Refining
Nigeria destroys two illegal oil refineries in Delta
The six people arrested, alleged to have been running a warehouse to store illegally refined products, were arrested in Rivers state. The navy also said it had destroyed two illegal refineries.
Union: Kuwait’s oil, gas worker strike remains on course for Sunday
"There are no negotiations between the unions and the government over the strike," Farhan al-Ajmi, head of the Petrochemicals Industries Co. workers union, told Reuters.
US gasoline use comes in stronger than expected
A larger-than-expected draw in gasoline inventories and falling US crude production softened the blow of soaring crude stocks. Gasoline fell by 4.2 MMbbl to 239.76 million, compared with an analyst forecast for a 1.4-MMbbl draw.
Bulgaria’s anti-monopoly group raids fuel sellers
The competition authority launched a full investigation after an analysis of the EU country's fuel sector between 2013 and 2015. It found that the retail price policies of the seven companies were very similar and too slow to reflect falls in wholesale and production prices.
Saudi Arabia secures $23B deal to supply refined products to Egypt
Saudi Arabia is to provide Egypt with 700,000 tons/month of petroleum products under a $23-billion deal over five years between Saudi Aramco and the Egyptian General Petroleum Corp.
Global diesel glut looms as refiners hike rates to meet gasoline demand
Oil refiners are shifting into high gear to provide as much gasoline as possible for fuel-hungry drivers, and that could lead to a growing diesel glut further down the road.
Analysts wonder if US gasoline consumption data may be overstated
The US consumption figures are so high that some analysts question whether the gasoline is actually being exported rather than consumed domestically.
US gasoline prices rise as demand improves
The rise in gasoline prices is partly because of a seasonal increase in demand as more people are on the road as the weather improves and the days are longer.
API poll: High ethanol mandates worry US voters
“Across the political spectrum, voters are concerned about the significant damage the RFS mandate and higher ethanol blends could cause to automobiles, motorcycles and almost every type of gasoline powered engine,” said Frank Macchiarola, downstream group director at the API.
Kuwait’s oil, gas workers plan to go on strike
Workers fear reduced salaries, benefits and layoffs will be part of a planned government overhaul of the payroll system in the public sector, according to the union.
- NAPCOR releases 2024 PET recycling report highlighting system efficiency gains and continued strength of PET circularity 12/12
- OQ courts other partners for petrochemical complex in Oman as SABIC drops out 12/12
- Brazil's BNDES approves $71 MM for carbon storage project 12/12
- Cuba on edge as U.S. seizure of oil tanker puts supply at risk 12/12
- China oil demand to plateau between 2025 and 2030 12/12
- Germany's PCK refinery says no impact from pipeline leak 12/12
