Refining
Canada shift crude oil exports to China, an unintended consequence of U.S. energy tariffs
If there is a law of unintended consequences, then a good example is how commodity markets are adjusting to both the realities and the perceived threats of the tariff war launched by U.S. President Donald Trump. An example of this is seaborne exports of crude oil from Canada, which have shifted away from the United States and towards China, even though Trump backed away from his initial plan to impose a 10% tariff on energy imports from Canada.
Libya says oil leak occurs in pipeline south of Zawiya city
An oil leak forced the shutdown of a pipeline south of Libya's city of Zawiya, the National Oil Corporation (NOC) said on Saturday.
Saudi Arabia's refining boom helps it weather oil price war
Saudi Arabia has been cranking up oil refining operations to capture strong profit margins, helping the kingdom offset revenue lost from declining crude prices and exports.
SOCAR, Gunvor, Bin Butti to bid for refiner Italiana Petroli
State Oil Company of Azerbaijan (SOCAR), global commodity trader Gunvor and Abu Dhabi-based Bin Butti Group are expected to submit binding offers for Italian oil refiner Italiana Petroli (IP) next week.
Ecuador's biggest oil refinery stops operating as precaution due to fire
A fire that erupted in a fuel oil tank on Monday at Ecuador's biggest oil refinery is under control, state oil company Petroecuador and the country's energy minister said
Saudi Aramco considers asset sales to free up funds
Saudi state oil giant Aramco is exploring potential asset sales to free up funds, as it pursues an international expansion and weathers lower crude prices.
Hunt Refining's Tuscaloosa refinery (U.S.) expedites maintenance, repairs on fire-damaged coker unit
Hunt Refining has expedited and started maintenance and repairs on the fire-damaged coker unit at its 63,000-bpd petroleum refinery in Tuscaloosa, Alabama last week.
Phillips 66's Los Angeles (U.S.) refinery layoffs to begin in December, sources say
Phillips 66 is expected to lay off most workers at its 139,000-barrel-per-day Los Angeles-area refinery in December.
ExxonMobil Joliet refinery (U.S.) running unit at reduced rate
ExxonMobil was operating the catalytic cracker unit at its 275,000-bpd Joliet, Illinois (U.S.) refinery at reduced rates earlier this week. The refinery ran its 98,000-bpd catalytic cracker unit at approximately 50% capacity due to unspecified mechanical issues.
Suncor reports flare replacement project at the Montreal refinery in coming weeks
Suncor has announced that it will be erecting metal structures at its 137,000-bpd Monteal refinery for a flare replacement project that will begin in a few weeks.
- Petroecuador declares emergency at Ecuador's biggest refinery after fire damages 5/30
- U.S. administration considers plan to clear record backlog of small refinery biofuel waivers 5/30
- Sinopec sets up $690-MM hydrogen-energy-focused venture capital fund 5/30
- Wartsila bets flexibility key for ethanol power generation in Brazil 5/30
- Lotte Chemical Titan signs contract to buy naphtha from Aramco Trading Singapore 5/30
- India's May diesel exports to Southeast Asia seen at multi-year highs on higher margins 5/30
