Refining
Refiner Neste posts strong renewable profits, mulls investment
HELSINKI (Reuters) -- Finnish refiner Neste reported a rise in annual operating profit on Tuesday led by renewables and said it would look to expand in biofuels, possibly through investment in the United States or Singapore.
Indian Oil says crude processing to edge up in 2017/18
NEW DELHI (Reuters) -- Indian Oil Corp, the country's largest refiner, expects its crude processing to inch up in 2017/18 despite planned maintenance at some plants.
BP lifts break-even oil price after profit miss
LONDON (Reuters) -- BP raised the oil price at which it can balance its books this year to $60 a barrel on Tuesday due to higher spending following a string of investments as annual earnings fell for a second consecutive year.
Shell plans to split Motiva JV with Saudi Aramco
HOUSTON (Reuters) -- Shell Oil Co, the US unit of Royal Dutch Shell Plc, said on Monday it expects to divide the refineries and other assets of the Motiva Enterprises joint venture with co-owner Saudi Aramco in the second quarter of 2017.
Hammer could fall on Europe's vulnerable refineries from 2018
ANTWERP (Reuters) -- Strong residual demand for oil products and the emergence of only a handful of new refineries will protect the profits of Europe's long struggling operations this year, but experts expect the hammer to fall on the weakest from 2018.
Trading giant Glencore extends major Libyan oil deal
LONDON (Reuters) -- Swiss-based commodities giant Glencore has extended a deal with Libya's state oil firm to be the sole marketer of one third of the country's current crude oil production, sources familiar with the matter said.
US refiners gobble up foreign crude, at least for now
NEW YORK (Reuters) -- Global oil producers pumping out crude have found particularly willing buyers lately in the United States, where refiners have reaped short-term benefits from buying foreign crude.
Lyondell, buyers differed on value of Houston refinery
HOUSTON (Reuters) -- Differing estimates between would-be buyers and LyondellBasell Industries over the value of the company's Houston refinery resulted in Lyondell's inability to sell the plant last year, Chief Executive Bob Patel said on Friday.
Petrobras undecided over outright sale of refining assets
SAO PAULO (Reuters) -- Petroleo Brasileiro SA remains undecided about the sale of some refineries, a sign Brazil's state-controlled oil company might be leaning toward forming partnerships by offering stakes in some of them, a person with direct knowledge of the matter said on Thursday.
Indonesia's Pertamina removes CEO, deputy in management shakeup
JAKARTA (Reuters) -- Indonesia's Pertamina has removed its CEO Dwi Soetjipto and Deputy CEO Ahmad Bambang, company and government officials said on Friday citing leadership problems, and new and renewable energy director Yenni Andayani has been appointed acting CEO.
- China's Wanhua Chemical starts operation at new east China cracker 4/4
- Brookfield Infrastructure announces the acquisition of Colonial Enterprises for $9 B 4/4
- PBF restarts some units at Martinez refinery after February fire; fire-damaged units remain shut 4/4
- Japan to curb gasoline prices from June to cushion U.S. tariff blow 4/4
- Evonik presents innovative "Debonding on Demand" concept for more sustainable bonding 4/3
- Oil, gas and refined product imports exempted from Trump’s sweeping tariffs 4/3
