Crude oil
U.S. crude stockpiles hit near 3-yr low despite softer refinery demand
U.S. crude oil inventories slipped to their lowest level since March 2022 last week, even as refining activity fell sharply, cutting demand for crude.
India's BPCL sees March Russian oil intake down 20% as it awaits offers
India's state-run refiner Bharat Petroleum Corp. sees its Russian oil processing down to 20% in March from 31% this month as it awaits offers from traders.
Synthetic graphite demand drives attractive techno-economics for coker upgrades
This article describes the economic opportunity that synthetic graphite demand growth presents for American and European refiners. It describes the conditions that best suit a plant to be considered for such a revamp. The article also discusses the modifications needed in capital equipment, process conditions and feedstock to execute this change, the typical capital expenditure required to materialize it, and the transformational gross profit enhancements that could result from these modifications, given the product slate upgrade.
China's crude oil imports may grow only 1% in 2025, CNPC says
China's crude oil imports will likely rise only 1% this year, and the country's reliance on oil imports is projected to remain at around 70% between 2026 and 2030.
India likely to boost purchases of U.S. oil, gas following Trump's announcement
India is likely to increase its purchases of U.S. oil and gas after U.S. President Donald Trump's announcement to maximize U.S. oil and gas production.
Trump to declare 'national energy emergency' to boost fossil fuels, power projects
President Donald Trump laid out a sweeping plan to maximize already record high U.S. oil and gas production by declaring a national energy emergency, stripping away excess regulation, and withdrawing the U.S. from an international pact to fight climate change.
Russian fuel exports fall in 2024 as drone attacks, bans add to sanctions pressure
Russian seaborne oil product exports fell by almost 10% in 2024 after Ukrainian drone attacks damaged major refineries and as higher funding costs and a government gasoline export ban added to pressure from Western sanctions.
India refiners ask ADNOC to offer oil delivered price as freight spikes
Indian state refiners have asked Abu Dhabi National Oil Co. (ADNOC) to offer pricing its crude on a delivered basis as well to manage costs, after fresh U.S. sanctions disrupted supplies and caused freight rates to spike.
China's vast refining sector faces shakeout as fuel demand peaks
Up to 10% of China's oil refining capacity faces closure in the next 10 yr as an earlier-than-expected peak in Chinese fuel demand crushes margins and Beijing's drive to wring out inefficiency begins to squeeze older and smaller plants.
Petrobras reports record high refinery output in 2024
Brazil's Petrobras saw output from its refineries hit an all-time high in 2024 with record production of gasoline and S-10 diesel.
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