Crude oil
Mexico exports 39% less crude oil in June, refining and fuel production increase significantly
In May, Pemex's international trading arm, PMI, forecast that the company would export less this year because more would be sent to local refineries, including to its new Olmeca refinery in the port of Dos Bocas.
CLG and INA successfully produce SAF from biogenic feedstock
Chevron Lummus Global (CLG) announced a successful commercial test for co-processing biogenic feedstocks and fossil feedstocks at INA Group's Rijeka Refinery in Croatia.
Indian refiner Nayara trims crude runs in wake of EU sanctions
Privately-held Nayara, which runs India's third-biggest refinery at the port of Vadinar in the western state of Gujarat, controls nearly 8% of the country's total refining capacity of about 5.2 MMbpd.
Dangote Refinery drops lawsuit against Nigerian fuel importers
Africa's largest refinery had sought to nullify fuel import licenses issued to NNPC Ltd., AYM Shafa Ltd., A.A. Rano Ltd., T. Time Petroleum Ltd., 2015 Petroleum Ltd., and Matrix Petroleum Services Ltd.
AFPM challenges Trump biofuel, tariff policies in letter
A leading U.S. refining trade group has criticized the Trump administration's biofuel policies in a letter to top Republican lawmakers, representing the oil industry's biggest rift with the president since his return to the White House in January.
Trump threatens secondary sanctions on Russian oil exports, tariffs to reach as high as 100%
U.S. President Donald Trump unexpectedly shortened his deadline for hitting Russia with the most severe sanctions on its oil exports to date. While the market has called the president’s bluff thus far, the sheer scale of the threat may force investors to start pricing in this meaningful tail risk.
Spanish oil company Moeve's profit falls on blackout impact
The company attributed the core profit decline mainly to the cost of halting and restarting its two oil refineries during and after the April 28 blackout.
Austria's OMV finds chloride contamination in Azeri crude
Organic chloride contamination in Azeri BTC crude cargoes was discovered last week, sending price differentials to a four-year low and causing several days' delays to loadings from Turkey's BTC Ceyhan terminal.
U.S. Gulf refiners seek Middle East, S. American oil to offset Venezuela, Mexico losses
The shake-up in trade flows reflects a shortage of medium and heavy crude grades at the key Gulf Coast refining hub, which has struggled in recent months to secure adequate supplies amid Mexican production and quality challenges, and Washington's pressure strategy on Venezuela's sanctioned energy industry.
CEO of Russia-backed Indian refiner Nayara resigns after EU sanctions
The reshuffle at the top is the latest disruption for the company since the EU announced a new round of sanctions last Friday directed at Russia over its war in Ukraine.
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