Economics
Colombia cops seize 7.3-MM gallons of crude in raids on illegal refineries
Colombian police have seized more than seven million gallons of crude oil in raids on illegal refineries, in an operation targeting production of bootleg fuel in Norte de Santander province.
bp's Indiana (U.S.) refinery back to normal operations after Feb outage
bp’s 435,000-bpd Whiting, Indiana (U.S.), refinery has returned to normal operations for the first time since a February plantwide power outage.
Iraq to curb oil exports to compensate for overproduction
Iraq will reduce its crude exports to 3.3 MM bpd in the coming months to compensate for any rise above its OPEC+ quota in January and February.
Belgian government delays export fuel quality legislation
The Belgian government could pass its proposed legislation to tighten the quality of exported fuels as late as June now, missing its previous target of the second half of March 2024.
Italy's Saras reports drop in 2023 core profit of refined products ahead of Vitol's takeover
Saras reported a 41% fall in its full-year comparable core earnings due partly to weaker profitability of refined products, as global commodity trader Vitol prepares to take over the Italian oil refiner later this year.
The Fly Up: Heathrow launches renewable biofuel breakfast
A first of its kind breakfast at Heathrow, named The Fly Up, which is cooked with oil that is then cleaned and recycled into renewable biofuels, has taken off.
Singapore's middle distillates stocks hit highest in 2-1/2 years as exports dip
Singapore's middle distillates stockpiles surged by 8% week on week to hit a fresh high since September 2021 as net exports of both diesel/gasoil and jet fuel/kerosene slipped by 98% and 26%, respectively.
Fortescue conducts world's first ammonia bunker trial in Singapore
Fortescue has conducted the world's first ammonia marine bunker operation in the port of Singapore, the city-state's Maritime and Port Authority and the Australian mining company said.
Sanctioned tanker NS Century reaches China port to discharge Russian oil
The oil tanker NS Century, which is under sanction by the U.S., arrived at the Chinese port of Qingdao late to discharge its cargo of Russian crude oil, LSEG shipping data showed.
First carbon capture pilot rig delivered by Compact Membrane Systems
Compact Membrane Systems announced that it has delivered a carbon capture pilot rig to OMV, a leading petrochemical company in Austria.
- John Cockerill, Johnson Matthey and ETFuels partner for 120,000-tpy Texas (U.S.) e-methanol project 12/24
- Saudi Arabia was top buyer of Russian fuel oil and VGO in November 12/23
- Digital Exclusive (sponsored): NXRe™: A novel recycling technology to support the plastics industry in creating efficient and effective circular value chains 12/22
- Portugal's Galp plans to start producing biofuels in 2026 12/20
- Prax and Shell call off deal on stake in PCK Schwedt oil refinery 12/20
- Nigeria's Dangote Refinery hits 85% refining capacity 12/20
