State oil

Japan

Japan to start releasing state oil reserves on March 26

March 24 - Japan plans to start releasing oil from joint stockpiles ​held by producing nations in the country ‌by the end of March, Prime Minister Sanae Takai…

Oil & Gas Trade

Saudi Aramco and Sonatrach Cut LPG Osps for Nov by 3-4%

Saudi Arabia’s state oil company Aramco and Algeria’s national energy firm Sonatrach have reduced their official selling prices (OSPs) for liquefied…

Oil Refinery

SOCAR Agrees to Buy Oil Refiner Italiana Petroli, Sources Say

Italiana Petroli’s founding Brachetti-Peretti family has agreed to sell the oil refiner to the State Oil Company of Azerbaijan (SOCAR), handing the buyer …

Crude Oil

Venezuela’s State Oil Firm Exporting Crude Grade Previously Shipped by Chevron, Data Shows

Venezuela’s state-owned oil company, PDVSA, has started exporting a heavy crude oil grade previously handled by Chevron since 2022, according to maritime …

Crude Oil

Mexico’s Pemex Increased Crude Shipments to Cuba in 2024, Filing Shows

Mexican state oil company Pemex significantly increased its crude oil exports to Cuba in 2024, boosting shipments by nearly 20%, according to a company filing r…

Oil & Gas Trade

Venezuela’s PDVSA Suspends Oil Loading Authorizations to Chevron, Sources Say

On Thursday, Venezuela’s state oil company, PDVSA, revoked several authorizations previously granted to U.S.-based Chevron for loading and exporting Venez…

Crude Oil

Crude Oil Exports by Mexico’s Pemex Rise 33% in February From January

Crude oil exports by Mexican state energy company Pemex (PEMX.UL) grew 33% in February compared to January, recovering from a tumble the month before but still …

Crude Oil

SOCAR Announces Expected Volume of Euro-5 Gasoline Output in Azerbaijan in 2025

This year, the Heydar Aliyev Oil Refinery is projected to produce 1.7 million tons of Euro-5 standard gasoline, according to the State Oil Company of Azerbaijan…

Natural Gas

Mexico’s Carlos Slim Says ‘Complicated’ Deepwater Gas Project Being Evaluated

Mexican billionaire Carlos Slim holds a press conference in Mexico City, Mexico February 10, 2025.Mexican billionaire investor Carlos Slim said on Monday that h…

Crude Oil

Venezuela’s PDVSA Resumes Light Crude Imports as Output Dwindles

Drilling rigs are seen at an oil well operated by Venezuela's state oil company PDVSA, at the oil rich Orinoco belt, near Morichal at the state of Monagas A…

Oil Price

Oil Little Changed as Trump Policies Continue to Weigh on Prices

An oil pump of IPC Petroleum France is seen during sunset outside Soudron, near Reims, France, February 6, 2023.Oil prices edged up in Asian trading on Thursday…

Oil & Gas Trade

Sri Lanka Signs Landmark $3.7bn Deal with Chinese State Oil Giant

Chinese President Xi Jinping (right) shakes hands with Sri Lankan President Anura Kumara Dissanayake during a signing ceremony at the Great Hall of the People i…

Oil & Gas Trade

US Gulf Coast Fuel Oil Imports Hit Record Low as Latam Deliveries Slow

A view of the state oil company Pemex's Olmeca refinery in Dos Bocas, Paraiso, Mexico June 21, 2024.Fuel oil deliveries into America's largest refining …

Oil&Gas Drilling

SOCAR Enhances Safety Measures Amid Unstable Weather Conditions

Due to the sharp changes in weather conditions, including windy and unstable weather across the country, the "Azneft" Production Association of the State Oil Co…

Crude Oil

Venezuela Sends Crude to India in New Deal

A high-seas oil tango is back on between Venezuela's state oil company PDVSA and India’s Reliance Industries, rekindling a swap arrangement paused by …