Crude oil
Mexico's Pemex posts wider third-quarter loss, hit by weaker peso
Mexican state-owned oil company Pemex reported a deeper $8.2-B 3Q net loss on Tuesday, hurt mostly by a weaker exchange rate even as it benefited from support from the country's new government.
Phillips 66 refineries to run between low to mid 90% range capacity in Q4 2024
U.S. crude oil refiner Phillips 66 plans to operate its refineries in the low to mid-90% range of combined capacity of 1.5 MMbpd in the fourth quarter.
Angola's Cabinda oil refinery to start up by April
Angola's Cabinda oil refinery is set to begin production by April, as it completes its first phase just ahead of schedule but over budget.
U.S. West Coast refiners boost imports of light Canadian crude
Canadian waterborne exports of light crude to the U.S. West Coast have surged since the Trans Mountain pipeline expansion (TMX) began operating in May, data shows, surprising some market participants who thought it would mainly be used to send heavy crude to Asia and California.
PetroChina set to shut top north China refinery in 2025
PetroChina is set to shut its largest domestic oil refinery around mid-2025, the country's first major closure at a state-run plant and part of a long-mooted project to replace it with a smaller facility at a new site.
Sinopec's 3Q earnings fall 52.1% on lower oil prices, refining margins
Chinese refiner Sinopec posted a 52.1% year-on-year decline in net profit to 8.54 B yuan ($1.2 B) for the third quarter because of lower oil prices and weak refining margins.
India's BPCL says Russia oil intake share falls to 34% in September quarter
Indian refiner Bharat Petroleum Corp's use of Russian oil fell to 34% of the total intake for crude processing in the July–September quarter due to a maintenance shutdown of units at its Bina and Kochi refineries.
Oil exports from Russia's western ports to fall 13% in Nov. as refinery maintenance ends
Russia's crude oil exports from its three main western ports will drop by 13% in November from the previous month to 1.95 MMbpd (or some 8 MM tonnes) as refinery maintenance season is over.
U.S. crude, gasoline inventories rise, distillates draw down
U.S. crude oil and gasoline inventories rose while distillate inventories fell last week, the U.S. Energy Information Administration (EIA) said on Wednesday.
Four new petroleum liquids pipelines have been completed in the U.S. since 2023
Since 2023, pipeline companies have completed four new petroleum liquids pipeline projects in the U.S.—three crude oil pipeline projects and one hydrocarbon gas liquids (HGL) project—according to the U.S. Energy Information Administration’s (EIA’s) recently updated Liquids Pipeline Projects Database.
- OXEA confirms final investment decision for major capacity expansion at plant 7/10
- TotalEnergies ships to Asia the first cargo produced by the ECA LNG plant 7/10
- ADNOC L&S expands LNG fleet with order for four new carriers 7/10
- India's ONGC plans to build 13-MMbbl national strategic oil reserve 7/10
- Russian refineries, oil terminal, tankers hit, Ukraine says 7/10
- Tajikistan says it has 60 days' fuel in reserve amid Russian supply crunch 7/10
