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Refining

Nigeria aims to eliminate refined product imports within next 18 months

Nigeria's four refineries have never reached full production because of sabotage and poor maintenance, causing the country to rely on expensive imported fuel for most of its energy needs.

US regulators eye increase to truck fuel efficiency

The decision by the US National Highway Traffic Safety Administration (NHTSA) and Environmental Protection Agency to consider additional public comments through April 1 comes amid a sharp slump in US large truck sales that has sparked thousands of layoffs.

Phillips 66 reports emissions, plant repairs at Borger refinery in Texas

"The line going to Unit 34's SRU [sulfur recovery unit] incinerator is partially plugged with sulfur," Phillips 66 said in a filing to the Texas Commission on Environmental Quality. The company said that sections of that line will be heated in an effort to melt out the sulfur.

Petrobras confirms explosion at Texas refinery as worker suffers burns

The explosion caused extensive damage to a 35,000 bpd light cycle oil hydrotreater, also called a hydrogen desulfurization unit, which uses hydrogen to convert the oil into diesel and remove sulfur.

European refiners increasingly turn to light US oil

Many European refiners face the problem of not having run a US crude through their systems in living memory and, as such, are wary of doing so, even though the numbers might make economic sense.

Kuwait refines crude pricing strategy in battle for European customers

Large sales from Iraq's Kurdistan into Europe have added to the competition and now Kuwait -- a usually little-noticed seller in Europe -- is both increasing sales and making its crude more attractive.

Thai Oil starts up first linear alkyl benzene plant

The plant has production capacity of 100,000 tpy, and the Thai refiner plans to export half of the output to India and other Southeast Asian countries, the company's CFO said.

Low oil plays uneven role in global gasoline prices

All countries have access to the same oil prices on international markets, but retail gasoline prices vary wildly, largely because of the taxes and subsidies imposed on them.

Asia nears first gasoline shortage in over 15 years

A tightening gasoline market in Asia would coincide with an expected late 2016 to early 2017 puncture of a global crude glut, lending support to a recovery in oil prices.

Saudis raise crude prices for Asian refiners as demand strengthens

The Saudis have become more convinced that the demand gains in oil from Asian refiners are sustainable, giving them the confidence to start raising prices.