Crude oil
Austria to tap fuel reserves again during refinery outage
Austria said it plans to release fuel from its national reserves for a second time since an accident at the country's biggest refinery in June prolonged an outage that is set to continue at least for another month.
MHIENG wins contract for a FEED study relating to CO2 capture
The objective of this FEED study is to implement the CO2 capture plant at the repowered Genesee Generating Station Units 1 & 2, owned by Capital Power in Alberta.
Hungary fuel price cap could lead to shortages
Hungary's cap on fuel prices should be lifted because it will lead to shortages "sooner or later", the CEO of Hungarian oil and gas company MOL said.
The downstream rundown: In case you missed it 7/8
In case you missed any downstream news, here are the top stories from last week.
Citgo ready to resume oil imports from Venezuela if U.S. authorizes
Citgo Petroleum is willing to resume imports of Venezuelan crude, suspended since 2019 by Washington's sanctions on its parent company PDVSA, if the U.S. government authorizes the flow.
History of the HPI: The 1980s: Oil spike/collapse, liquid crystals, conducting polymers and the rise of AR/VR
Several major impactful events took place in the global oil and gas and petrochemical industries in the 1980s.
Oil refiners, unions press U.S. EPA on biofuel blending costs
Oil refining company and labor union representatives pressed the U.S. Environmental Protection Agency at a virtual meeting last week to lower costs of the nation's biofuel blending program .
EIA estimates show a decrease in global surplus crude oil production capacity in 2022
The EIA's new report, titled Global Surplus Crude Oil Production Capacity, provides estimates of global surplus crude oil production capacity in both OPEC countries and non-OPEC countries.
Shell gets $1 B refining boost, upgrades oil and gas assets
Shell said surging demand for oil products that had almost tripled refining profits in the second quarter would boost earnings by up to $1.2 B.
Oil from U.S. reserves sent overseas as gasoline prices stay high
More than 5 MM barrels of oil that were part of a historic U.S. emergency reserves release to lower domestic fuel prices were exported to Europe and Asia last month.
- ExxonMobil plans 1 Blbs/yr of advanced recycling by 2027 11/22
- Gauging the likely Trump effect on U.S. energy and power sectors 11/22
- Russia's Lukoil restoring cracker at NORSI refinery, gasoline output rising 11/22
- Nigeria's local currency crude sales fall short of target, Dangote refinery says 11/22
- U.S. October gasoline imports hit post-pandemic low on slump in European shipments 11/22
- Clean Hydrogen Works awards McDermott FEED contract for Ascension Clean Energy (ACE) project 11/21
