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Crude oil

Czech Republic's need for Russian oil ended by pipeline upgrade

Upgrades to boost the capacity for oil deliveries to the Czech Republic via the TAL pipeline are complete, ending the country's need to import Russian crude.

India halts trade with U.S.-sanctioned Russian companies and tankers

Indian refiners have stopped dealing with U.S.-sanctioned oil tankers and entities, but the country does not expect disruption to Russian crude supplies during a two-month wind-down period.

Update: Turkey's Izmir refinery now expects to restart crude unit in Feb, IIR says

Turkish refiner Tupras now expects to restart a 151,000-bpd crude unit at its Izmir oil refinery in early February after a fire on Nov. 25.

U.S. to impose further sanctions on Russian oil fleet and traders

The United States will impose some of the harshest sanctions yet on Russia's oil industry, according to a purported U.S. Treasury document circulating among traders in Europe and Asia that drove global oil prices 3% higher on Friday.

Kinder Morgan fuel pipelines return to service after Californian power outages

Kinder Morgan Inc. said two of its fuel pipelines, SFPP West and CALNEV, had returned to service on Friday, having been shut down since Jan. 8 due to power outages in Southern California.

U.S. oil imports from Canada hit record ahead of tariff threat

U.S. crude oil imports from Canada rose last week to the highest on record, ahead of incoming U.S. president Donald Trump's plans to levy a 25% tariff on Canadian imports.

EIA: U.S. crude stocks fall, fuel inventories rise

U.S. crude stocks fell while gasoline and distillate inventories rose last week, the Energy Information Administration (EIA) said on Wednesday.

Sinopec's Zhenhai refinery says fire at crude unit has been put out

China's Sinopec Zhenhai refinery said a fire that broke out on one of its crude distillation units (CDUs) late on Tuesday had been put out, with no casualties or injuries reported. The incident took place during the commissioning of new units in a major expansion at the plant.

China's Shandong Port, entry point for most sanctioned oil, bans U.S.-designated vessels

Shandong Port Group has banned U.S.-sanctioned tankers from calling into its ports in the eastern Chinese province, home to many independent refiners that are the biggest importers of oil from countries under U.S. embargo.

Canada's Suncor says oil and gas production rose in 4Q

Canadian oil and gas company Suncor said on Monday it saw higher upstream production and throughput at its refineries in the fourth quarter of 2024.