Crude oil
U.S. to close Northeast gasoline reserve with 1-MMbbl sale
President Joe Biden's administration will sell nearly 1 MMbbl of gasoline in the U.S.-managed stockpile in northeastern states as required by law, effectively closing the near decade-old reserve.
EIA: U.S. crude stocks and distillate inventories rise, gasoline stocks fall
U.S. crude stocks and distillate inventories rose while gasoline inventories fell in the week ending May 17.
Editorial Comment: Boosting bio-content in processing feeds: Challenges and solutions driving the energy transition
Around the world, nations have instituted pathways to reduce emissions within their economies. These initiatives include various investments in carbon mitigation strategies such as boosting domestic renewables capacity, utilizing low-/zero-carbon fuels for power generation (e.g., green hydrogen), adding carbon capture technologies to projects and industrial installations, and increasing bio-content in transportation fuels, among others.
Indian refiner Reliance's April Russian oil imports up 11% month-to-month, India's Russian oil imports at 9-month high
India's Reliance Industries Ltd., operator of the world's biggest refining complex, shipped in about 351,600 bpd of Russian oil in April, up nearly 11% from the previous month.
Pemex is delivering only a fraction of feedstock to new Olmeca refinery
Mexican state energy company Pemex started sending 16,300 bpd of crude oil to its new Olmeca refinery this week, less than 5% of its total capacity, signaling another delay.
China's April gasoline exports fall to lowest level since July 2015 on recovering domestic demand
China's gasoline exports in April fell to the lowest level since July 2015, as domestic travel and fuel use increased in the recovering economy.
Russia to lift gasoline export ban
The Russian government has made a final decision to suspend the temporary ban on gasoline exports as the market is sufficiently supplied. The Energy Ministry has confirmed the information.
Mexico president's “dream” Pemex refinery hits another delay
Mexican state energy company Pemex started sending 16,300 bpd of crude oil to its new Olmeca refinery this week, less than 5% of its total capacity, signaling another delay.
China boosts crude oil storage amid soft refinery processing
The pace at which crude oil flowed into China's stockpiles increased in April as slower refinery processing outweighed a decline in imports.
Pakistan-China to sign MoU on oil-to-chemicals complex in June
During Prime Minister Shehbaz Sharif's visit to Beijing in June, China and Pakistan are expected to sign a memorandum of understanding (MoU) on a crude-to-petrochemical refinery project.
- ExxonMobil plans 1 Blbs/yr of advanced recycling by 2027 11/22
- Gauging the likely Trump effect on U.S. energy and power sectors 11/22
- Russia's Lukoil restoring cracker at NORSI refinery, gasoline output rising 11/22
- Nigeria's local currency crude sales fall short of target, Dangote refinery says 11/22
- U.S. October gasoline imports hit post-pandemic low on slump in European shipments 11/22
- Clean Hydrogen Works awards McDermott FEED contract for Ascension Clean Energy (ACE) project 11/21
