Refining
EIA: U.S. crude stocks fell last week as exports jumped
U.S. crude and distillate inventories fell in the week ending December 13 as exports surged, while gasoline stockpiles rose.
Neste introduces co-processed renewable Neste RE feedstock for the polymers and chemicals industry
By co-processing renewable raw materials such as used cooking oil together with fossil crude oil in its conventional oil refinery in Porvoo, Finland, Neste is able to produce a complementary type of Neste RE, a drop-in feedstock for the production of plastics and chemicals.
India's BPCL plans to expand refining capacity by 2028
India's Bharat Petroleum Corp. plans to expand its refining capacity to 45 MMtpy by 2028 from the current 35.3 MMtpy.
Mabanaft reaches agreement with Hapag-Lloyd to supply B30 bunker fuel in Hamburg
Mabanaft has reached an agreement with the shipping company Hapag-Lloyd for the supply of B30 biofuel. A first test delivery of 1,000 t of B30 VLSFO arrived on the container ship Delaware Express and reached Mabanaft's Waltershof tank terminal in the Port of Hamburg on December 12.
Technical teams inspecting Libya's Zawiya refinery after fire
Technical teams at Libya's Zawiya refinery were carrying out inspections on Monday after a fire broke out in several reservoirs the previous day. Libya's National Oil Corporation declared force majeure on Sunday after reservoirs at the Zawiya refinery were severely damaged due to ongoing clashes between armed groups in its vicinity.
China Nov. refinery throughput rises for first time in eight months
China's refinery throughput in November recorded its first rise in eight months, official data showed on Monday, as Beijing's economic stimulus measures began to underpin manufacturing activity and oil demand.
Marathon, Teamsters reach pay deal at Detroit (U.S.) refinery
Teamsters members working at Marathon Petroleum's Detroit refinery have voted to ratify a seven-year collective bargaining agreement, the company and the union said on Sunday, three months after workers walked off the job.
Gazprom Neft plans to boost refined fuels output in 2025
Gazprom Neft plans to increase investment in major projects in 2025, and expects to increase oil refining and output of light oil products, the company's head, Alexander Dyukov said.
China’s refined oil consumption peaked in 2023, CNPC says
China's refined oil consumption peaked in 2023 at 399 MM tonnes (t) (7.98 MMbpd) and is expected to fall 1.3% to 394 MMt in 2024, the CNPC Economics & Technology Research Institute said on Friday
Iranian oil prices to China hit new multi-year highs as sanctions hit shipping
The price of Iranian crude oil sold to China has risen to the highest in years as fresh U.S. sanctions have tightened shipping capacity and driven up logistics costs.
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