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Crude
Crude Oil
China’s Sinopec Upgrading Xinjiang Refining and Chemical Projec
China’s Sinopec has launched construction work to upgrade its integrated refining and petrochemical project in Xinjiang, the company announced on Saturday…
Crude Oil
Russian Oil Output Rises in August, OPEC Data Shows
Russian oil production rose in August to 9.173 million barrels per day, an increase of 50,000 barrels per day compared with July, according to OPEC’s mont…
Crude Oil
India Will Keep Buying Russian Oil, Finmin Says
India’s Finance Minister Nirmala Sitharaman said on Sept. 5 that the country will continue to purchase Russian oil, noting the importance of securing ener…
United States
Ingevity to Sell Crude Tall Oil Refinery in West Virginia
Ingevity Corp., based in North Charleston, West Virginia, has signed a definitive agreement to sell its North Charleston crude tall oil (CTO) refinery assets an…
Crude Oil
Colombia’s Oil and Gas Production Fall in July
Colombia’s oil and natural gas output declined in July compared with the same period last year, the National Hydrocarbons Agency announced in a statement …
Crude Oil
WoodMac Deems Recent US Oil Find as Gulf of America’s Biggest Discovery in Eight Years
Talos Energy has announced a significant oil discovery at the Daenerys prospect in the Walker Ridge area of the Gulf of America, marking a notable achievement i…
Crude Oil
Orlen Signs 12-Month Deal With Equinor for Supply of 15% Oil It Uses
Polish refiner Orlen has entered into a one-year agreement with Equinor, a Norwegian energy company, to supply over 6 million tons of crude oil. This contract, …
Crude Oil
China Still Storing Crude Oil Even as Refinery Runs Rise
In July 2025, China’s refineries increased processing rates but maintained a crude oil surplus of 530,000 barrels per day (bpd), driven by robust imports …
Crude Oil
China’s Zhenhua Oil Doubles Crude Offtake From UAE in New Deal, Sources Say
On Thursday, industry sources announced that China’s Zhenhua Oil will double its crude oil offtake from the Abu Dhabi National Oil Company (ADNOC) to 200,…
Crude Oil
US Crude Production to Hit Record 13.41 Million Bpd in 2025 Before Falling, EIA Says
The U.S. Energy Information Administration (EIA) released a monthly report on August 12, 2025, projecting U.S. crude oil production to reach a record 13.41 mill…
Crude Oil
China’s July Crude Oil Imports up 11.5% Year-On-Year
China’s crude oil imports in July 2025 increased by 11.5% compared to the same month last year, reaching 47.2 million metric tons, or 11.12 million barrel…
Oil Refinery
India’s Biggest Refiner Buys US, Middle East Crude as Trump Slams Russia Purchases
Indian Oil Corporation (IOC), India's largest refiner, has secured 7 million barrels of crude oil from the United States, Canada, and the Middle East for Se…
Renewable Diesel
Canada’s Imperial Oil Posts Lower Quarterly Profit; Announces First Production From Renewable Diesel Plant
On Friday, Imperial Oil, a Calgary, Alberta-based oil producer, reported a decrease in second-quarter profit, primarily due to lower crude oil prices and reduce…
Crude Oil
Mexico Exports 39% Less Crude Oil in June, Lowest Level in Decades
In June, Mexico's state-owned oil company, Pemex, experienced a 39% decrease in crude oil exports compared to the previous year, marking the lowest export l…
Crude Oil
Thailand’s PTTEP Buys 50% of Offshore Gas Block From Chevron for $450 Million
Thai oil and gas company PTT Exploration and Production (PTTEP) announced a $450 million deal to acquire a 50% stake in Block A-18, located in the Malaysia-Thai…
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