Friday, March 29, 2024
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Ten U.S. oil refineries, including six in Texas, released the cancer-causing chemical benzene in concentrations that exceeded federal limits last year, according to government data published by the green group Environmental Integrity Project on Thursday.

Ten U.S. refineries emitted excessive cancer-causing benzene in 2019: report

The study is based on the first full year of data reported by U.S. refineries since a U.S. Environmental Protection Agency rule was implemented in 2018. The rule requires...
State-owned Indian Oil Corp has signed a deal with Russian oil major Rosneft giving it an option to buy up to 2 million tonnes, or 40,000 barrels per day (bpd) of crude in 2020, the Indian oil minister said on Wednesday.

India’s IOC signs annual deal on option to buy crude from Russia’s Rosneft

India has been diversifying its sources of crude oil imports, in order to hedge political risks that threaten to choke off supplies from a particular region or country.
Pakistan will buy more palm oil from Malaysia, Prime Minister Imran Khan said on Tuesday, to try and compensate after top buyer India put curbs on Malaysian imports last month amid a diplomatic row.

Pakistan pledges to buy more Malaysian palm oil to compensate for India’s withdrawal

India imposed general restrictions on refined palm oil imports, and informally asked traders specifically to stop buying from Malaysia, the world’s biggest producer of the edible oil. Sources said...
The U.S. drilling industry flared or vented more natural gas in 2019 for the third year in a row, as soaring production in Texas, New Mexico, and North Dakota overwhelmed regulatory efforts to curb the practice, according to state data and independent research estimates.

U.S. oil fields flared and vented more natural gas again in 2019: data

Flaring, or deliberately burning gas produced as a byproduct to oil, can worsen climate change by releasing carbon dioxide. Venting releases unburned methane, which is many times more potent...
Oil rises as WHO declares emergency but opposes travel ban

Oil rises as WHO declares emergency but opposes travel ban

Brent crude LCOc1 was up 20 cents at $58.49 a barrel by 1208 GMT but still down 3.6% on the week. Brent crude LCOc1 was...
OPEC aims to extend oil output cuts through June, alarmed by China virus

OPEC aims to extend oil output cuts through June, alarmed by China virus

The quick slide in oil prices over the past few days has alarmed OPEC officials, the sources say, as the new virus found in China and several other countries...
Oil drops below $60 as China virus drives demand concern

Oil drops below $60 as China virus drives demand concern

Crude prices extended declines on Monday, dropping below $60 for the first time in nearly three months as the death toll from China’s coronavirus rose and more businesses were...
Boost for Saudi Arabia as Aramco shares surge 10% on debut

Boost for Saudi Arabia as Aramco shares surge 10% on debut

Saudi Aramco shares surged the maximum permitted 10% above their initial public offering (IPO) price on their Riyadh stock market debut on Wednesday, closing in on the $2...
Copper primed for a pop if U.S./China trade war is resolved

Copper primed for a pop if U.S./China trade war is resolved

Low inventories across the copper supply chain mean that any resolution to the U.S.-China trade war could trigger a snap rally in prices as consumers rush to restock,...
Oil falls as U.S. rights bill fuels tensions with China

Oil falls as U.S. rights bill fuels tensions with China

Oil prices fell for a second day on Thursday after official data showed U.S. crude and gasoline stocks rose and President Donald Trump signed into law a bill...