Refining
Diesel consumption falls in China due to reduced economic activity and fuel substitution
The U.S. EIA estimates that diesel consumption in China totaled 3.9 MMbpd in June 2024, a decline of 11% from the same month last year and the largest year-over-year decline in consumption for any month since July 2021.
China's July oil refinery output sinks to the lowest since Oct 2022
China's oil refinery output in July fell 6.1% from a year earlier, down for a fourth month as thin processing margins and tepid fuel demand discouraged production.
Chevron to pay $550-MM settlement to Richmond, California (U.S.)
Chevron Corp. is to pay the Richmond City Council $550 MM over 10 years in a settlement that saw it drop a proposed ballot on a new tax on the oil major's Richmond refinery.
Key China energy indicators to track for the rest of 2024
Slower consumption in China spurred the Organization of the Petroleum Exporting Countries (OPEC) to cut estimates for global oil demand growth this week, highlighting the vital role that the world's second largest economy plays in energy markets.
Nigerian army destroys 27 illicit refineries, seizes stolen oil
Nigerian army troops have destroyed at least 27 illicit refining sites and seized stolen crude oil following raids this week on illegal oil bunkering sites in the Niger River delta.
AFPM recognizes BrandSafway refinery, petrochemical plant site teams with 44 awards
The American Fuel & Petrochemical Manufacturers (AFPM) Association has recognized 44 BrandSafway refinery and petrochemical plant site teams with Contractor Safety Achievement Awards, based on their safety performance in 2023.
U.S. refiners scale back crude intake as fuel stocks swell
U.S. petroleum refiners have trimmed crude processing rates in response to a rise in fuel inventories and a decline in refining margins since the start of 2Q 2024.
Honeywell UOP and Repsol to collaborate on renewable fuel development
The companies plan to scale and commercialize Honeywell's technologies, which use various wastes like fats, oils, greases, biomass and solids for chemical production and renewable fuels at Repsol’s refineries.
BASF introduces Fourtiva FCC catalyst to increase high-octane gasoline blending feedstock
BASF announced the commercial launch of Fourtiva™, a new fluid catalytic cracking (FCC) catalyst for gasoil to mild resid feedstock.
TotalEnergies Marine Fuels supplies its first B100 biofuel bunker in Singapore
TotalEnergies Marine Fuels supplied its first B100 biofuel bunker in Singapore, marking a significant expansion in its low-carbon fuels offer as it supports the decarbonization of global shipping.
- Ebara Elliott Energy awarded landmark order from Kawasaki Heavy Industries to advance global liquefied hydrogen supply chain 4/24
- Digital Exclusive: Early collaboration with vendors: Mitigating design risk and ensuring successful project execution 4/24
- Pacífico Mexinol celebrates groundbreaking of $3.3-B clean fuels complex 4/24
- Brazil to start tests for diesel blend containing 20% biofuel in May 4/24
- ATOME announces FID for $665-MM green hydrogen project in Paraguay 4/24
- U.S.: Trump grants 90-day Jones Act waiver extension to curb energy costs 4/24
