Economics
Bangladesh struggling to pay for fuel due to dollar shortage, letters show
Bangladesh is struggling to pay for imported fuel because of a dollar shortage, letters from the state petroleum firm show, with it warning of an "alarming decrease" in fuel reserves.
Turkey and ship-to-ship top destinations for Russian May diesel loadings-traders
Turkey and ship-to-ship loadings remained the top destination for Russian diesel exports in May, while total shipments in May are set to fall because of seasonal refinery maintenance and rising domestic demand, traders said.
Indian Oil Corp: Middle East deals squeezed out by Russian crude
The chairman of Indian Oil Corporation, the country's top refiner by capacity, said he remained committed to term contracts with the Middle East but spot purchases from the region have fallen as more Russian crude has been imported.
Asia to drive oil demand growth in second half, says Vitol
Asia will lead oil demand growth of around 2 million bpd in the second half of the year, a senior executive at Vitol said, an increase that could potentially lead to a shortage of supply and drive up prices.
Rare shipment of U.S. oil heads to South Africa for Glencore refinery
A shipment of U.S. oil is headed to South Africa for the first time in two years and destined for a Glencore-owned refinery in Cape Town that has restarted operations after an explosion shuttered it in 2020, according to ship tracking data and a source.
Global Syngas Technologies Council convened to address global syngas market
Situated in the beautiful natural surroundings of Colorado Springs with the backdrop of the Rocky Mountains, the Global Syngas Technologies Council (GSTC) convened for their Spring board meeting at the Broadmoor Resort and Hotel.
Berkshire Hathaway boosts stake in Occidental Petroleum to 24.4%
Berkshire Hathaway Inc said it had acquired more shares of Occidental Petroleum Corp, boosting its stake in the oil company to 24.4%.
India eyes nationwide use of 1% sustainable aviation fuel by 2025
India plans to mandate the use of 1% of sustainable aviation fuel for domestic airlines by 2025 in a bid to cut emissions from the sector.India plans to mandate the use of 1% of sustainable aviation fuel for domestic airlines by 2025 in a bid to cut emissions from the sector.
China's oil refiners made rare draw on crude stockpiles in April
Chinese refiners dipped into crude oil inventories in April for the first time in 18 months, as high processing rates exceeded the volume of crude available from both imports and domestic output.
Oil rebounds on fading risk of U.S. debt default
Oil prices rebounded from losses of more than 1% the previous day as investors turned cautiously optimistic over the fading risk of a U.S. debt default.
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- Reliance: India's gasoline demand to peak by 2035, diesel by 2041 4/3
- Mabanaft, HIF Global sign agreement to accelerate e-methanol adoption in the shipping industry 4/3
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- Lummus completes successful startup of electric heater demonstration unit 4/3
