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Saudi Arabia and India at Odds Over Crude Supply to Possible Joint Refineries

OilPrice

Last month, Saudi Arabia and India agreed to boost energy cooperation, including by potential Saudi investment in two refineries in the worlds third-largest crude oil importer. At the end of April, Saudi Arabia and India agreed to enhance cooperation in the energy sector, including

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India’s Green Hydrogen Bet Gets a $5.6B Boost

OilPrice

India is advancing efforts to boost renewable energy use even as the worlds third-largest crude oil importer is leading global oil demand growth. Indian Oil Corporation, the countrys top refiner, plans to replace fossil fuel-made hydrogen with green hydrogen made from electrolysis at one of its refineries.

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US refinery capacity grew by nearly 40,000 bpd to 18.4 million bpd in 2024

BOE Report

refinery crude oil processing capacity grew by nearly 40,000 barrels per day in 2024 to 18.4 Energy Information Administration said on Friday. million bpd, the U.S.

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Phillips 66 Plans to Reconfigure Refinery to Produce Renewable Fuels

NGT News

Phillips 66, a diversified energy manufacturing and logistics company, says it plans to reconfigure its San Francisco refinery in Rodeo, Calif., The plant would no longer produce fuels from crude oil but instead would make fuels from used cooking oil, fats, greases and soybean oils.

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Saudi Arabia and India Forge Deeper Energy Ties

OilPrice

The worlds largest crude oil exporter, Saudi Arabia, and the third biggest importer, India, agreed on Wednesday to enhance cooperation in the energy sector, including in crude oil and petroleum products supply and the construction of two refineries. In energy, India agreed to

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USA Crude Oil Inventories Drop by Almost 6 Million Barrels WoW

Rigzone

commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR), decreased by 5.8 commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR), decreased by 5.8 Energy Information Administration (EIA) highlighted in its latest weekly petroleum status report.

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Oil set for steepest weekly decline in two years as risk subsides

Oil & Gas 360º

Prices were also supported by multiple oil inventory reports that showed strong draws in middle distillates, said Tamas Varga, a PVM Oil Associates analyst. Energy Information Administration on Wednesday showed crude oil and fuel inventories fell a week earlier, with refining activity and demand rising.

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