Economics
As Saudi oil cuts raise prices, Asia refineries buy elsewhere
Refiners across the top-importing region of Asia are being forced to adapt buying patterns as the additional output cuts by Saudi Arabia have reduced availability of their preferred medium sour grades of crude.
U.S. East Coast scrambles for distillates ahead of refiner maintenance
U.S. East Coast fuel suppliers are scrambling for distillate supplies ahead of planned maintenance at two key refineries that are set to further tighten supplies and boost prices in the populous region that already has low inventories ahead of winter.
Putin says government did not act in time on high fuel prices
Russian President Vladimir Putin said in comments about high domestic fuel prices that the government had failed to react in time to the rising price of oil on global markets.
Gazprom says Astrakhan plant resumes diesel output
Russia's Gazprom said that its Astrakhan gas processing plant had resumed diesel output after maintenance works, Interfax reported.
Russia's Sakhalin Energy resumes operations in full after maintenance
Russia's Sakhalin Energy, which produces liquefied natural gas and oil, has fully resumed production following maintenance.
Russia to deliver second oil cargo to Brazil in September
Russia loaded the second oil cargo for delivery to Brazil in September.
Gasoline, diesel vehicles dominate India's auto market, EVs lag
India's road transport minister warned local and foreign automakers to either cut production of polluting diesel vehicles or face higher taxes and levies, setting alarm bells ringing in the world's third-largest car market.
Korean Air introduces Cargo SAF Program
Korean Air will launch a program to use SAF for air cargo operations in cooperation with air cargo customers and forwarders.
Europe set for light autumn refinery maintenance as fuel markets tighten
European oil refiners are set to have an autumn maintenance season less busy than usual as they try to capture higher profit margins amid low fuel inventories and robust demand for gasoline and diesel.
Marathon Galveston Bay, Texas, (U.S.) FCC expected to be shut until late this week
The fire-damaged, gasoline-producing fluidic catalytic cracker at Marathon Petroleum's 593,000 bpd Galveston Bay Refinery in Texas City, Texas, is expected to be shut until late this week.
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