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Crude oil

Vietnam seeks Saudi Aramco's investment in petrochemicals, oil refining

Vietnam is seeking investment from oil giant Saudi Aramco in its petrochemical and oil refinery projects, the Southeast Asian country's government said.

China's September oil refinery throughput surges to record daily rate

China's oil refinery throughput in September hit a record daily rate up 12% from a year earlier as refiners increased run rates to cater for strong demand for transport fuel over the Golden Week holiday and improving manufacturing.

Uganda to announce oil refinery bid winner next month

Uganda expects to announce the winning bidder among four groups competing for a new 60,000 bpd oil refinery next month.

Pemex shuts large CDU at Deer Park, Texas (U.S.) refinery

Pemex shut down the 270,000 barrel-per-day crude distillation unit at its Deer Park, Texas, refinery on Monday because a process line ruptured.

Russia-China oil and gas cooperation in focus as Putin visits Xi

Beijing has rejected Western criticism of its growing partnership with Moscow in light of Russia's conflict in Ukraine and it insists the ties do not flout international norms, and China has the prerogative to collaborate with whichever country it chooses.

Nigeria buying fuel with cash, rather than crude, in post-reform shift

Nigerian state oil company NNPC has begun buying gasoline via cash tenders, rather than oil swaps, for the first time in nearly a decade.

Russia fuel exports jump in Sept despite OPEC deal, sanctions

Russian crude oil and product exports rose in September by as much as 460,000 bpd, the International Energy Agency estimated, despite Western sanctions and Moscow’s pledge to cut output in tandem with OPEC

U.S. sanctions two tanker owners for carrying Russian oil above price cap

The U.S. imposed the first sanctions on owners of tankers carrying Russian oil above the G7 price cap of $60 a barrel, one based in Turkey and one in the United Arab Emirates, in an effort to close loopholes on the mechanism designed to punish Moscow for the war in Ukraine.

Russia will never be seen as reliable energy supplier, U.S. energy official says

U.S. Assistant Secretary for Energy Resources Geoffrey Pyatt said Russia would never again be viewed as a reliable energy supplier, a day after Washington imposed fresh sanctions on Moscow because of its war in Ukraine.

Russia's September seaborne oil product exports down vs August

Russia's seaborne oil product exports fell 2.5% in September from August to 9.456 Mmt due to seasonal maintenance of refineries and a fuel export ban late in the month.