Crude oil
Global refinery margins fall to multi-year seasonal lows in September
Refinery margins for petroleum refiners across the world are shrinking, indicating reduced profitability from refining crude oil and selling petroleum products.
Russia's idle oil refining capacity revised up 10% for October
Russia plans to take offline 4.4 MM tonnes of refining capacity in October, an increase of 10% from an earlier plan, increasing the amount of crude oil available for export.
China oil imports fall from a year ago for fifth month, newest refinery starts up
China's oil imports fell in September by 0.6% from a year earlier, as plants curbed purchases because of weak domestic fuel demand and narrowing export margins.
Trader Vitol sells Venezuelan oil to Indian refiners
Two Indian state refiners have bought 2 MMbbl of Venezuelan crude from trading house Vitol for November delivery, as shipments to what previously was Venezuela's second largest oil market continue to grow.
Nigeria ends state oil firm's role as Dangote refinery's sole buyer
Nigeria's local fuel traders can now buy petrol directly from the Dangote oil refinery, ending state-oil firm NNPC's exclusive buying rights as the country moves to fully deregulate its processing sector.
Russia's largest oil refinery lifts 9-month crude processing by 4%
The Omsk oil refinery, Russia's largest by production volumes, increased crude processing by 4% year-on-year in the January to September period thanks to a modernization of its facilities.
Fewer tankers transit the Red Sea in 2024
The amount of crude oil and oil products flowing through the Bab el-Mandeb, the southern chokepoint at the mouth of the Red Sea, decreased by more than 50% in the first eight months of 2024.
Oil group MOL's refineries shift to non-Russian crude faces delay
Hungarian oil group MOL expects its refineries to be able to process both Russian and non-Russian crude oils by the end of 2026, a year later than planned as some adjustment projects have been delayed.
bp abandons goal to cut oil output, resets strategy
bp has abandoned a target to cut oil and gas output by 2030 as CEO Murray Auchincloss scales back the firm's energy transition strategy to regain investor confidence.
Russia considers diesel export ban for non-producers
Russian oil companies have held talks with the government on whether firms that do not produce diesel should be banned from exporting it because of concern the refiners may be losing subsidies.
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- Research: Developing an energy-saving, carbon-capturing method for making ethylene glycol 8/19
- Emerson announced the release of its new Rosemount 3144S temperature transmitter 8/19
- Chinese refiners sweep up Russian oil after Indian demand falls 8/19
- Indonesia plans quick-to-build oil refineries for U.S. crude 8/19
- Russia's ultra low-sulfur diesel exports from Primorsk scheduled to rise in August 8/19
