Crude oil
China May crude oil imports at 45.83 MMt, customs data shows
China's crude oil imports rose nearly 12% in May from a low base in the same month a year earlier, although refiners still battled high inventories with COVID-19 lockdowns and a slowing economy weighing on fuel demand.
U.S. commercial crude stocks build, SPR posts record drawdown as refiners ramp up
U.S. commercial crude oil inventories rose unexpectedly last week, while crude in the Strategic Petroleum Reserve fell by a record amount as refiners ramped up production to pre-pandemic levels.
Oil tops $120 a barrel on Saudi pricing despite OPEC+ deal
Oil prices were largely unchanged after choppy trade on Monday, buoyed by Saudi Arabia raising its July crude prices but amid doubts a higher output target for OPEC+ oil producers would ease tight supply.
Norway oil and gas workers threaten strike, some crude output at risk
At least 647 Norwegian oil workers plan to strike from June 12 if state-brokered wage mediation fails, putting some crude output at risk of shutdown although gas may not be affected.
The downstream rundown: In case you missed it
In case you missed any downstream news, this piece will give you a summary of some of the top stories from last week.
Slovakia says hardest hit by Russia oil sanctions, expects solidarity
Slovakia said on Friday it would be hardest hit by European Union sanctions on Russian oil and it expected solidarity from Brussels to mitigate the impact.
U.S. crude, fuel stockpiles fall in tight market
U.S. crude oil and fuel stockpiles fell last week, as demand continued to outstrip supply, with commercial crude inventories drawing down even as more strategic reserves entered the market.
Slovak refiner says sanctions plan will halt exports, threaten operations
Slovnaft, a unit of Hungary's MOL, said that planned sanctions on Russian oil would in their current form ban oil product exports after 8 months from Slovnaft to its key markets in central Europe such as the Czech Republic, Austria and Poland.
History of the HPI: The 1970s: Crises, clean air, plastic bottles and the DCS
The 1970s were marked by several historical events that affected not only the hydrocarbon processing industry (HPI) but nations around the world.
Brazilian president may need months to replace Petrobras management
Brazilian President Jair Bolsonaro has intensified his calls to shake up the board and management of state-run oil company Petrobras.
- thyssenkrupp Uhde completes pre-FEED for HAMR Energy’s renewable fuels project in Australia 8/21
- Europe distillates-diesel profit margins firm 8/21
- U.S.: Indiana's bp refinery restarts after severe flooding 8/21
- Berlin weighs trusteeship extension for Rosneft's German assets 8/21
- Trump administration to rule on biofuel exemption requests, delay reallocation decision 8/21
- TotalEnergies' Donges refinery fire extinguished 8/21
