Israel's Oil Refineries (ORL) (ORL.TA) swung to a profit in the second quarter as it continued to recover from coronavirus fallout, and said it would undergo a gradual transformation into renewable energy.
India's biggest gas importer Petronet LNG (PLNG.NS) said on Saturday said some of its customers have deferred imports of spot liquefied natural gas (LNG) due to high prices, which have made supplies under long-term deals more attractive.
South Korean and Chinese refiners have snapped up at least 5 million barrels of U.S. Mars crude loading in September, taking advantage of lower prices in recent weeks, industry sources said.
Oil major Chevron Corp (CVX.N) is postponing the full return of employees in California and Texas, joining a clutch of companies like Facebook Inc (FB.O) and Amazon.com Inc (AMZN.O) that have done the same because of a resurgence in coronavirus cases related to the fast-spreading Delta variant.
U.S. oil major Exxon Mobil Corp (XOM.N), along with Chevron Corp (CVX.N), is seeking to bulk up in the burgeoning renewable fuels space by finding ways to make such products at existing facilities, sources familiar with the efforts said.