Middle East
Saudi diesel imports from Russia, exports to Singapore hit records
Leading crude exporter Saudi Arabia is maximizing refining profits by importing unprecedented amounts of cheap Russian diesel and in turn shipping record volumes to Singapore, where the fuel can achieve higher margins, shiptracking data shows.
Oil prices up amid OPEC+ supply cut uncertainty
Oil prices ticked up as the market weighed conflicting messages on supply from Russia and Saudi Arabia ahead of the next OPEC+ policy meeting.
Russia leaning towards leaving oil output unchanged ahead of OPEC+ meeting
Russia is leaning towards leaving oil production volumes unchanged ahead of an OPEC+ policy meeting in June because Moscow is content with current prices and output.
Air Products signs $1-B deal for processing facility in Uzbekistan
Industrial gases maker Air Products and Chemicals said it had signed a $1-B deal with the Republic of Uzbekistan government and Uzbekneftegaz JSC to acquire, own and operate a natural gas processing facility in the country.
Oil prices buoyed by Saudi warning and falling U.S. stockpiles
Oil prices rose, driven up by tightening U.S. inventories and a warning from the Saudi energy minister that raised the prospect of further OPEC+ production cuts.
Oil prices rise on concerns over tightening supply
Oil prices gained after U.S. oil and fuel supplies tightened and as a warning from the Saudi energy minister to speculators raised the prospect of further OPEC+ output cuts.
Iraq awaits final answer from Turkey to resume exports
Iraq is still waiting for a final answer from Turkey to resume its northern oil exports, which run from the semi-autonomous Kurdistan region to the Turkish port of Ceyhan, Iraq's oil minister Hayan Abdel-Ghani said.
Oil rises on supply outlook, Saudi speculator warning
Oil rose supported by optimism the U.S. would avoid a debt default, a tighter market outlook and a warning from the Saudi energy minister to speculators that raised the prospect of further OPEC+ cuts to support the market.
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.
bp targets farms and feedstock as biofuel race gathers pace
bp is considering buying stakes in biofuel feedstock producers and investing directly in farming ventures to secure supplies as the global race for the low-carbon fuel gathers pace.
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