Refining
China's CNPC forecasts record oil demand, warns on product glut
BEIJING (Reuters) -- China's crude oil demand will grow by 3.4% this year to a record of almost 12 MMbpd, the country's top state-owned oil producer forecast on Thursday, as refiners in the world's second-biggest oil user ramp up output.
Rosneft signs oil supply deal with firm linked to Qatar, Glencore
MOSCOW (Reuters) -- Russian oil major Rosneft has concluded a deal with a company linked to Qatar and commodities trader Glencore to supply up to 55 MMt of crude in total over a 5-year period, Rosneft said in a statement on Tuesday.
Russia's Tuapse refinery catches fire, says output plans unaffected
MOSCOW (Reuters) -- Russia's Tuapse oil refinery, owned by Rosneft, said it had caught fire on Wednesday and that the incident would not affect production plans.
Refiners shun new Canadian crude blend offer from Enbridge line
CALGARY, Alberta (Reuters) -- Enbridge Inc has approved a new stream of heavy Canadian crude for export on one of its major oil pipelines to the United States, according to four trading sources. The only problem? No one wants it.
Aramco awards Técnicas Reunidas ‘Clean Fuels’ project at Ras Tanura refinery
Saudi Aramco, the Saudi Arabian state-owned oil company, has selected Técnicas Reunidas (TR) to execute the turnkey contract for the “Clean Fuels” project in the Ras Tanura refinery in the east coast of Saudi Arabia.
India's 2016 fuel sales growth highest in at least 16 years
NEW DELHI (Reuters) -- India's fuel demand in 2016 grew at its highest pace in at least 16 years as low oil prices for most of the year boosted demand for gasoline and aviation fuels.
Iran in talks to export 4 MM barrels of oil per month to Philippines
ANKARA (Reuters) -- National Iranian Oil Company (NIOC) is negotiating with the Philippines over exporting four million barrels of crude per month to the country, Iran's English-language Press TV quoted a statement published on Friday by the NIOC as saying.
US crude stocks fall sharply, products surge
(Reuters) -- US crude oil inventories fell sharply as higher refining runs prompted a surge in gasoline and distillate stocks in the last week of 2016, the Energy Information Administration said on Thursday.
LyondellBasell plans to retain Houston refinery after asset review
NEW YORK (Reuters) -- LyondellBasell said on Thursday that it would retain its Houston-area refinery following a review of strategic options for the business.
China's Iran oil imports to hit record on new production
BEIJING (Reuters) -- China's Iranian crude oil imports may rise to a record this year as state-owned oil firms lift more crude through their upstream investments while extending their current supply contracts, senior industry and trading sources said.
- 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
