Refining
Catalytic cracker, distillation units at Venezuela's Amuay refinery resume operations
A catalytic cracker and two distillation units at Venezuela's Amuay refinery, the country's largest, have resumed operations following a power interruption earlier this month.
China's newest refiner Yulong starts up crude unit
China's Shandong Yulong Petrochemical on Friday began starting up one of two new 200,000-bpd crude units in eastern China, marking the refinery's official launch after four years of construction.
Global refiners face profit slump as new plants come online
Oil refiners in Asia, Europe and the U.S. are facing a drop in profitability to multi-year lows, marking a downturn for an industry that had enjoyed surging returns post-pandemic and underlining the extent of the current slowdown in global demand.
U.S. offers $1.56-B conditional loan for Indiana ammonia facility
The U.S. Department of Energy (DOE) has made a conditional loan guarantee of up to $1.56 B to Wabash Valley Resources to help build a low-emissions ammonia production facility in Indiana.
Indian refiners jointly negotiating for 2025 Russian oil supplies
Indian refiners are jointly negotiating to purchase Russian oil for next year, with suppliers mostly using Russian insurance for crude priced above a $60 per barrel (bbl) cap.
Rising jet fuel stocks weigh on U.S. West Coast refiner margins
Refiner margins on jet fuel averaged $0.05/gallon (gal) at the Los Angeles trading hub last month, the lowest in at least five years, as low demand and high supplies pushed inventories to a record high.
Three slightly injured in fire inside Greek oil refinery near Athens
Three people were slightly injured in a fire at Motor Oil's refinery west of Athens, Greece. The fire broke out on in refining units, forcing workers to evacuate as a column of black smoke poured across the evening sky.
Update: Rosneft's complaint over Schwedt stake sale unlikely to succeed
Russia's Rosneft is unlikely to succeed with its complaint against Shell's planned sale of a stake in Germany's PCK Schwedt refinery, a German court said on Wednesday, citing a preliminary assessment.
Venezuela's biggest refinery suffering power outage since Sept. 12
Venezuela's Amuay refinery, the country's largest, is almost completely offline following a power outage last week.
SOCAR awards NEXTCHEM two contracts to upgrade/expand Heydar Aliyev refinery in Azerbaijan
SOCAR has awarded NEXTCHEM two contracts to upgrade and expand the capacity of the Heydar Aliyev Oil refinery industrial complex in Baku, Azerbaijan.
- NAPCOR releases 2024 PET recycling report highlighting system efficiency gains and continued strength of PET circularity 12/12
- OQ courts other partners for petrochemical complex in Oman as SABIC drops out 12/12
- Brazil's BNDES approves $71 MM for carbon storage project 12/12
- Cuba on edge as U.S. seizure of oil tanker puts supply at risk 12/12
- China oil demand to plateau between 2025 and 2030 12/12
- Germany's PCK refinery says no impact from pipeline leak 12/12
