Saudi Aramco Vice President of Market Analysis and Sustainability Al Mulla says there is underinvestment in oil refining; the loss of 3mln BPD of refining capacity between 2020-2023 created a shock to the system in the current crisis
Newsquawk Staff ·
Saudi Aramco Vice President of Market Analysis and Sustainability Al Mulla says there is underinvestment in oil refining; the loss of 3mln BPD of refining capacity between 2020-2023 created a shock to the system in the current crisis.
- Germany’s oil stockpiling agency EBV issued a tender on Friday to sell diesel, heating oil and crude oil from its strategic reserves, according to a document
- US DoE has authorised an emergency of exchange of up to 400k barrels of crude oil from the SPR, to address crude oil supply disruption that is affecting Phillips 66 Lake Charles refinery (264k BPD) within Louisiana
- US Midterm Preview: Democrats Favoured to Flip the House, Senate Too Close to Call
- UAE Environment Ministry says a tanker oil spill is impacting beaches in Umm al-Quwain
- Japan government considers cutting gasoline subsidies from December, according to officials
Related headlines
- US Baker Hughes Oil Rig Count (Oct/23) 460 (Prev. 459)42 min ago
- Iran has developed plans to target undersea communications cables in the Gulf if the US and Israel launch further attacks, according to two officials speaking to Reuters47 min ago
- The Trump administration plans to introduce voluntary “US Caught Seafood” labels to help consumers identify seafood origins, according to CBS1 hour ago
- Japan is considering classifying energy and AI spending as defence expenditure amid pressure from the Trump administration to increase military budgets, according to Nikkei2 hours ago
- Brazil FinMin Durigan says subsidies could be maintained in 2027 if Brent prices remain elevated, and additional financial resources continue to be available2 hours ago
- Russia's Kremlin says Russian and Ukrainian militaries are working to determine dates for ceasefire talks2 hours ago
- US President Trump says they are "very close" to a deal with Mexico. Canada is working hard to make a deal.2 hours ago
- US President Trump says he discussed the North Sea with the UK PM. Conversation also include Iran and Ukraine.2 hours ago
- US President Trump says "we could end the Iran war very quickly", adds "do we want to finish it or let it within is the question"2 hours ago
- US President Trump is set to speak with UK PM Burnham this afternoon on the Russia-Ukraine situation, BBG reports2 hours ago
- Turkish FM says nobody approves another attack on iran, diplomacy is the only way, following a meeting with European counterparts2 hours ago
- Senior Ukrainian Official says that a ceasefire in Russian-occupied Oleshky is to be established soon2 hours ago
- Week in Focus 26-30th October 2026: FOMC, BoC, RBNZ, ECB, BoJ Policy Decisions, US PCE2 hours ago
- Newsquawk Weekly Economic Release 26th - 30th October 2026 3 hours ago
- Newsquawk European Market Wrap - 23rd October 20263 hours ago