Crude oil
Chevron sees California's fuel inventory law raising prices for customers
Chevron said that California's recently enacted legislation on oil refineries needing to maintain minimum fuel stocks was "flawed."
Russian Urals oil sales to Turkey in Nov. up 38% m/m as STAR refinery increases runs
Russian Urals oil supplies to Turkey's ports in November increased to 9.9 MMbbl from 7.4 MMbbl in October as its main consumer was back from outage.
Russia's oil and gas revenue down by a third in November m/m
Russia's oil and gas revenue in November is seen falling by one third to 0.78 T roubles (some $7.5 B) from 1.21 T in October.
China issues extra crude oil import quota to teapot refineries
China has issued an additional crude oil import quota of at least 5.84 MM tonnes (t) (116,800 bpd) to independent refiners for cargoes arriving by end-2024 and in early 2025.
Nigeria's local currency crude sales fall short of target, Dangote refinery says
The Nigerian government's plan to sell crude priced in the local currency is faltering, with refiners, including the giant Dangote oil refinery, saying they are still unable to secure adequate supplies.
Container shippers hedging green transition with dual-fuel vessel orders
Container shipping companies like Maersk, CMA CGM and COSCO have ordered hundreds of new vessels in recent years meant to help their industry slash greenhouse gas (GHG) emissions to meet rising demand from customers and regulators around the globe.
Singapore middle distillates stocks rise for fourth week to six-week high
Singapore's middle distillates inventories rose for the fourth straight week to a six-week peak as net exports of jet fuel slid further while those of diesel climbed.
EIA: U.S. crude, gasoline inventories rise, distillates draw down
U.S. crude oil and gasoline inventories last week rose more than forecast, while distillate stockpiles posted a larger-than-expected draw, the Energy Information Administration (EIA) said.
Vietnam's Binh Son refinery says 2024 output seen at 6.6 MM tonnes
Vietnam's Binh Son Refining and Petrochemical said on Thursday that 2024 output at its Dung Quat refinery was estimated at 6.6 MM tonnes, beating its target by 15%.
Sinochem may keep bankrupt refineries as auctions draw little interest
Sinochem Group may keep three bankrupt oil refineries located in eastern China after auctions to sell them drew little interest from other companies, sources familiar with the matter said.
- Topsoe fuels China’s push for sustainable aviation fuel: Selected as technology provider for major project 1/23
- Europe set for record LNG imports in 2026 1/23
- Plug Power completes installation of 100-MW GenEco electrolyzer units at Galp’s Sines refinery 1/23
- Reju announces site selection for first U.S. industrial-sized facility regeneration hub 1/23
- Engineering a low-cost alternative catalyst for producing sustainable petrochemicals 1/23
- New report identifies methanol-to-jet as a key accelerator of the next wave of sustainable aviation fuel 1/23
