Crude oil
Russia to lift gasoline export ban
The Russian government has made a final decision to suspend the temporary ban on gasoline exports as the market is sufficiently supplied. The Energy Ministry has confirmed the information.
Mexico president's “dream” Pemex refinery hits another delay
Mexican state energy company Pemex started sending 16,300 bpd of crude oil to its new Olmeca refinery this week, less than 5% of its total capacity, signaling another delay.
China boosts crude oil storage amid soft refinery processing
The pace at which crude oil flowed into China's stockpiles increased in April as slower refinery processing outweighed a decline in imports.
Pakistan-China to sign MoU on oil-to-chemicals complex in June
During Prime Minister Shehbaz Sharif's visit to Beijing in June, China and Pakistan are expected to sign a memorandum of understanding (MoU) on a crude-to-petrochemical refinery project.
China biofuel makers bet on sustainable aviation fuel
Biofuel firms are pouring more than $1 B into building China's first plants to turn waste cooking oil into aviation fuel for export and meet domestic demand, once Beijing mandates the fuel's use on airplanes to cut emissions.
China's refinery output falls for first time in 20 mos due to maintenance
China's refinery output fell 3.3% in April from a year earlier, the first annual decline in 20 mos, as large refiners carried out regular maintenance and small independent plants curbed production due to thin profit margins.
Oil prices rise after positive U.S. economic data
Oil futures rose on Thursday bolstered by slower than expected inflation and a stabilizing U.S. job market, providing positive signs for future rate cuts and demand.
Nigeria's Dangote refinery tenders for steady supply of U.S. crude oil
Nigeria's Dangote refinery is in the market for 2 MMbbl of West Texas Intermediate (WTI) Midlands crude every month for a year starting in July.
Singapore middle distillate stocks tumble to nearly three-month low
Singapore's middle distillates stocks slid to a nearly three-month low this week, falling below 11 MMbbl for the first time in a month as gains in jet fuel/kerosene net exports offset declines in diesel/gasoil net exports.
China's CNCEC to build 300,000-bpd Al-Faw refinery in Iraq
China's National Chemical Engineering Company (CNCEC) has inked a deal with the Southern Refineries Company to build a 300,000-bpd refinery in Al-Faw, Iraq.
- Topsoe fuels China’s push for sustainable aviation fuel: Selected as technology provider for major project 1/23
- Europe set for record LNG imports in 2026 1/23
- Plug Power completes installation of 100-MW GenEco electrolyzer units at Galp’s Sines refinery 1/23
- Reju announces site selection for first U.S. industrial-sized facility regeneration hub 1/23
- Engineering a low-cost alternative catalyst for producing sustainable petrochemicals 1/23
- New report identifies methanol-to-jet as a key accelerator of the next wave of sustainable aviation fuel 1/23
