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Crude oil

China sets minimum size for new refiners as it caps overall capacity

China has set a minimum size for new oil refineries and will ban small crude processors that claim to be chemicals or bitumen producers under its plan to limit total capacity at 1-B metric tons by 2025.

Japan's Eneos shuts crude distillation unit at Sakai oil refinery

Japan's biggest oil refiner, Eneos Corp, shut the 141,000 bpd crude distillation unit at its Sakai refinery on Oct. 16 after a glitch.

Saudi minister says oil firm acquisitions show that hydrocarbons 'here to stay'

Saudi Energy Minister Prince Abdulaziz bin Salman said that acquisitions by major oil firms such as Chevron's $53 B all-stock deal to buy Hess showed that hydrocarbons were here to stay.

Trafigura seeks to charter tanker to export Venezuelan fuel oil

Global commodities trader Trafigura is seeking to charter at least one large tanker to export Venezuelan fuel oil, a move that follows this week's easing of U.S. sanctions on the OPEC country's energy industry.

Sonangol partners with Chinese CNCEC to build Lobito refinery

Sonangol and China National Chemical Engineering Company signed, in the city of Lobito, Benguela, a contract for the construction of the Lobito Refinery.

Vietnam seeks Saudi Aramco's investment in petrochemicals, oil refining

Vietnam is seeking investment from oil giant Saudi Aramco in its petrochemical and oil refinery projects, the Southeast Asian country's government said.

China's September oil refinery throughput surges to record daily rate

China's oil refinery throughput in September hit a record daily rate up 12% from a year earlier as refiners increased run rates to cater for strong demand for transport fuel over the Golden Week holiday and improving manufacturing.

Uganda to announce oil refinery bid winner next month

Uganda expects to announce the winning bidder among four groups competing for a new 60,000 bpd oil refinery next month.

Pemex shuts large CDU at Deer Park, Texas (U.S.) refinery

Pemex shut down the 270,000 barrel-per-day crude distillation unit at its Deer Park, Texas, refinery on Monday because a process line ruptured.

Russia-China oil and gas cooperation in focus as Putin visits Xi

Beijing has rejected Western criticism of its growing partnership with Moscow in light of Russia's conflict in Ukraine and it insists the ties do not flout international norms, and China has the prerogative to collaborate with whichever country it chooses.