Crude oil
Asia fuel oil discount to Dubai crude at narrowest in eight months
Boosted by supply constraints and lower global inventories, the discount of 180-centistoke fuel oil in Asia to Dubai crude oil is at its narrowest in almost 8 months.
Asia oil refiners choose from 300 types of crude
Asia's oil refiners can choose from over 300 crudes from every continent, because of cheap freight and rising supplies.
US crude inventories fall unexpectedly for third week
US crude oil inventories fell sharply, the third consecutive week of unexpected declines, while gasoline stocks decreased nationwide.
Bharat Petroleum seeks upstream assets to feed refineries
Bharat Petroleum wants to buy more stakes in assets that are already producing to feed its refineries and become more self-sufficient.
India to buy 6 MMbbl of Iran oil for emergency reserves
India is set to buy 6 MMbbl of Iranian crude for its strategic oil reserves as negotiations with the United Arab Emirates' national oil company for supplies are stuck over commercial terms.
Hedge funds pile into gasoline amid pipeline, refinery woes
Money managers have amassed their largest bullish position in US gasoline in more than three months as pipeline and refinery outages send futures and pump prices of the motor fuel soaring.
CVR’s Wynnewood refinery to receive SCOOP crude from new pipeline
Velocity Midstream has entered into definitive agreements with CVR Refining for the construction of a pipeline and terminal directly linking the fairway of the South Central Oklahoma Oil Province to CVR’s Wynnewood refinery.
Easy resolution unlikely for contentious Dakota pipeline
Rerouting a long-anticipated pipeline in North Dakota would be a laborious and costly task, delaying startup by months and provoking further opposition from Native American and environmental groups.
Iran sends 1 MMbbl of oil to Austria's OMV in spot delivery
Austria's OMV received 1 MMbbl of crude oil from Iran which will be delivered to its two refineries in Austria and Romania.
India's Iran oil imports surge to highest in at least 15 years
India's daily oil imports from Iran in August surged to their highest in at least 15 years as the OPEC producer boosted its shipments to recoup market share ceded to rivals Saudi Arabia and Iraq under pressure from economic sanctions.
- Morgan Fuels & Lubes achieves approval under the renewable fuels assurance scheme 7/16
- JERA and Samsung C&T to strengthen supply security of hydrogen and ammonia value chains 7/16
- Intelligent OT networks with Tosi Insight 7/16
- H4 Marseille Fos secures power supply for one of Europe's largest e-SAF projects 7/16
- Emerson automates refinery scheduling to improve margins, respond faster to market volatility 7/16
- Russia seeks more gasoline from India after Ukraine attacks refineries 7/16
