Refining
U.S. refiners hold output at high levels as fuel inventories sag
U.S. oil refiners this quarter expect to run their plants at above 90% of their crude processing capacity on low inventories and improving demand for gasoline and diesel.
Neste changes its guidance due to unplanned shutdown of Rotterdam refinery
Neste’s Rotterdam refinery has been shut down due to a fire on 8 November 2024. The fire has been extinguished and did not cause any injuries.
Indonesia proposes increase in biodiesel mix to 50% in 2028
Indonesia's government is proposing to increase the mandatory blend of palm oil-based fuel in biodiesel to 50% in 2028, up from the present amount of 35%.
Shell Catalysts & Technologies, Licella to develop global low-carbon biomass-to-biofuel commercial solutions
Shell Catalysts & Technologies and Licella have formed a new upgrading technology collaboration to develop a low-carbon, integrated solution for converting biomass into advanced biofuels. This initiative aims to unlock a new value chain for the production of low-carbon fuels, addressing growing global demand for sustainable energy solutions, including sustainable aviation fuel.
Polish oil refiner Orlen may suspend or cancel olefins project
Polish oil refiner Orlen will not continue with its olefins petrochemical project in its current form and will decide by December between "optimizing," suspending or terminating the investment.
China's crude oil imports fall for sixth straight month on refinery closure
China's crude oil imports fell 9% in October, a sixth consecutive monthly year-on-year decline as a plant closure at a state oil refinery adds to weaker demand from independent refiners.
France selects three industrial projects for Le Havre port
The French government has selected winning proposals for a hydrogen (H2) import terminal, a renewable fuels facility and a lithium production factory to be built at the state-run port of Le Havre as part of an effort to attract industrial investment.
U.S. fuel ethanol exports rise on strong international demand and low U.S. prices
U.S. fuel ethanol exporters are on track to export a record amount of the fuel in 2024. The increase in exports this year has largely been driven by demand in countries with biofuel blending mandates and cheaper-than-usual U.S. fuel ethanol prices.
Marathon Petroleum's 3Q profit beats, boosts share buybacks by $5 B
Oil refiner Marathon Petroleum reported its third-quarter earnings on Tuesday, beating Wall Street estimates on better-than-expected throughput and utilization rates even as global refining margins decline.
U.S. crude stocks, gasoline and distillate inventories rise
U.S. crude stocks, gasoline and distillate inventories rose in the week ending Nov. 1, the Energy Information Administration (EIA) said on Wednesday.
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