Crude oil
Saudi Arabia extends voluntary oil output cut of 1 MM bpd to end in 2023
Saudi Arabia will extend its voluntary oil output cut of 1 million bpd for another three months until the end of December 2023.
India cuts windfall tax on petroleum crude
The Indian government will cut the windfall tax on petroleum crude to 6,700 rupees ($81.03) per metric ton from 7,100 rupees starting on Saturday.
Russia's seaborne diesel exports showed a rise in August
Russia's seaborne diesel and gasoil exports in August rose by 2% from a month earlier to about 3.85 million metric tons on healthy fuel production, data from traders and LSEG showed.
EU shipping services still taking about half of Russian oil output
European Union shipping services are still handling about half of Russia's crude oil output.
Low U.S. heating oil stockpiles could cause winter sticker shocks
Americans could face a sticker shock with their heating bills this winter, especially if it is a chilly one, due to unusually low U.S. stockpiles of distillate fuels following OPEC+ crude supply cuts and higher demand from Europe.
Venezuela's August oil exports slump 38% as crude upgrading falls short
Venezuela's oil exports in August fell 38% from a three-year high in July as state-run oil company PDVSA struggled to keep its heavy crude upgraders in service, according to vessel monitoring data and internal company documents.
Oil holds breath ahead of OPEC+ supply cut expectations
Oil prices were stable amid expectations that major producers would keep supplies tight, as hopes grew for the Federal Reserve to leave interest rates unchanged to avoid dampening the U.S. economy.
Racing to find the right separation technology
The global pandemic, economic slowdown and instability caused by regional conflicts have significantly impacted the approximately 735 petroleum refineries worldwide.
How to successfully coordinate a global megaproject
When it comes to major petrochemical plant construction projects, logistical complexity can be one of the biggest hurdles builders face.
EU to seek COP28 deal on phasing out fossil fuels
European Union countries are preparing to push for a global deal on phasing out fossil fuels at the United Nations COP28 climate summit which begins in November, a draft of the EU's negotiating position 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
