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Mexico’s Pemex payment crisis: suppliers threaten July shutdown

Oil & Gas 360º

(BOE Report) – The Mexican association that groups major global oil services companies warned that it is going through an “unprecedented crisis” due to the lack of payments from the state-owned oil company Pemex, the world’s most indebted energy company.

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One in Five Refineries Faces Shutdown Despite Rising Fuel Demand

OilPrice

Refineries are switching to biofuels or shutting down due to hostile regulationsbut demand for oil products is growing. This could result in either a market imbalance that will make these products more expensive or a geographical imbalance, which those who care about supply security wouldnt like.

Refinery 360
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Russia Expands Halts to Oil Export Capacity in the Black Sea

OilPrice

Russia has ordered a 90-day halt to one of several berths at the port of Novorossiysk, its key Black Sea oil export route, a day after it ordered the temporary shutdown of two of three moorings at the key export terminal for Kazakhstans oil.

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Wildfires Shut Down 350,000 Bpd of Alberta Oil Output

OilPrice

Canadas Alberta province is facing one of its worst early-season wildfire crises in recent memory, with industry officials confirming on Monday that over 50% of the provinces oil production has been forced offline as flames sweep through critical infrastructure zones. The shutdown equates to roughly 1.3

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Israel’s Haifa Oil Refinery Damaged in Missile Strike

OilPrice

Oil started the week with a gain, after an Iranian missile attack caused damage to the Haifa refinery in Israel over the weekend, prompting a partial shutdown, Israeli media reported, saying the facility remained operational. At the time of writing, Brent crude was trading at $74.83 per barrel, with West Texas Intermediate at $73.77

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Offline for a Decade, Libya’s Mabruk Field Restarts Production

OilPrice

Libya has resumed production at the Mabruk oilfield after a decade-long shutdown, the Tripoli-based Government of National Unity (GNU) revealed on Wednesday. According to the Chairman of Libyas National Oil Corporation, Masoud Sulaiman, Libya plans to increase its oil output from 1.4 mb/d currently to 2 mb/d in 2028.

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Mexico’s Pemex payment crisis: suppliers threaten July shutdown

BOE Report

The Mexican association that groups major global oil services companies warned that it is going through an “unprecedented crisis” due to the lack of payments from the state-owned oil company Pemex, the world’s most indebted energy company.