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Refining

Indonesia's Pertamina to slash capacity at second-biggest refinery due to upgrade

Indonesia's state energy company Pertamina will reduce production capacity at its Balikpapan refinery starting in the third week of February as an upgrade of the facility advances.

Germany's Habeck: Poland committed to crude supply in case of Schwedt nationalization

German Economy Minister Robert Habeck said in Warsaw that Poland has given reassurances that it will continue to provide the Schwedt refinery with crude oil in the event that Germany nationalizes Rosneft's German activities.

Mexico orders expropriation of Air Liquide plant at Pemex oil refinery

Mexico's government has ordered the expropriation of a hydrogen plant at a Pemex oil refinery that was sold to French company Air Liquide during the previous administration, after officials ordered a temporary occupation of the facility last December.

Phillips 66 reports fire at its Billings, Montana, refinery

Phillips 66, said there was a fire at its 60,000-bpd Billings, Montana, refinery which resulted in visible smoke.

Investors dump oil after U.S. refinery shutdown

Portfolio investors abandoned hope for an early rally in crude prices after a site-wide electricity failure caused an unexpected shutdown in production at bp’s refinery at Whiting in Indiana on Feb. 1

U.S. oil refiners beat Wall Street bets, expect demand to grow in 2024

Major U.S. fuel makers beat Wall Street's earnings expectations in the fourth quarter on strong refining margins and operating performance, and they predicted profits would rise again this year thanks to global demand growth.

Shell resumes oil supply to Nigeria's state refinery ahead of restart

Shell Plc's Nigeria unit said it has resumed supply of crude oil from its Bonny export terminal to the state-owned refinery in Port Harcourt which is expected to start operations in the first quarter of this year.

Ukrainian drones attack two oil refineries in southern Russia

Ukrainian drones attacked two oil refineries in southern Russia's Krasnodar region, causing a large fire at the Ilsky refinery during operations conducted by the SBU security service.

Czechs close to buying Shell stake in MiRO refinery

Czech oil pipeline operator MERO is in the final stages of talks to buy Shell Deutschland's 32.5% stake in the Mineraloelraffinerie Oberrhein refinery in Karlsruhe.

Japan's Cosmo expects around 90% refinery run rate in 2024-25

Japanese oil company Cosmo Energy Holdings expects its refinery run rate to hover around 90% in the business year starting in April as it plans maintenance shutdowns at its Chiba and Yokkaichi sites.