Diesel
EIA: U.S. crude and fuel inventories climb, refining activity picks up
Crude inventories rose by 574,000 bbl to 427.5 MMbbl in the week ended November 28, the EIA said, compared with analysts' expectations in a poll for an 821,000-bbl draw.
Russia boosts diesel exports by 3% in November despite sanctions, infrastructure damage
Exports of ultra-low-sulfur diesel via Primorsk, Russia’s largest outlet for diesel shipments, surged 39.3% month-on-month to 1.221 MMt as major producers completed seasonal and unplanned overhauls.
Update: bp Olympic Pipeline begins restart process after completing repairs
The Olympic Pipeline moves refined petroleum products including gasoline, diesel and jet fuel from northern Washington to Oregon and consists of one 16-in. diameter pipeline and one 20-in. pipeline.
Mexico's Pemex pumps less, refines more at home in October, data shows
Its seven local refineries refined 43% more year-on-year, reaching 1.04 MMbpd, helped in part by the Olmeca refinery in the port of Dos Bocas, which processed 191,657 bpd.
Rosneft’s Ryazan refinery suspended crude processing after drone strike
Ukraine has ramped up drone attacks deep inside Russia, aiming to knock out oil refineries, depots and pipelines. Ukrainian drones have struck at least 17 major refineries this year.
Global oil refining profits surge and may stay strong
The strength in margins contrasts with crude oil markets coming under pressure from an expected oversupply, and has defied expectations earlier this year that the rally could prove to be a short-term blip due to the impact of tariffs.
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Addis Energy secures $8.3 MM to scale its transformative approach to low-cost ammonia production 12/5
- World Fuel Services supplies cruise line with waste-based biofuels 12/5
- Chevron announced $18 B-$19-B CAPEX budget for 2026 12/5
- Russia and India sign deal to build urea plant in Russia 12/5

