Refining
Montfort in talks with Sinopec for UAE fuel oil facility sale
Geneva-based trading house Montfort Group is in discussion to sell part or all of its refining facility in the UAE to the fuel oil arm of Chinese state giant Sinopec Corp.
Nigeria's Dangote wants to set up trading arm for Lagos mega refinery
Africa's richest man Aliko Dangote is planning to set up an oil trading arm, likely based in London, to help run crude and products supply for his new refinery in Nigeria.
Crude oil processing in China hit a record high in 2023
Crude oil processing, or refinery runs, in China averaged 14.8 MM bpd in 2023, an all-time high record processing, which came as the economy and refinery capacity grew in China following the country’s COVID-19 pandemic responses in 2022.
Reduced refining capacity, sanctions force Russia to cut oil output
Russia announced additional voluntary cuts in oil supply mainly in the form of production cuts rather than exports, as it faced curtailed refining capacity as well as stricter sanctions.
Singapore's middle distillates inventories cross 10 MMbbl
Singapore's middle distillates inventories surged more than 1MMbbl week on week to more than a three-month high level despite gains in net exports for both jet fuel, kerosene, diesel and gasoil.
Human skull discovered at Whiting (U.S.) bp oil refinery, according to East Chicago Police
Human remains, identified as a skull, were discovered at the bp Whiting Refinery in Northwest Indiana.
Motiva's Texas (U.S.) coker to restart in next two weeks, say sources
Motiva Enterprises plans to restart the large coker at its 626,000-bpd Port Arthur, Texas, refinery within the next two weeks.
Libya's PFG threatens to close oil facilities to press salary demands
Libya's Petroleum Facilities Guards threatened to close all oil and gas facilities in the country's western region after the end of a 10-day deadline to authorities to meet their demands, including a 67% salary rise.
TotalEnergies’ Texas refinery running at minimal rates
TotalEnergies' 238,000-bpd refinery in Port Arthur, Texas, is operating at minimal production as it contends with multiple upsets on Wednesday.
EIA: U.S. crude stockpiles rise, products draw on low refining rates
U.S. crude oil stockpiles rose last week, while gasoline and distillate inventories fell as refinery maintenance and outages kept activity low.
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