Page 10 - Repi Refining News Today

A Chinese research vessel flanked by coast guard and nearly a dozen boats on Wednesday entered a gas block operated by Russian and Vietnamese state firms, two monitoring groups said, another potential flashpoint in the South China Sea.

Saudi oil giant Aramco's first quarter net profit dropped 19% from a year earlier to 119.54 billion riyals ($31.88 billion), it said on Tuesday, due to lower crude prices.

Saudi Arabia's stock market ended higher on Sunday boosted by a slew of strong earnings, although the Egyptian bourse extended losses.

Canada's federal environment ministry on Thursday opened a formal investigation into a months-long tailings leak at Imperial Oil's Kearl oil sands mine in northern Alberta, signalling a potential prosecution.

The Abu Dhabi National Oil Company (ADNOC) has informed at least three buyers in Asia that it will supply full contractual volumes of crude in July, steady from the previous month, trade sources said on Friday.

Portugal's Galp Energia reported on Friday a smaller-than-expected 62% rise in adjusted first-quarter profit as refining margins nearly tripled from a year ago, but crude production and oil prices dropped.

Wage talks between Norwegian oil firms and two labour unions ended in a deal on Wednesday, industry and union officials said, averting the risk of strike action later this year.

SK Innovation Co Ltd , owner of South Korea's top refiner SK Energy, said on Thursday it expects a "solid" refining margin in the second quarter, backed by China's reopening and the summer driving season.

Norway's Equinor beat first quarter profit expectations on Thursday, driven by strong results in energy trading, although earnings were well below last year's record amid a sharp fall in natural gas prices.

Kazakhstan Railways will ban transportation of oil products to the Russian Black Sea port of Taman starting from May 8, according to a document from the state-owned railway operator seen by Reuters on Thursday.