Refining
S.Korea's S-Oil expects strong refining margins for next 2 yr
SEOUL (Reuters) — South Korea's S-Oil corp said on Monday that profits from refining crude oil would stay strong for the next couple of years due to a tight outlook for supply.
Fire at Tehran oil refinery kills six
ANKARA (Reuters) — A fire at an Iranian oil refinery in Tehran's Shar-e Rey district killed six workers and injured two others on Friday but firefighters have brought it under control, state TV reported.
Phillips 66 profit tops estimates on surge in refining margins
(Reuters) — Independent US refiner Phillips 66 on Friday posted a quarterly profit that handily beat analysts’ estimates, boosted by soaring refining margins in the aftermath of Hurricane Harvey.
Gulf Coast refinery runs approaching pre-hurricane levels
For the week ending Oct. 20, gross inputs to petroleum refineries in the US Gulf Coast averaged 8.8 MMbpd, or about 324,000 bpd higher than the previous five-year range for mid-October, based on data in EIA’s Weekly Petroleum Status Report (WPSR).
Polish refiner Lotos's M&A plans could hit dividend
WARSAW (Reuters) — Poland's second biggest oil refiner Lotos wants to buy local petrol stations and foreign oil deposits to strengthen its position in the market, its CEO said on Thursday, adding the plans could hit its dividend payout.
India HMEL may halt naphtha exports from 2021–2022
NEW DELHI (Reuters) — India's HPCL-Mittal Energy Ltd (HMEL), part-owned by steel tycoon L N Mittal, may halt naphtha exports from the 2021–2022 fiscal year when it starts its $3.1 B cracker, the chairman of Hindustan Petroleum Corp said.
Petronas, Aramco seeking $8 B for Malaysian project
KUALA LUMPUR (Reuters) — Malaysian state energy firm Petronas and Saudi Aramco are seeking to raise $8 B for a refinery and petrochemical complex via a bridge loan, Project Finance International (PFI) reported on Wednesday.
IEA sees Southeast Asia oil demand growing until at least 2040
SINGAPORE (Reuters) — Southeast Asian demand for oil will keep growing until at least 2040 as emerging nations there rely on the fossil fuel to transport their rapidly growing populations, ship goods and make plastics, the International Energy Agency said on Tuesday.
Vopak launches concurrent bunkering services at its Singapore terminal
SINGAPORE (Reuters) — Vopak, the world’s largest independent storage tank operator, has launched a new service that allows tankers docking at its Singapore Sebarok oil terminal to refuel while simultaneously loading or discharging cargoes.
Pennsylvania governor seeks relief for local refiners from renewable fuel rule
NEW YORK (Reuters) — Pennsylvania's governor asked US President Donald Trump to ease up on the state's oil refiners by waiving a rule requiring them to add renewable fuel to their products, following a week of pressure from farm-belt politicians not to change the rule, according to a letter released to the public on Monday.
- U.S. fuel ethanol exports rise on strong international demand and low U.S. prices 11/6
- Marathon Petroleum's 3Q profit beats, boosts share buybacks by $5 B 11/6
- U.S. crude stocks, gasoline and distillate inventories rise 11/6
- Fire at Tupras oil refinery in Turkey wounds 12 11/5
- Thai SCG halts operations at $5.4-B Vietnam petrochemical complex 11/5
- Solvay licenses hydrogen peroxide process technology to North Huajin Refining and Petrochemical Company 11/5
