Refining
Online Exclusive: How chemical manufacturers can navigate inflation
At the macroeconomic level, inflation will influence M&A through its impact on monetary policy and financial markets.
Several refining projects are scheduled in Asia and the Middle East
In Asia and the Middle East, at least nine refinery projects are beginning operations or are scheduled to come online before the end of 2023. At their current planned capacities, they will add 2.9 MMbpd of global refinery capacity once fully operational.
Marathon Petroleum posts bumper profit on soaring fuel prices
Marathon Petroleum smashed quarterly profit estimates, the latest U.S. refiner to benefit from a surge in fuel prices sparked by tight capacity and low inventories.
Valero to run its 14 refineries at 90%-93% of capacity in Q3
Valero Energy Corp plans to operate its 14 refineries between 90%-93% of their combined total processing capacity in the third quarter.
U.S. majors Exxon, Chevron post blowout earnings, ramp up buybacks
The two largest U.S. oil companies, ExxonMobil and Chevron, posted record revenue on Friday, bolstered by surging crude oil and natural gas prices and following similar results for European majors a day earlier.
U.S. fuel demand remains strong, despite recent data
Demand for transportation fuels remains strong despite mixed signals from inventory data collected by the U.S. Energy Information Administration.
Shell slashes gas intake at Dutch, German refineries
Shell has slashed its use of gas at Europe's largest oil refinery, Rotterdam's 404,000 bpd Pernis site, by 40% and at its German refineries by 70%.
Valero kicks off U.S. refinery results with Q2 profit jump
Valero Energy Corp reported a rise in second-quarter profit on Thursday, boosted by higher demand for fuel and refined products.
Binh Son refinery Q2 net profit soars to $424 MM
Vietnam's Binh Son Refining and Petrochemical recorded net profit of $424 MM in the second quarter, up by nearly six times from a year earlier.
U.S. to sell additional 20 MM barrels of oil from strategic reserve
The United States has already sold 125 MM barrels from the reserve with nearly 70 MM barrels already delivered to purchasers.
- 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
