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Crude Processing At One of Europe’s Top Refineries Goes Offline

OilPrice

BPs refinery in Rotterdam had both its crude units offline on Tuesday morning, Reuters reports, citing energy consultancy Wood Mackenzie. A crude unit with a capacity of 200,000 barrels per day (bpd) went offline early on Tuesday. This follows the shutdown of the other 200,000 bpd crude unit in early May for planned maintenance.

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Saudi Crude Supply to China Set for One Year Low in April

OilPrice

Spring maintenance at some large state-controlled refineries in the worlds top crude oil importer is the key reason for the low volumes that Saudi Arabia has allocated for April. These amount to about 34 million barrels, down from 41 million barrels allocated for March, according to Reuters data.

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Iran Oil Exports to China Shrink

OilPrice

sanctions and refinery maintenance, Bloomberg has reported, citing data from Vortexa. million barrels of crude to China daily, which was 20% lower than export flows in May 2024. Crude oil exports from Iran to its biggest buyer, China, shrank last month on tighter U.S. Per that data, Iran shipped a little over 1.1

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Weak refinery, export demand weakens prices for Midland crude along Texas coast

Oil & Gas 360º

(Investing) –HOUSTON – The price spread between WTI Midland crude in West Texas and Houston has narrowed this year as cold weather hurt Permian production, driving up prices, but weaker refinery and export demand on the U.S. That compared to an average of 50 cents a barrel a year ago, when record crude production at the top U.S.

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Asia’s Fuel Imports Slump to Five-Year Low

OilPrice

Asias imports of refined petroleum products plunged in April to the lowest level since 2020, due to higher spring refinery maintenance at key fuel exporters in the region and softer demand for gasoline and diesel. million barrels in April, down from 195.54 Asias imports of light and middle distillates slumped to 166.37

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US crude inventories rise, fuel draws down amid ongoing maintenance, EIA says

BOE Report

crude oil stockpiles rose and fuel inventories fell last week as seasonal refinery maintenance season ticked along, the Energy Information Administration (EIA) said on Wednesday. million barrels to 435.2 Crude inventories rose by 1.4

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Asian Buyers Increase Purchases of Murban Oil

OilPrice

A substantial drop in the spot market price for Emirati crude has triggered a demand surge from Asia, Reuters reported today, citing data for a record trade of 10 million barrels of Murban crude on an S&P Global Platts market-of-close basis this month.

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