Crude oil
Indian refiners using term deals as hedge against Russian supply risk
India's state oil refiners will continue to use annual contracts to secure oil supplies and hedge against market volatilities as the future of cheap Russian purchases is in doubt, the oil ministry said in a report to parliament.
Argentina raises biofuel prices for domestic market
The Argentine government raised biofuel prices for the domestic market, according to two resolutions published in the official gazette.
Low global diesel supplies support crude prices despite OPEC+ boost
Diesel, the top component of global fuel demand, has been the lone bright spot in an otherwise lackluster oil market this year as refinery closures and a shortage of crude with higher diesel yields have kept inventories below historical norms.
Pakistan Refinery to buy its first Nigerian Bonny Light oil from Vitol
The 500,000-bbl, light-sweet crude cargo is expected to load later this month and arrive in Karachi by late September.
Exports of oil products by private Indian refiners
The South Asian nation became the top buyer of Russian seaborne crude after Moscow's 2022 invasion of Ukraine. Private refiners Reliance Industries and Nayara are Russia's top Indian oil clients.
Russian oil exports will rise after drone strikes shut refineries
The extra oil has the potential to add to downward pressure to the global oil market as supplies are already set to be increased by an output hike agreed on Sunday by OPEC+.
Digital Exclusive: How companders can support industrial decarbonization
This article presents three scenarios that illuminate how a compander can take a central role in increasing operational efficiency and recovering waste energy.
Russia's Ryazan oil refinery halves refining capacity after drone attacks
According to sources, two primary oil refining units were stopped following the drone attacks - CDU-3 with a capacity of 8,600 tonnes (t) per day, and CDU-4 with a capacity of 11,400 tpd.
Top U.S. refiner Marathon Petroleum beats quarterly profit on higher refining margins
U.S. refiners are posting upbeat quarterly profits, recovering from the losses in the previous quarter on stronger diesel margins.
India's Nayara exports first gasoline since sanctions
Russia-backed Indian refiner Nayara Energy has exported its first gasoline cargo since the privately-owned company was sanctioned by the European Union on July 18.
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