Economics
India's Hindustan Petroleum posts biggest jump in quarterly profit in 9 yr
Indian state-owned oil refiner Hindustan Petroleum Corporation Ltd said it posted its biggest quarterly profit in nine years, helped by a fall in crude prices and higher refinery margins.
Trafigura raises stake in Italian refinery Saras to 12.5%
Global commodities trader Trafigura has raised its stake in Italian refiner Saras to 12.46% from 5.23%, the companies said, strengthening Trafigura's foothold over Mediterranean oil flows.
Iraq ready to resume northern oil exports says minister
Iraq wants to restart oil exports on Saturday through a pipeline that runs from its northern Kurdistan region to the Turkish port of Ceyhan, but is waiting for the go-ahead from Turkey.
Germany's Schwedt refinery to run at 70% of capacity from June
Germany's Schwedt oil refinery will run at 70% of capacity from June, German state secretary Michael Kellner said as he greeted a tanker arriving at the Gdansk terminal in Poland with non-Russian oil en route to the refinery.
Iraq expects Total to begin $27-B energy project in second half of 2023
Iraq expects TotalEnergies to begin operations on a long-delayed $27-B oil, gas and renewables project in the second half of 2023 after finalizing side-contracts with a state oil company.
Iraq says it has had no Turkish reply on northern oil exports
Iraq has not heard back from Turkish state energy company BOTAS on a request to restart oil export flows through a pipeline that runs from the semi-autonomous Kurdistan Region in northern Iraq to the Turkish port of Ceyhan.
Tight market for sour crude oil to squeeze U.S. Gulf Coast refiners
Sour crude oil supplies for U.S. Gulf Coast oil refiners will be squeezed in coming weeks, market participants said, as global demand rises following this mConth's OPEC+ production cut.Sour crude oil supplies for U.S. Gulf Coast oil refiners will be squeezed in coming weeks, market participants said, as global demand rises following this mConth's OPEC+ production cut.
Record U.S. crude exports, rising shale output boosts oil flow to Houston
U.S. crude exports climbed to a record of about 4.5 million bpd in March, spurred by recovering Chinese demand and competitive pricing for U.S. oil.
U.S. could start buying oil for reserve after June sale, energy secretary says
U.S. Energy Secretary Jennifer Granholm told lawmakers her department could start repurchasing oil for the Strategic Petroleum Reserve after completing a congressionally mandated sale next month.
Oil falls 2% on weak U.S. and Chinese economic data
Oil prices fell about 2% to a one-week low as a political standoff over the U.S. debt ceiling stoked recession jitters in the world's biggest oil consumer, while rising U.S. jobless claims and weak Chinese economic data weighed.
- AVTL to develop ammonia terminal in Pipavav, India 6/20
- Chevron seeks buyers for 50% stake in Singapore refinery 6/20
- Asian refiners seek more Mideast oil after spot premiums jump on Israel-Iran conflict 6/20
- Mexican authorities discover clandestine mini-refinery in crackdown of illegal hydrocarbon trade 6/20
- Italy's Eni eyes new unit to manage oil refineries 6/20
- Inatech's Techoil implemented by Flint Hills Resources for a modern, integrated future 6/20
