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Refining

US refiner Phillips 66 charters foreign vessel after Jones Act waiver

(Reuters) — Phillips 66 has chartered a Marshall Islands-flagged vessel, making use of a temporary waiver of the Jones Act that was put in place to meet fuel shortages in the wake of hurricanes Harvey and Irma, Argus Media reported on Thursday.

CNPC, Eni sign new cooperation agreement

ROME — China National Petroleum Corporation (CNPC) and Eni signed cooperation agreement in order to cooperate in oil & gas exploration and production, gas and LNG value chain opportunities, trading and logistics opportunities, refining and petrochemicals. The partnership will regard both China and overseas activities.

Storms worsen unprecedented summer slump in US diesel supply

NEW YORK (Reuters) — US diesel stockpiles did something this year that has never happened in the summer before: They shrank. And that was even before Hurricane Harvey landed, knocking out a quarter of US refining capacity, crippling production of fuel products.

Ecoslops and Galp giving a new life to oil residues

SINES — Ecoslops, a technology company that regenerates ship-generated hydrocarbon residues (or slops) into valuable new fuels and light bitumen, announced the implementation of a long-term agreement with Galp for the supply of refined cut to the Sines Refinery of Galp.

Sinopec starts up Tianjin commercial crude reserve

(Reuters) — A new commercial crude oil reserve base built by China’s Sinopec Corp in northern Chinese port of Tianjin received its first oil shipment on Wednesday, the state refiner said.

China's crude refinery output rebounds in Aug on new quotas

BEIJING (Reuters) — Chinese refineries processed 6.5% more crude oil in August than a year earlier at 47.12 MMt, or about 11.1 MMbpd, data from the National Bureau of Statistics showed on Thursday.

Pemex expects Salina Cruz refinery to be back online in 3–4 weeks

MEXICO CITY (Reuters) — Mexican state oil company Pemex expects Salina Cruz refinery, the country’s largest, to be up and running in three or four weeks once it has repaired the electrical system damaged by an earthquake last week.

India's fuel demand falls the most in over 14 yr

NEW DELHI (Reuters) — India's fuel consumption fell 6.1% in August, its fastest rate of decline since April 2003, as heavy rainfall across the country cut the use of diesel for irrigation pumps and curbed demand for auto fuels.

S.Korea's GS Caltex says unsure when will restart fire-hit hydrocracker, aromatics unit

SEOUL (Reuters) — GS Caltex, South Korea’s second-largest oil refiner, said on Monday that it was unsure when it would be able to restart a hydrocracker and aromatics unit after they were hit by fire last month.

US Coast Guard, EPA cleaning up a dozen Texas chemical spills after Harvey

HOUSTON (Reuters) — The US Coast Guard and the Environmental Protection Agency are working with Texas state regulators to clean up oil and chemicals spilled from a dozen industrial facilities after flooding from Hurricane Harvey, authorities said.