Phillips 66 Considers Buying US LNG, Hires Staff in New Push

By and Phillips 66 is looking to buy liquefied natural gas from the US through long-term contracts and is hiring staff in Houston to do this, according to people familiar.…

Saudi Crude Sales to China Set for October Jump amid Deep Price Cut

Saudi Arabia’s crude shipments to China are expected to rebound in October to a level with the August volumes of more than two-year highs, after Saudi state oil giant Aramco…

India Plans Massive Carbon Capture Incentives as Coal Remains King

India is set to launch a nationwide carbon capture and storage program with government incentives of up to 100% of funding for some projects as it aims to reduce emissions…

Saudi Arabia Offers Deeper Crude Discounts to Asian Buyers

Aramco has urged Asian buyers to buy more Saudi crude for October loading after the world’s top crude exporter slashed its prices for Asia for next month, Reuters reported on…

Russian Oil Revenue Crashes To Multi-Year Low

Russia’s crude and fuel export revenue slumped by $920 million in August compared to July, the International Energy Agency (IEA) estimates in its latest monthly report.  The discounts of Russian…

Iraq Eyes New Oil Export Route Through Oman

Iraq plans to build an oil pipeline to Oman as OPEC’s second-largest producer seeks to boost exports and diversify export routes for its crude out of the Middle East.   Iraq…