Refining
Vietnam's largest refinery to import 2.52 MMt of crude oil in Q4
Vietnam's largest refinery will import 2.52 MMt of crude oil in the fourth quarter to boost operations, state oil firm PetroVietnam said, as authorities try to avert a fuel supply crunch.
Saudi Aramco to ship full oil contract volumes to Asia in December
Saudi Aramco has told at least four refinery customers in North Asia they will receive full contract volumes of crude oil in December.
Chinese refiners boost diesel output to profit from robust export margins
China's refined oil product exports in November are set to hit the highest since April 2020 as refiners ramp up output to multi-month highs to boost diesel supply and profit, offsetting the impact of slower domestic demand from COVID-19 restrictions.
Fire breaks out at Chevron's El Segundo, California refinery
Chevron said fire crews responded to an isolated fire inside its 269,000-barrel-per-day El Segundo refinery in California on Tuesday, with no injuries due to the incident.
South Korea's LG Chem may extend maintenance at Yeosu naphtha cracker
South Korean petrochemical operator LG Chem may extend maintenance at its naphtha cracker for a month into December, a company official said on Wednesday, to deal with unattractive cracking margins.
Phillips 66 plans to lay off 1,100 workers by end-2022
Refiner Phillips 66 said on Wednesday, it plans to reduce its employee headcount by 1,100 to help cut costs and meet its savings target of $500 MM by end-2022.
Italy's plans to secure financing for Lukoil refinery face obstacles, sources say
Italy's efforts to secure financing to keep an Italian oil refinery owned by Lukoil up and running despite new sanctions on Russia kicking in next month have hit obstacles.
Exxon says it is dealing with 'operational matter' at Britain's Fawley refinery
Exxon Mobil said it was dealing with an "operational matter" at its Fawley oil refinery in Britain.
Kuwait's KIPIC says first phase of Al-Zour refinery starts commercial operations
The commercial launch comes after the project started last month to produce and sell primary quantities of fuel oil and supply it to local power stations.
U.S. oil refiners to keep running at breakneck speeds in fourth quarter
U.S. oil refiners this quarter will run their plants at breakneck rates, near or above 90% of capacity, as tight fuel supplies spur high profits and operating rates, according to company forecasts and analysts surveyed by Reuters.
- Syensqo signs new multi-year Solef® PVDF contracts for battery materials 5/15
- Topsoe’s technology chosen by Zhongneng Yida for 400,000-tpy SAF plant in China 5/15
- Phillips 66 announces agreement to divest majority interest in Germany and Austria retail marketing business 5/15
- Carbon Clean announces successful test of CycloneCC C1 technology at commercial scale 5/15
- Asia's refined fuel imports drop, but margins still hold 5/15
- SP Chemicals plans to raise ethane use at eastern China petchem plant 5/15
