Refining
Saudi Arabia stays top crude supplier to China in 2022, Russian barrels surge
Russia remained China's second-largest source of crude oil in 2022, following repeat top supplier Saudi Arabia, as Chinese refiners snapped up low-cost Russian barrels while Western countries shunned them after the Ukraine crisis.
Japan's Taiyo Oil to shut 2 CDUs at Shikoku refinery in summer for maintenance
Japanese oil refiner Taiyo Oil Co plans to shut two crude distillation units (CDUs) at its 138,000 bpd Shikoku refinery in western Japan in the summer for scheduled maintenance.
Montfort wins bid for Uniper's marine fuels oil refinery in UAE
Montfort has emerged as the top bidder for Uniper Energy's oil refinery in the UAE that produces low-sulfur fuel oil for the shipping industry, multiple sources familiar with the matter said this week.
Germany's Schwedt refinery to get non-Russian oil via Gdansk in January
Germany has received confirmation that commercial crude oil deliveries for the PCK Schwedt refinery are expected in the Polish port of Gdansk in January, the economy ministry told Reuters.
Europe boosts Russian diesel buying ahead of ban set to rock market
European traders are rushing to fill tanks with Russian diesel as the clock runs down on a Feb. 5 European ban expected to tighten supplies, re-draw global shipping routes and increase price volatility.
Exxon prepares to start up $1.2 B Texas oil refinery expansion
Exxon Mobil Corp in coming days will sharply boost gasoline and diesel production at its Beaumont, Texas, refinery, people familiar with the matter said, completing a $1.2 B expansion first considered nine years ago.
China demand optimism sets oil on track for strong weekly gain
Oil prices rose on Friday and were on track to gain over 7% on the week due to solid signs of demand growth in top oil importer China and expectations of less aggressive interest rate rises in the United States.
Venezuela earmarks a third oil cargo to Chevron under U.S. license
Venezuelan state oil company PDVSA has assigned a third crude cargo to Chevron Corp under a U.S. authorization that restarted exports to the United States after a nearly four-year pause.
French refinery, metro strikes loom in clash over pension reform
France's CGT trade union called for strikes in the refinery sector against plans to make people work longer before they can retire and Paris metro unions said they would do "everything they can" to stop the pension reform.
Nghi Son refinery to shut for 55 days from August 25 for maintenance
Vietnam's largest refinery, Nghi Son, will be shut down for 55 days starting August 25 for major maintenance.
- Lummus Technology completes acquisition of NAPCON from Neste, expanding digital and AI capabilities 6/2
- IATA expects sustainable aviation fuel production to double in 2025 6/2
- RIC Energy and Siemens to jointly develop renewable H2, green ammonia and eFuels 6/2
- Trump administration (U.S.) axes $3.7-B in green energy projects 6/2
- European chemical industry pessimistic for 2025, recovery not until 2026 says new report 6/2
- U.S. ethanol output eases off record pace as summer travels heat up 6/2
