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China, India Top buyers of Russian Seaborne Fuel Oil, VGO in Feb, LSEG Data Shows

CDN and International News, Conventional Energy, Latest, Oil / By

China and India remained the top destinations for Russian seaborne fuel oil and vacuum gasoil (VGO) exports in February, with both countries continuing to buy the fuels to partially replace crude oil, traders said and LSEG data showed. Since the European Union’s full embargo on Russian oil products went into effect in February 2023, the …

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U.S. Oil Refiners’ Weekly Capacity Seen up 231,000 Bpd, IIR Says

Energy Topics & Technology, Latest, Refineries, US News / By

U.S. oil refiners are expected to have about 1 million barrels per day (bpd) of capacity offline for the week ending April 12, increasing available refining capacity by 231,000 bpd, research company IIR Energy said on Wednesday. Offline capacity is expected to fall to 994,000 bpd in the week ending April 19, IIR added. The …

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Shell at Disadvantage to U.S.-Listed Rivals, says Former CEO

Energy Topics & Technology, Exploration & Production, Latest, US News / By

Shell’s former CEO, Ben van Beurden, said on Tuesday that European oil and gas companies will find it increasingly difficult to compete with U.S.-listed rivals. There are “a deeper pool of investors and capital in New York and the attitude is more positive towards oil and gas companies,” van Beurden, who stepped down in 2021, …

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APA Corporation announces updates to Executive Leadership

Latest, Press Releases / By

HOUSTON, April 09, 2024 (GLOBE NEWSWIRE) — APA Corporation (Nasdaq: APA) has announced updates to its executive leadership team to coincide with a restructuring of its development function and the integration of the recently closed acquisition of Callon Petroleum. The changes are effective immediately. “Building on the momentum of our recently closed acquisition, we are …

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