Page 22 - Repi Refining News Today

Saudi Aramco's Jizan refinery is set to increase output of ultra-low sulphur diesel (ULSD) and reduce exports of vacuum gasoil (VGO) as it ramps up production in the second quarter, industry sources said.

The Biden administration plans to send Mexico an "act now or else" message in coming weeks in an attempt to break a stalemate in an energy trade dispute as bipartisan calls grow for the U.S. to get tougher with its southern neighbor, according to people familiar with the discussions.

Saudi Arabian oil giant Aramco affirmed on Sunday its support for China's long-term energy security and development, the company's CEO Amin Nasser said in remarks made before a forum in Beijing.

Qatar's stock market closed higher on Sunday, outperforming other bourses in the Gulf region, as expectations of a pause in rate hikes by the U.S. Federal Reserve lifted investor sentiment.

Reliance Industries Ltd has appointed Srikanth Venkatachari as chief financial officer effective June 1, according a late evening release by the company.

Savannah Energy Plc said on Friday it planned to pursue all its legal rights to contest Chad's move a day earlier to nationalise its upstream assets in the African country.

A U.S. judge has granted four companies the right to seize shares in the parent of refiner Citgo Petroleum Corp (PDVSAC.UL) to collect on debts owed by Venezuela, in the event U.S. sanctions on that country are modified.

The biggest oil traders and energy hedge funds speaking at the FT Commodities Global Summit struck a bullish tone despite banking jitters, and see a jump in oil prices by the year end.