Economics
India to remain top buyer of Russia's Urals crude in December
India is taking most of Russia's Urals crude oil loading in December as it remains top buyer for a second month in a row, according to traders and Refinitiv data.
U.S. begins buying back oil for strategic reserve
The U.S. Energy Department said on Friday it will begin buying back oil for the Strategic Petroleum Reserve, or SPR, the first purchase since this year's record 180 MM barrel release from the stockpile.
India may split planned mega refinery to various sites
India is considering building several refineries instead of a single mega plant planned with Saudi Aramco and Abu Dhabi National Oil Company (ADNOC), due to challenges in acquiring land.
Russia replaces Iraq as top oil supplier to India in November
Russia has for the first time emerged as top oil supplier to India replacing Iraq as refiners last month snapped up oil from Moscow fearing a price cap from Dec. 5 could hit supplies and choke payment avenues, data obtained from trade sources showed.
China's December refined oil exports may hit record near 7 MMt
China may close the year with record shipments of key transportation fuels in December as refiners rush to use their export quotas and maximize overseas profits to compensate for tepid domestic fuel demand caused by COVID-related curbs.
TotalEnergies decides to withdraw its directors from Novatek
Further to its principles of conduct defined for its activities in relation to Russia, published on March 22, 2022, TotalEnergies has gradually started to withdraw from its Russian assets while ensuring that it continues to supply gas to Europe.
TotalEnergies and Air France-KLM sign a 10-year MoU for SAF
TotalEnergies and Air France-KLM have today signed an MoU for the delivery of more than 1 MMcm3/800,000 tons of SAF by TotalEnergies to Air France-KLM Group airlines over the 10-year period from 2023.
Shell Lubricants and Blue Tide Environmental to work together to progress circular economy
Pennzoil-Quaker State Company, a subsidiary of Shell plc, has acquired a 49% interest in Blue Tide Environmental LLC, a company focused on building a global network of lubricant recycling facilities.
U.S. oil refiner Valero, rivals pursue Chevron for Venezuelan crude
U.S. oil refiners that once were regular buyers of Venezuelan crude are jockeying to win access to coming cargoes chartered by Chevron Corp under a newly issued U.S. license, two people familiar with the matter said.
Chevron unlikely to invest more in Venezuela in short term, says CEO
Chevron Corp is unlikely to add investment in Venezuela in the next six months despite a recent U.S. license to allow it to expand its operations in the South American country, Chief Executive Michael Wirth said.
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- LanzaJet and BioD announce feasibility study for SAF plant in Colombia 5/13
- U.S. House targets big climate, clean energy rollbacks in budget proposal 5/13
- Chevron attempting to restart El Segundo, California refinery after taking units offline last week 5/13
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- BASF is expanding its portfolio of raw materials for the production of concrete superplasticizers for the construction industry in the European market 5/13
