Impact of record Chinese runs to fade on new capacity OECD refineries start Sep maintenance later than expected The International Energy Agency has raised its 2023 and 2024 forecasts by around 160,000

Acquires 10% stake from Carbon Catalyst Poseidon to store 40 mil mt/year from 2029 Estimated total storage capacity 1 billion mt German oil and gas producer Wintershall Dea has joined the Poseidon car

Jan Sep fuel oil imports more than double Pay $1.40/mt more to import using quotas for state run firms M100 offers at MOPS 380 CST plus $70 $75/mt China's small independent refineries expect the gover

Macroeconomic headwinds to be felt in 2024 China Sep oil demand hits all time high on petchem boom OPEC+ seen producing 900,000 b/d less than demand for its crude in Q4 The International Energy Agency

Hyundai Oilbank to ship over 3.6 mil barrels to US next year Selling prices unknown Refiner likely to raise crude throughout in 2024 South Korea's smallest oil refiner Hyundai Oilbank will export more

July Sep crude output drops 2% on year to 5.25 mil mt Sees production decline from matured, marginal fields Signs crude sales agreements with MRPL, HPCL following marketing freedom India's state run O

Refiners switch to lighter crudes, diesel imports seen rising Sverdrup output in question as Phase 3 FID awaited Loss of Russia's Urals seen drawing in additional sour crudes Norway's Johan Sverdrup c

Renewable marine fuels several times costlier than fuel oil Yara International a notable ammonia producer The cost of fuel in shipping's energy transition will rise alongside the costs of compliance a

'Exaggerated negative sentiments' to blame for recent slump Points to sturdy economic growth in the US and China Market should tighten significantly if OPEC forecasts hold Oil market fundamentals are

Italy origin cargoes drop by 86% on year: ITC High feedstock OX prices, low downstream demand Europe sees negative margins US imports of phthalic anhydride from Italy through September dropped by 86%