Refiners have said they are doing their best to reduce use of natural gas as the market is squeezed by Russian supply shutoffs stemming from the conflict in Ukraine.

Japex attributed its downward revision from an May 13 outlook to decreasing crude oil sales from the Gharraf oil field in Iraq because of an expected drop in equity allocation volume on account of higher crude oil prices.

Deliveries to Hungary, Czechia and Slovakia were halted Aug. 4 after a payment for transit was returned to Transneft, due to EU regulations, the company said in a statement.

Earlier, Transneft said it had suspended oil deliveries on Aug. 4 to Hungary, Czechia and Slovakia, shutting down a significant volume of Druzbha pipeline supplies to central Europe.

France's TotalEnergies reported overall higher throughput at its refineries in Q2 as they increased their utilization rate to nearly 90%.

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