By Tsvetana Paraskova of Oilprice.com Amid refinery maintenance and rising domestic fuel prices, Russia is set to cut its diesel exports from its ports on the Baltic and Black Seas by nearly 25% in September […]
The finalisation of Oman’s Duqm refinery complex is a strategic step for China and Iran. The 230,000-bpd Duqm refinery project is crucial in China’s plan to build up a petrochemicals presence in the Middle East. […]
Diesel futures surged to a seven-month high in New York after Marathon Petroleum Corp. said it was shutting the third largest US oil refinery following a blaze at a storage tank. The fire at the Garyville refinery in south […]
(Reuters) U.S. refiner Marathon Petroleum Corp reported a 63% drop in second-quarter profit on Tuesday, as improved fuel supplies and slowing economic activity compressed its margins. Despite resilient fuel demand in the U.S., an increase […]
After lagging for most of this year, the energy sector made a strong comeback on oil price surge. Oil price logged in the best month since January 2022 with crude oil rising more than 15% […]
Saudi Aramco said on Friday it had completed the purchase of a 10% stake in a Chinese petrochemical firm for the equivalent of $3.4 billion as the Saudi oil giant continues to expand its downstream footprint in […]
(Reuters) – A group of refiners plan to file a lawsuit challenging the Biden administration’s rejection of waivers to exempt oil refiners from biofuel blending mandates which has left some on the hook for hundreds […]
It was a week when oil prices moved up while natural gas futures marked a loss. On the news front, the headline came from liquefied natural gas supplier Cheniere Energy’s LNG long-term agreement with a China-based […]
Oil and gas will remain leading sources of energy for decades to come, major industry players echoed during the inaugural Energy Asia conference. “Energy transition is going to take a lot longer, it’s going to […]
HOUSTON, June 21 (Reuters) – U.S. crude oil refining capacity has reversed two years of declines and climbed by more than 100,000 barrels, to 18.1 million barrels per day (bpd), according to a government report […]
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