Crude oil
Saudi Arabia was top buyer of Russian fuel oil and VGO in November
Saudi Arabia was the top destination for Russian sea-borne fuel oil and vacuum gasoil (VGO) exports in November, according to traders and LSEG data.
Portugal's Galp plans to start producing biofuels in 2026
Portugal's Galp Energia expects to start producing biodiesel and biojet fuel from waste in an industrial-scale unit it is building at its Sines refinery in 2026.
Nigeria's Dangote Refinery hits 85% refining capacity
Nigeria's Dangote Refinery is now operating at 85% capacity and is on course to deliver European-standard products by January, an executive said on Friday.
India's BPCL buys first Argentinian crude oil cargo for Feb. delivery
India's Bharat Petroleum Corp Ltd. (BPCL) has bought its first crude oil cargo from Argentina, two trade sources said on Friday, part of the company's effort to diversify the grades processed at its refineries.
Oil via Russia's Druzhba pipeline halted by technical problems
Russian and Kazakh oil flows to Hungary, Slovakia, the Czech Republic and Germany via the Druzhba pipeline have stopped since Thursday due to technical problems at a Russian pumping station.
India to surpass China as the top source of global oil consumption growth in 2024 and 2025
India has emerged as the leading source of growth in global oil consumption in 2024 and 2025, overtaking China this year, according to the U.S. EIA's December Short-Term Energy Outlook.
Sinopec: China's oil consumption to peak by 2027
China's oil consumption is set to peak by 2027, state refining giant Sinopec said on Thursday, as diesel and gasoline demand weaken in the world's biggest oil importer, a slowdown that has rattled global oil markets this year.
Major Asian oil exporters close 2025 diesel sales at lower levels vs. 2024
Major northeast Asian oil exporters have mostly finalized their 2025 sales for 10-ppm sulfur diesel exports at lower levels from 2024, underscoring a bearish market outlook for a second straight year.
Russia's December idle oil refining capacity revised up 35%
Russia plans to take 1.48 MM tonnes (t) of refining capacity offline in December, up by 35% from a previous estimate but still below the 2.4 MMt in November.
China's gasoline exports surge in November ahead of tax rebate change
China's gasoline exports rebounded in November to the highest level since August 2023, as exporters rushed to sell products before a cut in tax rebates came into effect this month.
- IHI, Vopak to launch ammonia terminal project in Japan 7/11
- India's BPCL plans to shut Bina refinery unit for 15-day maintenance in August 7/11
- Soaring electric truck sales deal new blow to diesel use in China 7/11
- Russia`s Tatneft launches new hydrocracking unit on TANECO refinery 7/11
- IEA: Global oil market may be tighter than it looks 7/11
- India must boost its petchem output to counter China's dominance, Reliance says 7/11
