Crude oil

India's future crude oil supplies will mostly come from Gulf

India's minister of petroleum and natural gas, Hardeep Singh Puri, said most of his country's crude oil supplies in the near future will come from the Gulf countries, including Saudi Arabia and Iraq, as it seeks a secure and affordable energy base.

Surge in U.S. oil flows to China may curtail Middle East shipments

China's imports of U.S. oil are expected to rise to a 20-month high in September and may increase more in November as refiners take advantage of lower prices amid a surge in U.S. exports from rising output and stockpile releases.

Eight injured in fiery blast at idled Canadian oil refinery

A fire and explosion at an idled oil refinery in Canada's Newfoundland and Labrador province injured eight people before the blaze was contained, Canadian police said.

The downstream rundown: In case you missed it 09/02

In case you missed any downstream news, here are the top stories from last week. These articles include announcements from BASF, Shell, Axens, Petronas and many more. Keep up to date with the latest industry news.

G7 finance ministers agree to Russian oil price cap

The Group of Seven finance ministers plan to implement a price cap on Russian-origin crude oil and petroleum products.

ExxonMobil to sell its share of Aera Energy joint venture

ExxonMobil affiliates have signed an agreement to sell all of ExxonMobil’s interests in the Aera oil-production operation in California to Green Gate Resources E, LLC, a subsidiary of IKAV.

Editorial Comment: Our purpose: 100 yr of striving to deliver technical editorial excellence to the HPI

Nichols, Lee, Hydrocarbon Processing Staff

One hundred years ago, a group of individuals saw a need to disseminate the latest technologies and know-how to improve refining operations, safety, management and profitability. At the time, World War 1 had ended roughly 4 yr prior, and global gasoline demand expanded immensely. In turn, new refining capacity was being built around the world to increase production to satisfy burgeoning demand. Simultaneously, new discoveries were being made to produce plastics, fertilizers and other petrochemical products.

History of the HPI: The 2000s: Net-zero, environmental regulations, capacity acceleration and digital transformation

Nichols, Lee, Hydrocarbon Processing Staff

This final installment of the History of the HPI series details major events in the refining and petrochemicals industry over the past 20 yr, including stricter regulations/initiatives to curb carbon emissions, a safer and more environmentally friendly way to produce and handle chemicals, significant capital investments to boost production capacity and digital transformation.

China's clean marine fuel output seen at record this year

Chinese refiners are expected to produce more than 15 MMt of very low sulphur fuel oil (VLSFO) this year, a record level, as the country allows greater competition in the marine fuel sector

Oil firm Neptune Energy aims for IPO, but not this year

Neptune, founded by the former head of Britain's Centrica Sam Laidlaw, was working on being "IPO ready" but current conditions on financial markets made it difficult to launch one at the moment, CEO Pete Jones said in an interview.