Crude Processing

China's state-owned firm is making a strategic move to resume Venezuelan oil imports after a four-year hiatus.

In the month, Italy's Priolo refinery complex, owned by GOI Energy, witnessed a remarkable surge in US West Texas Intermediate (WTI) crude oil deliveries for the third consecutive month.

In the last month of 3Q, the Spanish Mediterranean port of Tarragona saw a shift in its crude oil deliveries as US West Texas Intermediate (WTI) crude usurped rival grades, establishing itself as the leading supply source.

In a strategic move, Russian private oil producer Lukoil is set to provide a significant financial boost to SOCAR by extending a substantial $1.5B loan.

The Trans Mountain Expansion project, set to triple the volume of crude shipped from Canada's oil sands to its Pacific Coast, is poised to have significant ramifications on the North American energy landscape.

Asian and Persian Gulf refineries are set to maintain their dependence on Middle Eastern crude grades as their primary source of feedstock, regardless of price swings and changes in benchmark spreads.

The government is engaged in negotiations for an early end to the import of Russian crude oil and oil products, a move that would precede the expiration of the country's EU derogation allowing such imports.

Indian oil refining companies are navigating a dynamic landscape marked by strategic decisions and expansion aspirations.

Refiners in Europe are strategically adjusting their crude-oil choices in response to the surge in prices for North Sea sour crudes.

European refineries are grappling with the repercussions of a shift towards a lighter crude slate, prompted by the EU's ban on Russian Urals crude imports.