Economics
India shaping up as refining hub, to rely on fossil fuels until 2040
India, the world's No.3 oil importer and consumer, is expected to rely on fossil fuels until at least 2040 and is positioning itself as a refining hub, Oil Minister Hardeep Singh Puri said.
US refiner margins to stabilize next year as plant closures cut supply
U.S. refiner margins for gasoline and diesel will be relatively unchanged next year, the U.S. Energy Information Administration said, signaling relief for fuel producers who saw profits slump sharply since 2022 on slowing demand growth.
Germany blocks oil firms from using past emissions credits to support biofuel industry
The German cabinet approved reforms to restrict oil companies from carrying excess emissions reductions credits forward, in a step aimed at boosting the biofuel industry that was hit by a quick drop in carbon prices in recent years.
Japan refiners maintain profitability in H1, outperform Asian rivals
Net income at Japanese oil refiners fell in the first half of their fiscal year, but they maintained profitability and outperformed their South Korean rivals as strong domestic margins shielded them from a weak overseas market.
Quarterly gasoil uses rises, but future demand set to be weak
Lower prices helped to drive higher-than-expected Organization for Economic Co-operation and Development (OECD) gasoil use in the third quarter, driving up overall oil demand, but weak manufacturing and sluggish growth are likely to cap future consumption.
Glencore-Chandra Singapore refinery to earmark 20% of output for Shell
Glencore and Chandra Asri, gearing up to complete their takeover of Shell's landmark Singapore refinery, have set up a new operating company and will earmark roughly 20% of output for the plant's outgoing owner.
Clariant upgrades its syngas catalyst portfolio to reduce emissions and improve economics
Clariant announced that its new Plus series syngas catalysts have been successfully introduced to the market. The new catalysts were designed as drop-in solutions to improve plant economics and reduce carbon emissions.
U.S. dependence on Canada's oil should deter Trump tariffs, industry says
Canada's energy industry does not expect U.S. President-elect Donald Trump's broad plans for protectionist trade measures will include tariffs on Canadian oil imports, because many U.S. refineries rely on barrels from north of the border.
Honeywell UOP, Johnson Matthey partner to cut costs and boost deployment of sustainable fuels
Honeywell UOP and Johnson Matthey have signed a Memorandum of Understanding (MoU) to offer an end-to-end solution for businesses developing alternative fuels from a wide range of feedstocks including municipal solid waste, residual biomass, biogas and CO₂ (captured and renewable).
U.S. refiners hold output at high levels as fuel inventories sag
U.S. oil refiners this quarter expect to run their plants at above 90% of their crude processing capacity on low inventories and improving demand for gasoline and diesel.
- 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
- India's BPCL buys first Argentinian crude oil cargo for Feb. delivery 12/20
- Sinopec's Zhenhai oil refinery expands capacity to 40 MMtpy 12/20
- Oil via Russia's Druzhba pipeline halted by technical problems 12/20
