Refining
Brazil exports diesel to Europe as patterns reverse
At least two 37,000-ton cargoes of diesel, on the tankers Torm Gunhild and MT Alexandros, have sailed in recent weeks from Brazil to Europe, according to Reuters ship tracking data and traders.
Saudis raise crude oil pricing for Asian refiners by most in over a year
Refiners may choose to not take full contracted volumes, instead seeking alternative crudes on the spot market or access the large amount of crude stored around the region.
Growing gasoline, diesel glut sparks sharp sell-off in global oil markets
The sell-off came amid warnings that supplies could outpace global demand even during the peak summer driving season that traditionally kicks in at the end of May.
Canadian wildfire could limit oil supply to refiners
The United States imports about 3.5 MMbpd of Canadian crude, which is particularly important for US refiners from Ohio to the Dakotas.
Brazil’s fuel consumption falls as economy shrinks
Brazil became one of the largest and fastest-growing oil consumers in the world, and the country's rapid growth was itself a source of upward pressure on oil prices. But consumption growth began to slow significantly from the middle of 2014 as the price of oil tumbled.
Engineering unit of China’s CNPC to build first refinery in Cambodia
Northeast Refining and Chemical Engineering Co.(CNPCNE) is scheduled to complete building the first phase of the project of 2 MMtpy, or about 40,000 bpd by 2018, Xinhua said.
Primus, Tauber Oil sign US methanol offtake deal
Tauber Oil will offtake all methanol produced by the Primus Green Energy plant -- utilizing low-cost Marcellus gas feedstock -- to market, sell and distribute into the regional market.
Saudi Aramco extends bid date for Ras Tanura clean fuels project
The Ras Tanura clean fuels project, which includes a naphtha hydrotreater, was to be part of a second phase of upgrades and was originally due to go on stream in 2016.
Newest US refinery cuts rates as market slumps
MDU Resources and Calumet, which jointly own the refinery, said on Wednesday the refinery is running at 75% capacity due to high operating costs and slipping demand for diesel.
China cuts West African oil imports as refiners cite delays, full tanks
Chinese loadings of West African crude declined from 19-month highs in May as delivery delays, port congestion and full tanks scuppered interest from private 'teapot' refiners.
- HIF Global and German eFuel One GmbH sign HoA for e-methanol offtake 2/20
- Venezuela's refineries boost processing to 35% of capacity 2/20
- New Trinidad gas projects could provide necessary feedstock for country's petchem and LNG sectors 2/20
- MK-Polymer delivers ethylene-propylene rubber to JSC Kazenergokabel 2/20
- Mexican authorities shut down 22-m long tunnel used in illegal smuggling of fuel supplies 2/20
- Digital Feature: First-stage ejector nozzle retrofit achieves meaningful performance improvement 2/20
