Refining
EIA: U.S. crude, fuel inventories rose in the week ended December 19
Monday's data release was delayed over six hours and released after the oil market had closed.
Ghana's Tema oil refinery restarts after 9-yr shutdown
Refining began on December 19 at the 45,000-bpd refinery, which had been shut since 2017.
Five energy market trends to track in 2026, the year of the glut
This past year was a wild one for the oil and gas industry, punctuated by the 12-day Israel-Iran war in June, U.S. President Donald Trump's trade wars, the intensified targeting of energy infrastructure in Russia in its war against Ukraine, OPEC’s often perplexing production decisions and the recently threatened U.S. blockade of Venezuela.
Eneos plans to shut Marifu CDU in mid-January for maintenance
The refiner, a unit of Eneos Holdings, restarted the 172,100-bpd No. 2 CDU at its Kawasaki refinery near Tokyo on November 21 after it had been shut since August 16 for a planned turnaround.
Asia refinery 2025–2026 maintenance/outages
The table lists planned and unplanned refinery shutdowns for 2025 and 2026 compiled through a survey of Asian oil refiners and market sources.
Serbia's NIS gets U.S. approval to negotiate sale of Russian stake
The U.S. Treasury Department's Office of Foreign Assets Control imposed sanctions on NIS in October, as part of broader measures against Russia's energy sector, after granting a series of waivers since January.
Egypt, Qatar's Al Mana Holding sign $200-MM SAF deal
The project will be developed in three phases and will span 100,000 m2 in the Integrated Sokhna Zone on Egypt's Red Sea coast.
China's teapots boost Russian ESPO buying amid record discounts
Discounts for Russian ESPO Blend crude loading in January have widened to a record $7–$8 per barrel versus ICE Brent upon delivery in Chinese ports, as Western sanctions pressure weighs on the grade.
Asia oil floating storage seen declining on lower exports, China buying
The volume of oil stored on board ships in Asian waters, which has tripled since September to a 3-yr high, is poised to decline as producers of sanctioned oil slow exports and Chinese refiners ramp up buying.
- Ineos to shut polystyrene facility in Illinois (U.S.) by the end of the year 6/19
- How ASTM approval of methanol-to-jet accelerates SAF at scale 6/19
- EU crafts plan to give industries extra free CO2 permits this year 6/19
- PetroChina forecasts Chinese oil consumption will drop 4.9% this year 6/19
- Digital Exclusive: Water injection pump mechanical seals failure after pump shutdown 6/19
- Russian gasoline output down 25% so far in June after drone attacks on refineries 6/19
