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Crude oil

U.S. says there are significant undiscovered oil and gas resources in Wyoming

A new federal assessment has identified significant undiscovered, technically recoverable oil and gas resources in parts of Wyoming, Utah and Colorado, the U.S. Interior Department said on Wednesday.

Saudi Arabia crude exports fall to 5.754 MMbpd in March

Saudi Arabia's crude exports in March fell to 5.754 MMbpd from 6.547 MMbpd in February.

India's Russian oil imports hit 10-month high on strong demand for ESPO crude

India's Russian crude oil imports will hit close to 1.8 MMbpd in May, the highest in 10 months, ship tracking data from Kpler showed, after refiners snapped up more light grades such as ESPO Blend.

ADNOC and EGA sign $500-MM deal to localize supply of key raw material in aluminum production

ADNOC and Emirates Global Aluminium (EGA) announced  a five-year $500-MM supply agreement for up to 1.5 MMt of calcined petroleum coke (petcoke) from the Ruwais refinery (UAE), a key raw material used in aluminum production.

Nigeria's fuel traders struggling to secure gasoline from refurbished state refineries

Nigerian fuel traders are struggling to secure gasoline supplies from two newly refurbished state-run refineries six months after they were declared operational, they say, leaving them reliant on the privately owned Dangote oil refinery and imports.

Nuberg EPC, EDL sign technical collaboration agreement across several industries

Nuberg EPC and EDL Anlagenbau Gesellschaft mbH (a Pörner Group Company) have signed a Technical Collaboration Agreement to explore engineering and sustainable development opportunities across industries including fuel oil refineries, petrochemical industries, green hydrogen derivatives and sustainable process technologies to accelerate technological excellence and environmental responsibility.

U.S. order allows Puerto Rico to shore up ailing power grid with fuel oil plants

U.S. Energy Secretary Chris Wright issued an emergency order on Friday that will allow Puerto Rico's state-owned utility to plug chronic electricity shortfalls on the island with electricity from oil-burning power plants without running afoul of environmental laws.

China's April refinery output fell 1.4% year-on-year

China's crude oil throughput fell in April from a year earlier, official data showed on Monday, due to maintenance at state-owned refineries and as independent plants curbed output amid poor margins.

Russia's idle oil refining capacity revised up by 30% in May

Russia's offline primary oil refining capacity has been revised up by 29.5% in May from the previous plan to 3.41 MM tonnes (t).

Insight: Lifting U.S. sanctions on Iran could crush China’s 'teapot' oil refineries

The possible lifting of U.S. sanctions on Iran's oil exports could deal a fatal blow to independent Chinese refineries that have thrived by processing Tehran’s discounted crude, while also putting further downward pressure on oil prices.

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