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Crude oil

Russia remains China's top oil supplier in August, sales up 26%

Russia maintained its spot as China's top crude oil supplier in August, Chinese government data showed, even as discounts on Russian crude continued to narrow and Moscow cut exports.

Why the volatile South Caucasus is important for oil and gas supplies

Azerbaijan is trying to take back control of Nagorno-Karabakh, a breakaway territory controlled by ethnic Armenians, in the latest escalation of a decades-old conflict.

Kenya extends oil supply agreement with three Gulf companies

Kenya has extended an oil supply deal with three Gulf-based companies, which is designed to manage demand for dollars.

EU lawmakers to grill new climate chief on fossil fuels

Lawmakers in the European Parliament plan to grill Wopke Hoekstra, who is poised to be the EU's next climate change chief, on how he would phase out fossil fuel subsidies and set a new emissions target for 2040.

Russia and China to build oil transshipment complex for $686 MM

Russia's United Oil and Gas-Chemical Co. and China's Xuan Yuan Industrial Development have agreed to jointly invest $686 MM in construction of a transshipment oil complex in Russia's far east.

Russia considers temporary fuel export ban due to domestic crunch

The Russian government is considering a complete ban on the export of oil products for a certain period of time in order to stabilize domestic fuel prices.

PT Pertamina International chooses Topsoe technology at Cilacap facility in Indonesia

Topsoe has been selected by PT KPI as a technology licensor to provide its HydroFlex technology for the production of renewable fuels at the Cilacap Refinery Complex in Central Java, Indonesia.

Iran's Revolutionary Guards seize two ships smuggling 1.5 MM liters of fuel

Naval forces of Iran's Revolutionary Guards have in recent days seized two Panama-flagged ships smuggling a total of 1.5 million liters of fuel.

China oil refinery output rises to record on firmer demand, export margins

China's oil refinery throughput in August rose to a record, data showed, as processors in the world's second-largest crude consumer kept run rates high to meet summer travel demand and capitalize on strengthening export margins.

Singapore middle distillates stocks near 6-month high despite exports

Singapore's middle distillates inventories hit a near six-month high, official data showed, as jet fuel/kerosene net exports were little changed despite rising gasoil net exports week-on-week.