Crude oil
Nigeria buying fuel with cash, rather than crude, in post-reform shift
Nigerian state oil company NNPC has begun buying gasoline via cash tenders, rather than oil swaps, for the first time in nearly a decade.
Russia fuel exports jump in Sept despite OPEC deal, sanctions
Russian crude oil and product exports rose in September by as much as 460,000 bpd, the International Energy Agency estimated, despite Western sanctions and Moscow’s pledge to cut output in tandem with OPEC
U.S. sanctions two tanker owners for carrying Russian oil above price cap
The U.S. imposed the first sanctions on owners of tankers carrying Russian oil above the G7 price cap of $60 a barrel, one based in Turkey and one in the United Arab Emirates, in an effort to close loopholes on the mechanism designed to punish Moscow for the war in Ukraine.
Russia will never be seen as reliable energy supplier, U.S. energy official says
U.S. Assistant Secretary for Energy Resources Geoffrey Pyatt said Russia would never again be viewed as a reliable energy supplier, a day after Washington imposed fresh sanctions on Moscow because of its war in Ukraine.
Russia's September seaborne oil product exports down vs August
Russia's seaborne oil product exports fell 2.5% in September from August to 9.456 Mmt due to seasonal maintenance of refineries and a fuel export ban late in the month.
Saudi Aramco in talks to buy 10% stake in Chinese refiner Yulong Petrochemical
Saudi Aramco is in talks to buy a 10% stake in Shandong Yulong Petrochemical Co in a deal that would further boost the state oil giant's investments in China.
India wants Saudi Aramco to develop strategic petroleum reserve as ties strengthen
India wants Saudi Arabia's Aramco to participate in its planned 6.5 Mmt strategic petroleum reserve program as the South Asian nation wants to strengthen ties with its key oil supplier.
Mexico's Pemex expects to boost refining to 1.16 M bpd this year
Mexican state-owned oil company Pemex expects to process 1.16 million barrels of crude oil per day by the end of 2023, a goal which would represent significant growth from current refining levels.
Kuwait's al-Zour refinery to operate at full capacity within days
Kuwait's al-Zour refinery will operate at full capacity of 615,000 bpd within days.
India's September fuel demand slips 2% month-on-month
India's fuel consumption dropped 2% month-on-month in September, data from the Petroleum Planning and Analysis Cell of the oil ministry showed.
- India receives fuel oil cargo in Russian SCF tanker after brief halt 4/26
- Biden administration (U.S.) to release SAF tax credit model 4/26
- Boeing, Wagner advance Australia’s SAF Industry 4/26
- S-Oil expects Q2 refining margins to remain steady then trend upward 4/26
- Vitol to charter supertankers from U.S. to Nigeria's Dangote refinery 4/26
- Refiner Valero beats profit estimates on resilient demand, tight supplies 4/26
