Refining
Refinery outages, stock draw boost US gasoline
Traders said the rise, which spread throughout the oil complex, stemmed largely from a report by energy intelligence firm Genscape of a 600,000-bbl draw in East Coast gasoline stocks last week.
Looming gasoline glut threatens global recovery in crude oil prices
Several major gasoline importing countries have started to export, as excess supplies of fuels overflow storage facilities and erode refinery profits.
Bulgaria continues raids in fuel pricing probe
Bulgarians complain of high fuel costs despite a plunge in global oil prices and a call by Prime Minister Boiko Borisov for the competition authority to speed up its market investigation.
Bangladesh to cut prices for gasoline, kerosene, diesel by up to 10%
Prices of petrol and 95-octane gasoline have now been reduced by 10 taka/liter and diesel and kerosene by 3 taka/liter, said Nasrul Hamid, junior minister for power, energy and mineral resources.
Indian refiner Reliance seeks more Iranian oil
The company had made small purchases from Iran in the current quarter and was currently engaged in talks for bigger supplies, indicating that it could also get into a long-term supply contract.
Indian Oil, CB&I commission landmark FCC unit at Paradip refinery
The start-up is a major landmark for the petroleum industry and represents one of the largest single-train, high olefin yield FCC units globally, according to project officials.
Uganda says Tanzania offers to buy stake in planned new refinery
Uganda has been discussing plans for a refinery for about seven years. It would process some oil from fields it is developing, although most crude would be exported.
China’s Sinochem Hongrun sells first fuel export
Sinochem Hongrun, partly owned by state-run Sinochem Corp., sold a 35,000-ton cargo of 92-octane gasoline to trading house Trafigura, the sources said, and it was being loaded on Wednesday.
Indonesia’s Pertamina to pick partner in April for $12B Tuban refinery
Pertamina is currently in talks with Saudi Arabian national oil giant Saudi Aramco, China's Sinopec Corp., Kuwait Petroleum International (KPI), Russia's Rosneft and a consortium involving Thailand's PTT Global Chemical and Thai Oil, said Pertamina refineries director Rachmad Hardadi.
Chinese diesel exports rise over 300% from 2015
Gasoline exports rose 9.1% in March from a year earlier to 670,000 tons, while kerosene exports fell 7.4% on year to 1.03 million tons, the Chinese data showed.
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