Refining
ExxonMobil to expand distillates output at Altona refinery in Australia
ExxonMobil Corp. plans to add 10 Mbpd of diesel and jet fuel production capacity at its refinery in Melbourne, Australia.
Pemex could give up majority stakes in refineries
Pemex's CFO says the company is seeking partners to operate its money-losing refineries and plans to "dilute" its ownership in the plants.
US refiners seek alternatives to Canada oil sands crude
The widespread regional fire is putting a big dent in imports from Canada, and while there are other plentiful sources, they will take time to move to the US Midwest.
IEA: Oil outlook brightens as output disruptions erode surplus
Demand growth, which is unchanged since April, remains at about 1.2 MMbpd, with India, China and Russia helping support demand.
Worker killed in accident at Komsomolsk refinery of Russia’s Rosneft
The worker was from a contractor firm working on the site, Rosneft said in a statement. The accident occurred during tests at a pipeline which was undergoing maintenance works.
US refiners tighten belts as golden era fades
US independent oil refiners are shelving projects and tightening budgets as a global glut of diesel and gasoline erodes their profit, ending a golden era of high refining margins.
US fuel inventories tumble as refiners cut rates
Gasoline and distillate inventories also dropped more than expected, as refining rates fell, new data from the Energy Information Administration (EIA) showed.
ExxonMobil reports death of contractor in work at Beaumont refinery
The AltairStrickland worker was struck in the head and neck area by piping that was being removed from a heat exchanger, a local sheriff's office spokesperson said.
Oil rally stalls as refining fundamentals weaken
Refining margins have also started to soften, which could be a bad sign for oil demand if they encourage refiners to cut crude processing, according to the analyst.
India, Iran reach payment deal allowing refiners to buy Iranian crude
Indian refiners have been holding 55% of the oil payments to Iran after a prior route was halted in 2013. Iran was India's second-largest oil supplier before the recent sanctions.
- Technip Energies, Shell Catalysts & Technologies move towards an exclusive global alliance for carbon capture 11/14
- SOCAR, Baker Hughes partner on integrated gas recovery, H2S removal system at the Heydar Oil Refinery 11/14
- India shaping up as refining hub, to rely on fossil fuels until 2040 11/14
- Sinopec starts up 1.2-MMtpy ethylene complex in north China's Tianjin 11/14
- US refiner margins to stabilize next year as plant closures cut supply 11/14
- Germany blocks oil firms from using past emissions credits to support biofuel industry 11/14
