Crude oil
Russian oil refineries cut processing 4% y/y in January–June
Russian oil refineries reduced their throughput in the first half of the year by 4% year on year (y/y) to 131.8 metric MMt, calculations based on data from industry sources showed on Monday, as Ukraine hit the facilities with drones.
Japan, S. Korea refiners join China in buying Canadian TMX oil
Asia's crude oil imports from Canada's newly expanded Trans Mountain pipeline will rise in September as major refiners in Japan and South Korea and a refinery in Brunei have bought their first cargoes alongside China.
bp Energy Outlook: Two main scenarios see 2025 oil peak, rapid renewables growth
bp expects oil demand to peak next year and wind and solar capacity to grow rapidly in both of the two main scenarios in its annual Energy Outlook, a study of the evolution of the global energy system to 2050 the company published on Wednesday.
U.S. seeks up to 4.5 MMbbl for strategic petroleum reserve
The U.S. Department of Energy (DOE) said on Wednesday it is offering to buy up to 4.5 MMbbl of oil to help replenish the Strategic Petroleum Reserve (SPR), though oil prices are now higher than the target price it wants to make such purchases.
Kurdish oil smuggling to Iran flourishes
Heading for Turkey to the north and Iran to the east, hundreds of oil tankers snake each day from near Kurdistan's capital Erbil, clogging the Iraqi region's often winding and mountainous highways.
U.S. West Coast refinery margins slump despite reduced capacity
U.S. refiners are making less money turning crude oil into fuels on the West Coast as the region's gasoline inventories grow and the use of biofuels increases.
OPEC sticks to 2024 oil demand view, sees strong travel season
OPEC is sticking to its forecast for relatively strong growth in global oil demand in 2024 and next year, saying on Wednesday that resilient economic growth and air travel would support fuel use in the summer months.
EIA: Global oil market will be in supply deficit next year
Global oil demand will outpace supply next year, the U.S. Energy Information Administration (EIA) said on Tuesday, reversing a prior forecast for a surplus.
Update: Power outages hinder Hurricane Beryl recovery, delay port, infrastructure restarts
About 1.7 MM customers remained without power in Texas on Wednesday morning, two days after Hurricane Beryl made landfall, as progress was slow during the night, hampering efforts to restore critical oil infrastructure.
India eyes energy deals with Rosneft, other Russian companies
India wants to strengthen its energy ties with Russia and could seek deals with Rosneft and other leading Russian oil firms as part of a broader push to boost bilateral trade.
- Petrobras wrapping up due diligence to buy back refinery from Mubadala 7/26
- US court rejects EPA denials of 2022 small refinery biofuel waivers 7/26
- Mexico seeks more 2025 fuel import deals after refinery delays 7/26
- PETRONAS, Eni and Euglena reach FID to construct a biorefinery in Malaysia 7/26
- ExxonMobil signs carbon capture agreement with CF Industries in Mississippi (U.S,) 7/26
- WoodMac: LNG truck sales impacting Chinese road diesel demand 7/26
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- Alarm rationalization at Kuwait National Petroleum Company (KNPC) refineries
