Crude oil

China still storing crude oil even as refinery runs rise

Despite the decline in surplus oil, the key point is that refiners are still likely adding to stockpiles, which will allow them to trim imports should prices rise to levels they believe are not justified by market fundamentals.

Lukoil's Volgograd refinery halts oil processing after drone attacks

Oil processing at the Volgograd refinery has been halted at least until the middle of September.

Russian energy facilities targeted recently in drone attacks

Here is a summary of attacks in recent weeks on key energy sites in Russia, one of the world's biggest energy producers.

Sanctions-hit Indian refiner Nayara in talks with govt to sustain operations

Russia-backed Indian refiner Nayara Energy is talking to government authorities and partners to maintain operational stability of its 400,000-bpd refinery and fuel supplies despite EU sanctions hurting the supply chain.

The API challenges Trump plan to cut biofuel import credits

The mounting criticism puts the White House in the position of having to side with either farmers looking to prioritize domestic supply, or refiners seeking cheaper feedstock.

A refresher on Russia's commodities clout ahead of Trump-Putin talks

Prior to its invasion of Ukraine in 2022, Russia was a leading exporter of crude oil, natural gas, coal, aluminum, nickel, steel, wheat and fertilizers - among other commodities - and the top supplier of energy products to Europe.

Digital Exclusive: Safety, stability and standards in the oil and gas industry

China's ethylene capacity to hit 100 million tons by end-2028

China will add 40 million metric tons of ethylene capacity between 2025 and 2028, taking total capacity for the key plastic industry building block to 100 million tons by the end of the period, a Sinopec executive said on Thursday.

Vietnam's Binh Son Refining and Petrochemical buys 1 MMbbls of oil from the U.S.

Vietnam's Binh Son Refining and Petrochemical has bought 1 MMbbls of U.S. West Texas Intermediate crude for November delivery, the country's first U.S. oil purchase in 2025.

South Korea to announce plan to restructure petrochemical sector facing 'grave' situation

South Korea's government will announce a plan this month to restructure the country's petrochemical sector, which is in a "grave" situation, Industry Minister Kim Jung-kwan said.