Refining
LyondellBasell helps close the loop on polypropylene by joining NEXTLOOPP initiative
LyondellBasell, one of the largest plastic and chemical companies in the world, has recently joined the initiative that brings more than 40 major industry players together.
Nigeria petrol subsidy seen nearly 70% higher at $16.2 B next year
Nigeria could spend up to 6.72 T naira ($16.2 B) next year if it keeps a fuel subsidy in place, a nearly 70% jump from this year's budget.
U.S. refined coal production and consumption declines with the expiration of a tax credit
Refined coal production in the United States dropped to nearly zero during the first quarter of 2022 as refined coal consumers used their remaining small stockpiles.
Production at Brazil's Petrobras falls; refinery utilization nears 100%
Oil production at Brazil's Petrobras fell in the second quarter as asset divestments and increased work stoppages took their toll, while the company's refinery utilization rate hit a whopping 97%.
Technip Energies wins contract with Neste for renewable products refinery expansion in Rotterdam
Technip Energies has been awarded a significant contract by Neste for the expansion of their renewable products production capacity in Rotterdam, the Netherlands, as part of the existing Partnership Agreement between Technip Energies and Neste.
Pemex to upgrade its six refineries after completing 340,000 bpd new plant construction
Octavio Romero, director of Mexican state oil Pemex, said the company will work in the second half of Mexican President Andres Manuel Lopez Obrad´s term on improving its six refineries after completing during the first half of the six-year period the construction of a new 340,000 barrels-per-day (bpd) refinery with a $10-B investment.
Iran boosts crude supply to Venezuela for refining, freeing up exportable oil
Iran is increasing supplies of a key crude grade that Venezuela is using to boost its aging refineries' productivity and free domestic oil for exports.
Petrobras set to cut gasoline prices Wednesday
Brazil's Petrobras will reduce gasoline prices at its refineries by about 5% on Wednesday, the state-run oil company said in a statement, its first price cut since late 2021, making analysts review projections for the country's inflation.
U.S. crude stockpiles dip, gasoline builds as demand slackens
U.S. crude oil stockpiles edged lower last week but gasoline inventories posted a larger-than-expected build on weakened demand, the Energy Information Administration said.
Saudi minister sees lack of refining capacity in market, not lack of oil
Saudi Arabia's foreign minister said that he saw no shortage of oil in the market, but a lack of oil refining capacity, making it necessary to invest more in capacity to process crude oil into various oil products.
- Brazil's Petrobras raises jet fuel prices by around 7% in key markets 1/3
- Venezuela's 2024 oil exports climb 10.5% amid political turmoil, refinery outages 1/3
- Russian court tells Yandex to hide images of oil refinery after Ukrainian attacks 1/3
- Singapore's Dec. jet fuel imports hit multi-year high on India, S. Korea supply 1/3
- Palm oil ends with more than 5% weekly losses 1/3
- Fire extinguished at Valero's Three Rivers refinery on New Year's Day 1/2
