Refining
As U.S. Permian crude turns lighter, it risks losing favor with refiners
Companies drilling for the crude that turned the U.S. into the world's top oil producer face an unexpected dilemma: their West Texas Midland crude is getting lighter, which could make it less appealing to some refiners.
China's surplus crude oil hits nearly 1 MMbpd for September
The weak position of China's crude oil sector was underlined by September data showing a sixth consecutive monthly drop in refinery processing, leading to nearly 1 MMbpd of oil being available for storage.
Phillips 66 hit with $604.9-MM U.S. verdict in fuel trade-secrets case
Energy company Phillips 66 owes biofuel maker Propel Fuels $604.9 MM in damages for stealing Propel's trade secrets to build up its renewable-fuel capabilities.
U.S. capacity to produce biofuels increased 7% in 2023
Capacity to produce biofuels increased 7% in the U.S. during 2023, reaching 24 Bgal/yr at the start of 2024, led by a 44% increase in a category the U.S. Energy Information Administration (EIA) calls “renewable diesel and other biofuels.”
Russia's idle oil refining capacity to fall by 15% in later half of October
Russia's offline primary oil refining capacity is seen declining by around 15% in the later half of October from the first 15 days of the month.
Nigerian fuel traders turn to imports to augment Dangote Refinery supply
Nigerian fuel traders are ramping up petrol imports to augment supply from the Dangote Refinery following worsening fuel queues.
Phillips 66 provides notice of its plan to cease operations at Los Angeles-area refinery
Phillips 66 announced plans to cease operations at its Los Angeles-area refinery in the fourth quarter of 2025 and will work with the state of California to supply fuel markets and meet ongoing consumer demand.
Seeq, AVEVA partner to provide best-in-class enterprise data management services, analytics and AI
Seeq announced a strategic partnership with AVEVA. Core to the partnership is the native integration between the two companies’ platforms that will simplify access to operational data in context, enabling chemical, energy, metals, mining, and utility organizations to improve their operations and production outcomes.
Kurita America launches Kurita Dropwise Condensation Technology in North America
Kurita America, part of a leading global provider of industrial water treatment solutions the Kurita Group, has introduced Kurita Dropwise Condensation Technology in the North American marketplace.
Flowserve completes acquisition of MOGAS Industries
Flowserve Corp., a leading provider of flow control products and services for the global infrastructure markets, has completed the acquisition of MOGAS Industries.
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- HF Sinclair forecasts lower CAPEX in 2026 on reduced maintenance costs 12/10
- Aster to carry out further upgrades at Singapore Bukom refinery 12/10
- EIA: U.S. crude stocks fall, fuel inventories rise on robust refining 12/10
