Refining
India's largest refiner IOC setting up Singapore oil unit
SINGAPORE/NEW DELHI (Reuters) — India's largest refiner Indian Oil Corp is setting up an office in Singapore that will handle crude oil purchases and the sales of oil products from its refineries later this year, trade sources said on Friday.
S.Korea's GS E&C wins $865-MM order to rebuild ADNOC's fire-hit refinery
SEOUL/SINGAPORE (Reuters) — Abu Dhabi demand for gasoline is expected to stay firm after its plans to restart a gasoline-making secondary unit at its Ruwais refinery were delayed by about a year into early 2019.
Trump seeks to project global power through energy exports
WASHINGTON (Reuters) — President Donald Trump on Thursday promoted a "golden era" of the US energy business by seeking to assert power abroad through a boost in natural gas, coal and petroleum exports.
Taiwan's Formosa may not export spot diesel until Q4
SINGAPORE (Reuters) — Taiwan's Formosa Petrochemical Corp may not export any diesel in the spot market until the fourth quarter of this year, potentially boosting margins for the fuel, industry sources said on Thursday.
EIA: Low inventories, supply developments affecting Asian residual fuel oil prices
The difference between high-sulfur residual fuel oil prices in Singapore and crude oil prices in Dubai/Oman has been narrowing since the spring. Low inventories of residual fuel oil in Singapore and lower residual fuel oil production from Russia are likely contributing to the narrowing price spread.
Lithuania hopes for closer energy ties with Poland after PKN deal
VILNIUS (Reuters) — A deal between Poland's biggest oil refiner PKN Orlen and Lithuanian Railways agreed on Wednesday on new fees for transporting oil products could pave the way for more cooperation between the two countries on energy projects.
Unipec, Vitol win tender to supply oil products to Bangladesh
DHAKA (Reuters) — Unipec and Vitol have won a tender to supply oil products to Bangladesh, two government sources with direct knowledge of the matter said on Wednesday.
Gunvor refinery completes modernization project with Implico
HAMBURG/INGOLSTADT — Software and consulting company Implico announced the successful completion of a major modernization project for loading processes at the Gunvor refinery in Ingolstadt. Field equipment for tank truck filling was replaced on all 12 loading bays. Work on the project was completed early this year.
Poland's PKN, Lithuania's railways to sign transport fees deal
WARSAW (Reuters) — The Lithuanian unit of state-run Polish refiner PKN, Orlen Lietuva, and Lithuanian railways firm Lietuvos Gelezinkeliai will on Wednesday sign an agreement in Vilnius ending a long dispute over PKN's costs for fuel transportation in Lithuania, Puls Biznesu daily said quoting unnamed sources.
Clogged oil arteries slow US shale rush to record output
GUERNSEY, WYOMING (Reuters) — A gallon of gasoline that allows a driver on the US East Coast to travel about 25 mi has already navigated thousands of miles from an oil field to one of the world's largest fuel markets.
- U.S. fuel ethanol exports rise on strong international demand and low U.S. prices 11/6
- LanzaTech and Eramet plan integrated CCUS project in Norway 11/6
- DG Fuels to launch SAF plant in Minnesota (U.S.), converting biomass into high-value fuel 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
