Crude oil
Ecopetrol CEO says oil industry's future not threatened by energy transition
Colombia's oil and gas industry is not coming to an end due to the transition to cleaner energy in response to a union statement which alleged executive decision-making is threatening the majority state-owned company's future.
Venezuela's PDVSA signs new euro-denominated fuel contracts amid U.S. sanction easing
Venezuela's PDVSA has signed at least two new spot contracts to export fuel oil and asphalt cement, demanding prepayment in euros from customers as the state-run oil company begins to turn to cash sales after the U.S. eased sanctions.
U.S. crude, gasoline stockpiles rise as refiners run less oil
U.S. crude oil stockpiles jumped last week as refinery utilization dropped, while gasoline inventories posted a surprise build.
China sets minimum size for new refiners as it caps overall capacity
China has set a minimum size for new oil refineries and will ban small crude processors that claim to be chemicals or bitumen producers under its plan to limit total capacity at 1-B metric tons by 2025.
Japan's Eneos shuts crude distillation unit at Sakai oil refinery
Japan's biggest oil refiner, Eneos Corp, shut the 141,000 bpd crude distillation unit at its Sakai refinery on Oct. 16 after a glitch.
Saudi minister says oil firm acquisitions show that hydrocarbons 'here to stay'
Saudi Energy Minister Prince Abdulaziz bin Salman said that acquisitions by major oil firms such as Chevron's $53 B all-stock deal to buy Hess showed that hydrocarbons were here to stay.
Trafigura seeks to charter tanker to export Venezuelan fuel oil
Global commodities trader Trafigura is seeking to charter at least one large tanker to export Venezuelan fuel oil, a move that follows this week's easing of U.S. sanctions on the OPEC country's energy industry.
Sonangol partners with Chinese CNCEC to build Lobito refinery
Sonangol and China National Chemical Engineering Company signed, in the city of Lobito, Benguela, a contract for the construction of the Lobito Refinery.
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.
- ExxonMobil plans 1 Blbs/yr of advanced recycling by 2027 11/22
- Gauging the likely Trump effect on U.S. energy and power sectors 11/22
- Russia's Lukoil restoring cracker at NORSI refinery, gasoline output rising 11/22
- Nigeria's local currency crude sales fall short of target, Dangote refinery says 11/22
- U.S. October gasoline imports hit post-pandemic low on slump in European shipments 11/22
- Clean Hydrogen Works awards McDermott FEED contract for Ascension Clean Energy (ACE) project 11/21
