Crude oil
Nuberg EPC, EDL sign technical collaboration agreement across several industries
Nuberg EPC and EDL Anlagenbau Gesellschaft mbH (a Pörner Group Company) have signed a Technical Collaboration Agreement to explore engineering and sustainable development opportunities across industries including fuel oil refineries, petrochemical industries, green hydrogen derivatives and sustainable process technologies to accelerate technological excellence and environmental responsibility.
U.S. order allows Puerto Rico to shore up ailing power grid with fuel oil plants
U.S. Energy Secretary Chris Wright issued an emergency order on Friday that will allow Puerto Rico's state-owned utility to plug chronic electricity shortfalls on the island with electricity from oil-burning power plants without running afoul of environmental laws.
China's April refinery output fell 1.4% year-on-year
China's crude oil throughput fell in April from a year earlier, official data showed on Monday, due to maintenance at state-owned refineries and as independent plants curbed output amid poor margins.
Russia's idle oil refining capacity revised up by 30% in May
Russia's offline primary oil refining capacity has been revised up by 29.5% in May from the previous plan to 3.41 MM tonnes (t).
Insight: Lifting U.S. sanctions on Iran could crush China’s 'teapot' oil refineries
The possible lifting of U.S. sanctions on Iran's oil exports could deal a fatal blow to independent Chinese refineries that have thrived by processing Tehran’s discounted crude, while also putting further downward pressure on oil prices.
Lotte Chemical to start operating Indonesia cracker in H2 2025
The new cracker which has the capacity to produce 1 MMtpy of ethylene is part of a $3.95 billion project at Cilegon, in Indonesia's Banten province.
U.S. EPA to rule on backlog of small refinery biofuel exemption requests
There are 161 applications for exemptions from the U.S. Renewable Fuel Standard pending. The EPA's decision will have significant implications for the multi-billion-dollar credit market that underpins the biofuel program.
UAE to up value of U.S. energy investments to $440 B by 2035
The United Arab Emirates plans to raise its energy investments in the United States to $440 B in the next decade, it said on Friday, boosting U.S. President Donald Trump's efforts to secure major business deals on a Gulf tour.
With U.S. trade war, China now top buyer for Canadian crude on Trans Mountain pipeline
China has emerged as the top customer for Canadian oil shipped on the expanded Trans Mountain pipeline, ship tracking data showed, as a U.S. trade war has shifted crude flows in the year since the pipeline started operating.
Asia's refined fuel imports drop, but margins still hold
Asia's imports of key refined fuels such as gasoline and diesel fell to the lowest in four years in April, driven by a combination of refinery maintenance and weaker demand in the top-importing region.
- AVTL to develop ammonia terminal in Pipavav, India 6/20
- Chevron seeks buyers for 50% stake in Singapore refinery 6/20
- Asian refiners seek more Mideast oil after spot premiums jump on Israel-Iran conflict 6/20
- Mexican authorities discover clandestine mini-refinery in crackdown of illegal hydrocarbon trade 6/20
- Italy's Eni eyes new unit to manage oil refineries 6/20
- Inatech's Techoil implemented by Flint Hills Resources for a modern, integrated future 6/20
