Mexican state-run oil company Petroleos Mexicanos, also known as Pemex, expects to increase its crude processing to 1.2 M bpd this year
Russia's piped supply of Urals crude to the European Union via the southern spur of the Druzhba pipeline is set to rise 6% on a daily basis in the first quarter from the three months before.
China's diesel exports could fall to an eight-month low in March as refiners focus on meeting local demand and increasing domestic stockpiles ahead of planned overhauls at refineries.
Refiner Citgo Petroleum Corp reported record net profit of $2.8 billion for 2022 on strong motor fuel demand, high margins and refining output that exceeded its plants' listed capacity.
Petrobras’ CEO, Jean Paul Prates, took advantage of the presence of the leaders of the largest energy companies on the planet at CERAWeek, in Houston, Texas (USA), to promote the importance of joint actions by the industry both in renewable energy projects and in initiatives for better use of oil and gas reserves.
Slashed output at Germany’s Schwedt oil refinery demonstrates the difficulty Berlin faces in turning away from Russian oil, despite plans to work with Poland to find alternative supply.
Environment and disaster authorities in the Philippines rushed to contain an oil spill on Friday from a sunken fuel tanker that has reached coastal towns on a large central island, warning of dangers to marine ecosystems if more oil leaks.
Russian oil producer Lukoil has started ship-to-ship (STS) loadings of ultra-low-sulfur diesel (ULSD) off its western exclave of Kaliningrad.
Oil rose on signs of a strong economic rebound in top crude importer China, but fears over the impact of potential increases to European interest rates kept prices from moving higher.
Russia's revenues from oil and gas exports dropped by nearly 40% in January as price caps and Western sanctions squeezed the proceeds from Moscow's most lucrative export, the International Energy Agency said on Tuesday.