Crude oil
EIA: U.S. crude stocks fell last week as exports jumped
U.S. crude and distillate inventories fell in the week ending December 13 as exports surged, while gasoline stockpiles rose.
Neste introduces co-processed renewable Neste RE feedstock for the polymers and chemicals industry
By co-processing renewable raw materials such as used cooking oil together with fossil crude oil in its conventional oil refinery in Porvoo, Finland, Neste is able to produce a complementary type of Neste RE, a drop-in feedstock for the production of plastics and chemicals.
Vitol agrees to acquire 66.84% of plastics recycling company WPU
Vitol B.V. has entered into a conditional agreement to acquire a controlling interest in Waste Plastic Upcycling A/S (WPU). On completion, which is subject to certain conditions precedent, Vitol will own 90.36% of the share capital of WPU.
Phillips 66 outlines nearly $3-B capital program for 2025
Phillips 66 announced a 2025 capital budget of $2.1 billion, including $998 million for sustaining capital and $1.1 billion for growth capital.
Technical teams inspecting Libya's Zawiya refinery after fire
Technical teams at Libya's Zawiya refinery were carrying out inspections on Monday after a fire broke out in several reservoirs the previous day. Libya's National Oil Corporation declared force majeure on Sunday after reservoirs at the Zawiya refinery were severely damaged due to ongoing clashes between armed groups in its vicinity.
China Nov. refinery throughput rises for first time in eight months
China's refinery throughput in November recorded its first rise in eight months, official data showed on Monday, as Beijing's economic stimulus measures began to underpin manufacturing activity and oil demand.
Gazprom Neft plans to boost refined fuels output in 2025
Gazprom Neft plans to increase investment in major projects in 2025, and expects to increase oil refining and output of light oil products, the company's head, Alexander Dyukov said.
China’s refined oil consumption peaked in 2023, CNPC says
China's refined oil consumption peaked in 2023 at 399 MM tonnes (t) (7.98 MMbpd) and is expected to fall 1.3% to 394 MMt in 2024, the CNPC Economics & Technology Research Institute said on Friday
Iranian oil prices to China hit new multi-year highs as sanctions hit shipping
The price of Iranian crude oil sold to China has risen to the highest in years as fresh U.S. sanctions have tightened shipping capacity and driven up logistics costs.
EIA: U.S. crude stocks fall, fuel inventories rise on robust refining
U.S. crude inventories fell for the third time in a row, while fuel stockpiles rose in the week ending December 6, the U.S. Energy Information Administration (EIA) said, as refinery activity remained seasonally strong.
- IHI, Vopak to launch ammonia terminal project in Japan 7/11
- India's BPCL plans to shut Bina refinery unit for 15-day maintenance in August 7/11
- Soaring electric truck sales deal new blow to diesel use in China 7/11
- Russia`s Tatneft launches new hydrocracking unit on TANECO refinery 7/11
- IEA: Global oil market may be tighter than it looks 7/11
- India must boost its petchem output to counter China's dominance, Reliance says 7/11
