Crude oil

U.S. crude stockpiles dip, gasoline builds as demand slackens

U.S. crude oil stockpiles edged lower last week but gasoline inventories posted a larger-than-expected build on weakened demand, the Energy Information Administration said.

Technip Energies and National Petroleum Construction Company create joint venture to accelerate energy transition

The new joint venture NT ENERGIES LLC aims to support energy transition in the UAE, the broader Middle East region and North Africa by providing added value services in blue and green hydrogen and related decarbonization projects

Saudi minister sees lack of refining capacity in market, not lack of oil

Saudi Arabia's foreign minister said that he saw no shortage of oil in the market, but a lack of oil refining capacity, making it necessary to invest more in capacity to process crude oil into various oil products.

Gazprom tells Europe gas halt beyond its control

Gazprom has told customers in Europe it cannot guarantee gas supplies because of 'extraordinary' circumstances.

Dragos and Emerson announce partnership to bring OT cybersecurity to the industrial plant floor

Process industries such as oil & gas, chemical, food & beverage, pharmaceutical, pulp & paper, metals & mining, and dozens of others are rich targets for cyberattacks.

Karbala oil refinery to start production before year end

Production at Iraq's Karbala oil refinery south of Baghdad will begin by the end of the year.

The downstream rundown: In case you missed it 7/15

In case you missed any downstream news, here are the top stories from last week.

Oil settles lower ahead of potential large U.S. rate hike

Oil prices settled lower but pared nearly all losses after falling more than $4 earlier in the session as investors focused on the prospect of a large U.S. rate hike later this month that could stem inflation but at the same time hit oil demand.

Online Exclusive: Overhead automation and analytics lead to improved optimization of production and reliability

The efficient operation of crude oil distillation units (CDUs) improves profits and distillate yield while optimizing production costs and reliability. Simultaneously, it is possible to reduce caustic use, positively impacting downstream sodium impact resulting in increased fluidized catalytic cracking (FCC) catalyst costs, coker furnace fouling and other issues.

IEA chief says price cap on Russian oil should include refined products

Prices of refined products, such as gasoline and diesel, have soared even more than crude oil in the wake of the loss of Russian supply, because of a global refinery capacity crunch following the closure of several plants around the world.