Refining
Citgo Petroleum posts record $2.8 B profit for 2022
Refiner Citgo Petroleum Corp reported record net profit of $2.8 billion for 2022 on strong motor fuel demand, high margins and refining output that exceeded its plants' listed capacity.
Indian fuel demand in February was the highest in 24 yr
India's fuel demand hit its highest level in at least 24 years in February, with industrial activity in Asia's third biggest economy boosted by cheap Russian oil.
Russia exporting diesel to Saudi via STS loadings
Russia is ramping up its diesel supplies to Saudi Arabia using ship-to-ship (STS) loadings in addition to direct supplies.
ABB wins automation contract for Cerilon’s first GTL plant
ABB will supply front-end design services, including automation and digital solutions for $2.8 billion gas-to-liquids facility.
Indonesia's biodiesel policy, dry weather to keep palm oil prices elevated
Indonesia's biodiesel policy and the likely emergence of the El Nino weather pattern could further strain global inventories of the most used cooking oil, lifting prices later this year, leading industry officials and analysts said.
Workers vote to halt production at TotalEnergies' Feyzin refinery
TotalEnergies workers on Wednesday took a majority vote to halt production at the Feyzin refinery close to Lyon as part of wider strike action across France against a planned pension reform.
Germany's Schwedt refinery losing out in race from Russian oil
Slashed output at Germany’s Schwedt oil refinery demonstrates the difficulty Berlin faces in turning away from Russian oil, despite plans to work with Poland to find alternative supply.
Lukoil has begun ship-to-ship loadings of ULSD
Russian oil producer Lukoil has started ship-to-ship (STS) loadings of ultra-low-sulfur diesel (ULSD) off its western exclave of Kaliningrad.
Chinese diesel/gasoline exports continue to rise
China's diesel exports rose for a second month in December, while gasoline exports climbed for a third month, as the country's COVID outbreak limited domestic fuel demand, and refiners utilized their expanded yearly export quotas.
Tunisia imported record number of Russian diesel/gasoil in February
Tunisia imported record volumes of Russian gasoil and diesel last month as an EU embargo forced Moscow to find new customers for its oil products.
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