Refining
U.S. gasoline stockpiles hit 2-yr low on stronger demand
U.S. gasoline stockpiles fell unexpectedly last week to a 2-yr low on strengthened demand, the U.S. Energy Information Administration (EIA) said on Wednesday, while crude inventories also posted a surprise drawdown as imports slipped.
Mexico's Pemex posts wider third-quarter loss, hit by weaker peso
Mexican state-owned oil company Pemex reported a deeper $8.2-B 3Q net loss on Tuesday, hurt mostly by a weaker exchange rate even as it benefited from support from the country's new government.
Vast and GGS Energy to bring CSP-powered green methanol and SAF to the U.S.
Vast Renewables Ltd., a renewable energy company specializing in concentrated solar thermal power (CSP) systems that generate zero-carbon, utility-scale electricity and industrial process heat, has signed a development services agreement with GGS Energy LLC, a leading energy transition development company with deep project development experience, to pursue a commercial-scale synthetic fuels project in the Southwest U.S. (Project Bravo).
Vietnam says Saudi Aramco wants to invest in oil refining, petrol distribution
Oil giant Saudi Aramco wants to invest in the oil refinery sector and petroleum distribution in Vietnam, the Southeast Asian country's government said in a statement issued late on Tuesday.
Phillips 66 refineries to run between low to mid 90% range capacity in Q4 2024
U.S. crude oil refiner Phillips 66 plans to operate its refineries in the low to mid-90% range of combined capacity of 1.5 MMbpd in the fourth quarter.
Refiner Phillips 66 reports 3Q profit beat on midstream, chemicals strength
Phillips 66 beat quarterly profit estimates on Tuesday as strength in its chemicals and midstream segments helped the refiner more than offset a slump in refining margins from lackluster fuel demand.
Canada's renewable diesel projects hit by U.S. import surge
Canadian renewable fuel producers are facing lower returns on new facilities due to a slump in British Columbia's low carbon fuel standard (LCFS) credit market, a trend expected to persist amid a flood of exports from the United States.
Enterprise opens new facility in Utah to expand strategic fuel storage
Enterprise Products Partners said the second phase of its Texas Western Products System, which houses 400,000 bpd of gasoline and diesel, was now complete with truck loading operations beginning at company's fuel terminal located in Utah.
Angola's Cabinda oil refinery to start up by April
Angola's Cabinda oil refinery is set to begin production by April, as it completes its first phase just ahead of schedule but over budget.
Carbon Clean announces fully column-less carbon capture with launch of CycloneCC C1 series
Carbon Clean, a leader in revolutionizing carbon capture solutions, has launched its breakthrough CycloneCC C1 series, marking the penultimate stage in the technology’s commercialization.
- ExxonMobil plans 1 Blbs/yr of advanced recycling by 2027 11/22
- Gauging the likely Trump effect on U.S. energy and power sectors 11/22
- Russia's Lukoil restoring cracker at NORSI refinery, gasoline output rising 11/22
- Nigeria's local currency crude sales fall short of target, Dangote refinery says 11/22
- U.S. October gasoline imports hit post-pandemic low on slump in European shipments 11/22
- Clean Hydrogen Works awards McDermott FEED contract for Ascension Clean Energy (ACE) project 11/21
