U.S.
Amber Energy approved as acquirer of CITGO by U.S. District Court for the District of Delaware
Amber Energy – led by Chief Executive Officer Gregory Goff – is committed to partnering with CITGO team members to build on its historic foundation and further strengthen CITGO as a leader in the refining, transportation and marketing of products vital to the U.S. economy.
Update: bp Olympic Pipeline begins restart process after completing repairs
The Olympic Pipeline moves refined petroleum products including gasoline, diesel and jet fuel from northern Washington to Oregon and consists of one 16-in. diameter pipeline and one 20-in. pipeline.
Update: bp's Olympic Pipeline shutdown hits airlines' fuel supply
The leak was first reported on November 11. bp restored one of the two pipelines east of Everett that had been shut to determine the source of some product discharge. The restored line was shut down again shortly afterward, halting refined product deliveries on the system.
Vietnam's Binh Son refinery steps up U.S. oil imports
Vietnam has been seeking to buy more U.S. goods to narrow a trade gap between the two countries since Trump threatened in April to impose tariffs on Vietnamese products.
Phillips 66 Aviation expands EPOS solutions for FBO
The company is introducing FBO Director, a new EPOS platform, and integrating Contract Fuel & Phillips 66® Aviation WingPoints® processing, providing FBOs with more flexibility and efficiency in managing their operations.
Update: bp crew excavates Olympic Pipeline, yet to find cause of leak
bp said on Friday its Olympic Pipeline crew excavated more than 100 ft (0.03 km) of pipeline following a leak earlier this month near Everett, Washington (U.S.), but have not yet identified the source of the leak.
India's Reliance stops importing Russian crude for refinery operations
The Indian conglomerate, which has a long-term deal to buy nearly 500,000 bpd of crude from Russian major Rosneft, had said it would abide by sanctions against Moscow while maintaining ties with current oil suppliers.
EIA: U.S. crude stocks fall on higher demand, fuel inventories rise
U.S. crude stocks fell as refining and export demand rose, while gasoline and distillate inventories rose last week.
Update: bp shuts down Olympic fuel pipeline after partially restoring system affected by leak
The company restored one of the two pipelines east of Everett, Washington (U.S.) on Monday that was shut to determine the source of some product discharge
Trump administration may delay biofuel import credit cuts as refiners balk
The delay now under discussion could please domestic oil refiners that have invested in the bio-based diesel sector but would risk frustrating U.S. farmers and biofuel producers.
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Addis Energy secures $8.3 MM to scale its transformative approach to low-cost ammonia production 12/5
- World Fuel Services supplies cruise line with waste-based biofuels 12/5
- Chevron announced $18 B-$19-B CAPEX budget for 2026 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
