The market for sour crude is tightening as Kuwait is ramping up a large new refinery and cutting exports to divert supply to its new facility.
Diesel Demand Outlook Darkens On China SlowdownERCOT Asks Texans to Conserve Energy Again As Demand Tests LimitsU.S. Sanctions Lebanese Environmental Activist Aiding HezbollahBrazil Looks To Introduce Emissions CapChina Seeks More Secrecy In Its Energy Sector To Protect National SecurityChina Likely Tapped Its Crude Inventories In JulyADNOC Gas Signs LNG Deal With Japanese Energy GiantQuebec Energy Minister Wants Fewer Cars On The RoadsIndia Approves $7B Electric City Bus SchemeU.S.
Gas Prices Hit Year High As Market TightensInvestors Boost Bullish Bets On European Natural Gas PricesTesla Reignites Price War With More Cuts In ChinaGermany Sees Natural Gas Prices Remaining High For YearsLibyan Fighting Stops After Prisoner ReleaseU.S.
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U.S. Gas Prices Hit Year High As Market TightensNational average gas prices in the United States have inched up to $3.873 per gallon from $3.564 a month ago
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Greek-Operated Tankers Ship Less Russian Crude Amid Rising Urals PricesGreek-operated tankers are cutting their volumes of Russian crude after the price of Urals surpassed the US$60/bbl price cap for the first time in July
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China Likely Tapped Its Crude Inventories In JulyChinese refiners likely tapped their crude oil stockpiles in July as processing ramped up while imports slumped from the previous month.
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Russian Crude Oil Discount For India ShrinksThe discount on Russian oil exported to India has shrunk significantly, falling from $30 per barrel last year to as little as $4 per barrel.
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Nigeria Has Lost $46 Billion Worth Of Crude Oil To TheftIn the decade to 2020, Nigeria lost $46.26 billion worth of crude oil to theft, an average of 140,000 barrels per day.
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Saudi Arabia’s Crude Oil Exports Slump To 21-Month Low In JuneThe latest JODI data shows Saudi Arabia’s crude oil exports fell to the lowest level in 21 months in June.
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