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Crude oil

Libya says oil leak occurs in pipeline south of Zawiya city

An oil leak forced the shutdown of a pipeline south of Libya's city of Zawiya, the National Oil Corporation (NOC) said on Saturday.

Saudi Arabia's refining boom helps it weather oil price war

Saudi Arabia has been cranking up oil refining operations to capture strong profit margins, helping the kingdom offset revenue lost from declining crude prices and exports.

Saudi Aramco considers asset sales to free up funds

Saudi state oil giant Aramco is exploring potential asset sales to free up funds, as it pursues an international expansion and weathers lower crude prices.

Hunt Refining's Tuscaloosa refinery (U.S.) expedites maintenance, repairs on fire-damaged coker unit

Hunt Refining has expedited and started maintenance and repairs on the fire-damaged coker unit at its 63,000-bpd petroleum refinery in Tuscaloosa, Alabama last week.

Hungary's MOL and MVM join forces to ship Azeri oil to central Europe

Hungarian oil and gas group MOL and state-owned energy company MVM will jointly charter tankers to ship up to 160,000 metric tpy of crude oil from Azerbaijan to further diversify energy supply for Hungary and Slovakia.

U.S. says there are significant undiscovered oil and gas resources in Wyoming

A new federal assessment has identified significant undiscovered, technically recoverable oil and gas resources in parts of Wyoming, Utah and Colorado, the U.S. Interior Department said on Wednesday.

Saudi Arabia crude exports fall to 5.754 MMbpd in March

Saudi Arabia's crude exports in March fell to 5.754 MMbpd from 6.547 MMbpd in February.

India's Russian oil imports hit 10-month high on strong demand for ESPO crude

India's Russian crude oil imports will hit close to 1.8 MMbpd in May, the highest in 10 months, ship tracking data from Kpler showed, after refiners snapped up more light grades such as ESPO Blend.

ADNOC and EGA sign $500-MM deal to localize supply of key raw material in aluminum production

ADNOC and Emirates Global Aluminium (EGA) announced  a five-year $500-MM supply agreement for up to 1.5 MMt of calcined petroleum coke (petcoke) from the Ruwais refinery (UAE), a key raw material used in aluminum production.

Nigeria's fuel traders struggling to secure gasoline from refurbished state refineries

Nigerian fuel traders are struggling to secure gasoline supplies from two newly refurbished state-run refineries six months after they were declared operational, they say, leaving them reliant on the privately owned Dangote oil refinery and imports.

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