Refining
Diesel profit margins decline amid lower demand, more capacity
Profit margins for diesel are slumping as new refineries boost supplies and as mild weather in the northern hemisphere and slow economic activity eat into demand, putting oil prices under further downward pressure.
World Energy and Boston Consulting Group sign agreement on SAF certificates
Boston Consulting Group today announced it has signed an agreement for the purchase of sustainable aviation fuel certificates with World Energy, the sustainable aviation fuel (SAF) producer and low-carbon solutions provider.
Analysis: Chandra Asri purchase of Shell Singapore refinery brings scale, risk
While Chandra Asra's deal to buy Shell's Singapore refinery will see it join the ranks of Southeast Asia's largest petrochemicals players, it is taking on the risk of running an aging facility in a highly competitive sector.
Analysis: Shell's Singapore refinery sale and its market significance
Oil giant Shell has agreed to sell its Bukom refinery in Singapore—one of the world's largest oil refining and trading centers—to a joint venture of Indonesian chemicals firm PT Chandra Asri and global trading house Glencore, culminating a process that began last year.
bp profit slides by 40% as refinery outage offsets higher output
bp's 1Q earnings plunged by 40% to $2.7 B, missing forecasts after lower energy prices and a U.S. refinery outage offset increased oil and gas production.
bp’s Cherry Point refinery turns feedstock into renewable diesel fuel. Here’s how.
bp is boosting biofuels production to 50,000 bpd globally by 2025. Here, bp provides insight into the company's Cherry Point refinery, in Washington state (U.S.), and the facility's co-processing techniques.
Heavy oil shortages are driving up refiners' cost
Mexican export cuts and a rerouting of Canadian output are shrinking already limited supplies of heavy crude in the Atlantic basin, driving up refiners' costs with a likely knock-on effect to industries ranging from shipping and construction to Middle Eastern power plants.
U.S. West Coast refinery demand for hydrogen increasingly met by merchant suppliers
U.S. West Coast refiners are using more hydrogen purchased from merchant suppliers than from their own production.
Shell in talks to sell Malaysia fuel stations to Saudi Aramco
Shell is in talks with Saudi Arabia's state-owned Saudi Aramco to sell its gas station business in Malaysia, a deal that could be worth up to $1 B.
India's fuel demand increases more than 6% y-o-y
According to the country's Petroleum Planning and Analysis Cell, India's fuel consumption rose by 6.1% year-on-year in April.
- Consortium to launch world's first commercialized PET bottle using bio-paraxylene 10/31
- Cepsa becomes Moeve 10/31
- Refiner PBF Energy posts bigger-than-expected 3Q loss as margins collapse 10/31
- Russia's Tuapse oil refinery to resume operations in November 10/31
- Shell's $6-B profit smashes forecasts as LNG offsets weak refining 10/31
- Consortium introduces world's first pharmaceutical bottle partially made with wood-based plastics 10/30
