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petroleum

Philippines oil refinery secures 2.5 mn barrels of Russian crude

Philippines oil refinery secures 2.5 mn barrels of Russian crude

The Philippines' sole oil refinery has secured nearly 2.5 million barrels of Russian crude out of "extreme necessity", a stock exchange filing revealed Monday, as the country seeks to replenish fast-dwindling fuel reserves. The Philippines has seen the price of fuel hit historic highs since

Trump says Russia can deliver oil to Cuba

Trump says Russia can deliver oil to Cuba

US President Donald Trump said Sunday that Moscow could send oil to Cuba despite Washington's de facto fuel blockade, as a Russian tanker was expected to deliver some much-needed crude to the crisis-hit island. While the shipment would give the country some relief, Trump renewed his

Russian tanker nears Cuba, defying US oil blockade

Russian tanker nears Cuba, defying US oil blockade

A Russian oil tanker under US sanctions is scheduled to arrive in Cuba on Monday, challenging a de facto American fuel blockade of the energy-starved island, shipping data shows. The Anatoly Kolodkin, which is carrying 730,000 barrels of crude, was north of Haiti on Sunday as it headed

Oil climbs, stocks fall as markets see no end to war

Oil climbs, stocks fall as markets see no end to war

Oil prices rose and stocks fell Friday as the United States and Israel struck Iranian nuclear sites, denting optimism over potential talks to end nearly a month of war in the Middle East. US President Donald Trump has extended a deadline for Tehran to open the Strait of Hormuz or

Overnight petrol queues in Ethiopia as war shortages hit

Overnight petrol queues in Ethiopia as war shortages hit

Ethiopians said Friday they slept in their cars in hours-long queues for petrol as shortages caused by the Middle East war began to take their toll. The effective blockade of the Strait of Hormuz by Iran, through which a fifth of the world's oil and gas normally

Cyclone triggers outages at major Australian LNG plants

Cyclone triggers outages at major Australian LNG plants

Some of the world's largest LNG plants were forced shut on Friday by a cyclone off western Australia, squeezing fuel supplies already stretched thin by war in the Middle East. Energy giant Chevron said it suffered outages at its Gorgon and Wheatstone gas plants, which collectively supply more

Mexico blames oil slick on illegal dumping

Mexico blames oil slick on illegal dumping

An oil slick in the Gulf of Mexico affecting hundreds of kilometers of coastline was caused by "illegal dumping" from a ship and exacerbated by seepage from natural sources, Mexican authorities said Thursday. Large blotches of oil have been observed since early March along 600 kilometers (370 miles)