Crude oil
Argentina looks to stop light crude imports, boost domestic refining
Increased refining of domestic light crudes and further investment in the oil sector keep country rolling toward energy independence.
US refiners seek alternatives to Canada oil sands crude
The widespread regional fire is putting a big dent in imports from Canada, and while there are other plentiful sources, they will take time to move to the US Midwest.
IEA: Oil outlook brightens as output disruptions erode surplus
Demand growth, which is unchanged since April, remains at about 1.2 MMbpd, with India, China and Russia helping support demand.
Oil rally stalls as refining fundamentals weaken
Refining margins have also started to soften, which could be a bad sign for oil demand if they encourage refiners to cut crude processing, according to the analyst.
Saudis raise crude oil pricing for Asian refiners by most in over a year
Refiners may choose to not take full contracted volumes, instead seeking alternative crudes on the spot market or access the large amount of crude stored around the region.
Growing gasoline, diesel glut sparks sharp sell-off in global oil markets
The sell-off came amid warnings that supplies could outpace global demand even during the peak summer driving season that traditionally kicks in at the end of May.
Canadian wildfire could limit oil supply to refiners
The United States imports about 3.5 MMbpd of Canadian crude, which is particularly important for US refiners from Ohio to the Dakotas.
China cuts West African oil imports as refiners cite delays, full tanks
Chinese loadings of West African crude declined from 19-month highs in May as delivery delays, port congestion and full tanks scuppered interest from private 'teapot' refiners.
Lifting of US crude export ban will impact process safety management
Since the Arab oil embargo in the 1970s, the US government has restricted the export of crude oil to curb dependence on crude oil imports.
Industry Metrics
US refinery margins recovered as product markets were supported by strong domestic gasoline demand and temporarily tight sentiment fueled by the switch to summer-grade gasoline.
- Trafigura to use Babcock's ammonia fuel supply system onboard gas carriers 7/7
- Transition Industries signs agreements for the Pacifico Mexinol Project, an ultra-low carbon chemical production facility 7/3
- Bangkok Airways introduces SAF on commercial flights 7/3
- EcoCeres secures SAF contract with British Airways to help reduce carbon emissions 7/3
- Air Liquide to invest up to $200 MM in Louisiana, U.S. to support industrial growth 7/3
- MOL completes the acquisition of LBC Tank Terminals 7/3
