Crude oil
U.S. majors Exxon, Chevron post blowout earnings, ramp up buybacks
The two largest U.S. oil companies, ExxonMobil and Chevron, posted record revenue on Friday, bolstered by surging crude oil and natural gas prices and following similar results for European majors a day earlier.
Eni confident it will replace Russian gas by 2025
Italian energy group Eni believes it will be able to completely replace Russian gas imports by 2025 as uncertainty over Moscow's energy supplies to Europe forces countries to seek alternative sources.
U.S. fuel demand remains strong, despite recent data
Demand for transportation fuels remains strong despite mixed signals from inventory data collected by the U.S. Energy Information Administration.
Shell slashes gas intake at Dutch, German refineries
Shell has slashed its use of gas at Europe's largest oil refinery, Rotterdam's 404,000 bpd Pernis site, by 40% and at its German refineries by 70%.
U.S. crude stockpiles drop as exports surge to record high
U.S. crude oil stockpiles fell last week, driven by a surge in exports to an all-time high due to the big discount for U.S. crude when compared with international benchmark Brent.
Binh Son refinery Q2 net profit soars to $424 MM
Vietnam's Binh Son Refining and Petrochemical recorded net profit of $424 MM in the second quarter, up by nearly six times from a year earlier.
U.S. to sell additional 20 MM barrels of oil from strategic reserve
The United States has already sold 125 MM barrels from the reserve with nearly 70 MM barrels already delivered to purchasers.
Galp posts 90% profit leap on soaring oil prices and refining margin
Portuguese oil and gas company Galp Energia reported a 90% jump in adjusted second-quarter profit, citing soaring oil prices and a sharp increase in its refining margin.
Global gasoline cracks collapse, blow to refiners' profits
A sudden crash in global gasoline prices in the past two weeks has dented refiners' profits, pushing up inventories in key trading hubs around the world while looming exports from China and India also add to pressure on growing stockpiles.
Sinopec outbid for Russian ESPO crude in July
Sinopec Corp has cut its purchases of Russia's ESPO crude oil in July as other buyers, including from India, were willing to pay higher prices.
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- Ketjen introduces new breakthrough catalyst that mitigates the effects of iron poisoning in FCCUs 8/20
- Sumitomo Chemical achieves scale-up of its process for producing propylene directly from ethanol 8/20
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