China
Russia’s July crude oil deliveries to China drop over 7% on year
Russia’s supplies of crude oil to China in July have fallen by 7.4% on the year, as slowing demand limits purchases by refiners.
Category: Oil and Gas
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Equinor
Equinor sees 4% fall in Q2 profit
The Norwegian energy company has seen a fall in its Q2 profits amid lower gas prices in Europe.
Industry News
Fire extinguished at Russia’s Tuapse oil refinery after Ukraine drone strike
A fire at Russia’s Black Sea Tuapse oil refinery has been put out, local officials said on Monday, after a Ukraine drone strike.
Industry News
Fleeing oil tanker reportedly found after collision and fire near Singapore
A fleeing oil tanker has been found after collision and fire near Singapore, with authorities still investigating.
Industry News
Turkey signs agreement for oil exploration in Somalia
Turkey has signed an agreement to explore oil fields in Somalia, building upon previous deals and arrangements.
Alaska
Alaskan federal court overturns sale of oil and gas lease
Alaskan judge suspends a lease related to an oil and gas sale in the Cook Inlet basin, after finding issues with an environmental study.
Industry News
16 crew missing after oil tanker capsizes off Oman’s coastÂ
The tanker, over 100 metres long, reportedly overturned 25 nautical miles southeast of Ras Madrakah, close to the port of Duqm in Oman.
Industry News
Saudi oil cuts prompt IMF to downgrade kingdom’s growth projections
Saudi Arabia has seen its IMF growth projections downgraded, in a move that reflects its recent move to reduce output.