Crude oil

Shell cuts output at German Rhineland refinery due to drought

Shell said it had to cut output at its German Rhineland refining facility, which makes fuels, heating oil and petrochemicals, citing low Rhine levels that have made the transport of goods via the river more challenging.

Brazil's antitrust watchdog postpones decision on Petrobras' refinery sale

Brazil's state-run oil company Petrobras said it has signed a contract to sell the REMAN refinery in the northern state of Amazonas for $189.5 MM to Ream Participações S.A., a subsidiary of distributor Atem.

Shell to shut Gulf of Mexico crude pipes for two weeks in September

Shell said this week it plans to shut for two weeks in September a key crude oil pipeline in Gulf of Mexico that supplies oil to Louisiana refineries.

Turkish re-refinery completes one year of operations

The plant is capable of processing 60,000 metric tons per year of the waste oil into high quality API Group II+ base oil, meeting the most stringent specifications for sulphur, VI, volatility and even polyaromatic hydrocarbons concentrations.

PDVSA pauses oil-for-debt shipments to Europe, wants product swaps

Venezuela has suspended new crude shipments to Europe under an oil-for-debt deal and has asked Italy's Eni and Spain's Repsol to provide it with fuel in exchange for future cargoes.

IIR Energy grants Kpler access to its refinery data

Through the partnership, Kpler obtains the exclusive right to combine IIR Energy’s refinery data with its own flows and inventories data, to create a new benchmark for crude and refined product market analysis.

Mexico's Pemex requests $6.5 B more funding for 'Dos Bocas' refinery

Pemex requested this week almost $6.5 B in additional funding from the government to pay for works at the 'Dos Bocas' refinery this year.

How China manages refined fuel exports

China's refined fuel exports are likely to sink in 2022 to the lowest in seven years as the country seeks to maintain ample domestic supplies while refinery output posts a rare decline.

Third oil storage tank collapses in Cuba terminal following fire, spill

A third crude tank collapsed at Cuba's Matanzas terminal following a spill from a second tank that caught fire on Saturday, in the biggest oil accident in decades in the island.

Idemitsu restarts 150,000-bpd Hokkaido CDU on July 25 after maintenance

Japan's second-biggest oil refiner Idemitsu Kosan Co restarted the 150,000 bpd crude distillation unit at its Hokkaido refinery in northern Japan on July 25 after maintenance.