A tanker with nearly 40,000 tons of Russian diesel is due in New York on Nov. 7 under Treasury's new license, but a 2022 law bans the imports, and customs penalties can be pursued for five years after arrival. #RussianDiesel#Sanctions#Oil
Sinopec's Q3 profit jumped 63.6% to $2 billion as higher oil prices lifted results. But China's top refiner missed the full upside of record refining margins, with domestic fuel demand down 8.6% this year. #Sinopec#China#Oil#Refining
TotalEnergies posted $9.1 billion in Q3 adjusted net income, up 127% from a year ago and above the $8.3 billion analysts expected, as historic refining margins, higher prices and strong trading lifted results. #TotalEnergies#Oil#LNG#Earnings
Oil prices eased after VP JD Vance reached out to Iran's Mohsen Rezaei to restart peace talks. Brent traded at $114.14 and WTI at $101.45, down from Wednesday but still well above early October levels. #Oil#OilPrice#Brent#Iran
US output rose 723,000 b/d to 13.99M b/d in the week to Oct 23, the highest in EIA weekly data back to 1983. Exports jumped 1.41M b/d to 4.85M b/d. New EIA chart every Wednesday. #Oil#Shale#EIA#WTIhttps://t.co/oCueUV080w
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