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Crude oil

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.

Saudi Aramco in talks to buy 10% stake in Chinese refiner Yulong Petrochemical

Saudi Aramco is in talks to buy a 10% stake in Shandong Yulong Petrochemical Co in a deal that would further boost the state oil giant's investments in China.

India wants Saudi Aramco to develop strategic petroleum reserve as ties strengthen

India wants Saudi Arabia's Aramco to participate in its planned 6.5 Mmt strategic petroleum reserve program as the South Asian nation wants to strengthen ties with its key oil supplier.

Mexico's Pemex expects to boost refining to 1.16 M bpd this year

Mexican state-owned oil company Pemex expects to process 1.16 million barrels of crude oil per day by the end of 2023, a goal which would represent significant growth from current refining levels.

Kuwait's al-Zour refinery to operate at full capacity within days

Kuwait's al-Zour refinery will operate at full capacity of 615,000 bpd within days.

India's September fuel demand slips 2% month-on-month

India's fuel consumption dropped 2% month-on-month in September, data from the Petroleum Planning and Analysis Cell of the oil ministry showed.

OPEC leaders make case for fossil fuels at Riyadh climate event

OPEC heavyweights said oil and gas should not be stigmatized in the climate debate and that the industry had a role to play in an orderly energy transition.

Indonesia's Pertamina may seek new Tuban refinery partner due to Rosneft uncertainty

Indonesia may seek a new partner for state-run Pertamina's refinery project in Tuban, East Java, due to uncertainty over its partnership with Russia's Rosneft.

Russia’s Lukoil lends Socar $1.5 B in deal to supply its Turkish STAR refinery

Private Russian oil producer Lukoil will lend Azeri state oil firm Socar $1.5 B as part of a broader deal that will allow Socar's 200,000-barrel-per-day Turkish STAR refinery to process Russian crude again.