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Refining

OPEC output cuts whet Asia's appetite for North Sea oil

LONDON/SINGAPORE (Reuters) -- OPEC production cuts have created record Asian demand for European oil and made China the second biggest consumer of North Sea crude as flows from its usual Middle East suppliers dip.

How North Korea gets its oil from China: lifeline in question at UN meeting

BEIJING (Reuters) -- As the United Nations Security Council decides whether to tighten the sanctions screws on North Korea, the country's increasingly isolated government could lose a lifeline provided by state-owned China National Petroleum Corp (CNPC).

Next battleground: An aging Great Lakes pipeline stirs new protest

CALGARY, Alberta (Reuters) -- The growing protest movement against US oil and gas pipelines has so far focused on stopping or delaying new construction, with some high-profile successes.

US refiners bet on strong exports to balance market

NEW YORK (Reuters) -- US refiners have come out of maintenance season betting that big exports to Mexico and South America will help alleviate high product inventories and boost margins as the critical summer driving season nears.

Judge says Exxon owes $19.95 MM for Texas refinery pollution

(Reuters) -- A federal judge ruled on Wednesday that ExxonMobil Corp should pay a $19.95 MM penalty for pollution from its Baytown, Texas, refining and chemical plant complex between 2005 and 2013.

Honeywell awarded equipment contract for Dangote’s largest single-train refinery

DES PLAINES, Ill. – UOP LLC, a division of Honeywell International Inc. announced that it has won a contract from Dangote Oil Refinery Company Ltd. for critical equipment, technology licensing and design services for a world-scale integrated refinery and petrochemical plant. When completed, the integrated complex in Lekki, near the capital of Lagos in Nigeria, will be the largest single-train refinery in the world.

Uzbekistan starts construction of $2.2-B oil refinery

TASHKENT (Reuters) -- Uzbekistan started construction of a $2.2 B refinery on Thursday, which will use oil imported from Russia and Kazakhstan, state news agency UzA reported.

Maiden Bakken oil cargo to Asia ships out, with more to come

NEW YORK (Reuters) -- The first ever reported export of North Dakota's crude oil to Asia left port last month, according to a shipping document seen by Reuters on Wednesday, in what is expected to be the first of numerous cargoes once the key Dakota Access pipeline starts moving oil in May.

China sets deadline for refiners to apply for oil import permits

BEIJING (Reuters) -- China's top state planner will stop accepting new applications from oil refiners to use imported crude oil from May 5, it said on Thursday, amid growing concerns about domestic refining overcapacity that has led to record exports of fuel.

Marathon Petroleum posts surprise profit as pipeline unit delivers

(Reuters) -- Marathon Petroleum Corp reported a surprise quarterly profit on Thursday as the refiner earned more from its pipelines and storages business.