Refining News


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OPEC's Output Curbs Squeeze World's Biggest Oil Refining Complex
Monday, October 16, 2017 Being sophisticated in the age of OPEC output curbs can prove a disadvantage, as the operator of the world's biggest oil-refining complex is discovering.

EU Imposes Oil Embargo On North Korea In Symbolic Gesture
Monday, October 16, 2017 The European Union banned the sale of oil and oil products to North Korea.

Mercuria: Record US Oil Exports Set To Surge Further
Friday, October 13, 2017 Already record US oil exports are set to surge further in the coming month.

OMV Flags Higher 3Q Margins, Kurdistan Windfall
Friday, October 13, 2017 OMV says its refining margin rose to $7.04 per barrel in the third quarter.

Total Expands Presence in Mexico
Thursday, October 12, 2017 Mexican service station group makes retail deal with Total.

EIA: US Crude Inventories Fall, Gasoline Posts Surprise Build
Thursday, October 12, 2017 US crude oil inventories fell last week as refining rates rose, while gasoline posted an unexpected hefty build, the EIA says.

Europe's Natural Gas Traders Have a Bone to Pick With Italy
Wednesday, October 11, 2017 Italy is looking to shed its status as one of Europe's most expensive gas markets, but the way it plans to do so has riled traders.

Executive: China Independent Oil Refiners Set Up $5B Joint Venture
Wednesday, October 11, 2017 A group of six Chinese independent oil refiners set up a $5B joint venture to compete with state-owned giants and the rise of private chemical giants, a senior executive says.




Jacobs Signs Sulfur Recovery Tech Deal with Shell-Pique's JV
Wednesday, October 11, 2017 Paquell gains access to biological process that converts mercaptans, H2S into sulfur, says Jacobs.

Wood Group Wins Total Refinery Maintenance Contract
Wednesday, October 11, 2017 John Wood Group says it won a multi-million dollar contract from Total.

Canadian Oil's High-Priced Run Set to End as Supply Surges
Wednesday, October 11, 2017 Canadian oil-sands producers enjoying the strongest market for heavy crude since 2008 will soon face a renewed glut.

EIA: US Heating Costs Forecast To Be Higher This Winter
Wednesday, October 11, 2017 Most US households can expect higher heating expenditures this winter than in the previous two years, according to the government's Winter Fuels Outlook.

North Sea Oil Sandwiched as US Ships Crude Like Never Before
Tuesday, October 10, 2017 As crude oil gushes out of the US like never before, it looks increasingly like North Sea oil will suffer collateral damage.

Iraq and Iran Boost Oil Exports in Sales Battle With Saudis
Tuesday, October 10, 2017 Iraq and Iran boosted crude exports in September, taking advantage of a slower pace of shipments from rival Saudi Arabia to win buyers in key markets like China and the US.

Sources: India's IOC Buys New US Crude Grades For December Delivery
Tuesday, October 10, 2017 Indian Oil Corp buys two new types of US crude for December delivery as it tests different grades from the United States, trade sources say.

Kazakh Energy Officials Fired Over Gasoline Shortages
Tuesday, October 10, 2017 Kazakh Prime Minister Bakytzhan Sagintayev fires two senior energy officials after the Central Asia's biggest oil exporter reported fuel shortages on the domestic market.

India Wants Foreign Investors For $300B Worth Of Energy Projects
Tuesday, October 10, 2017 India wants to attract foreign investors to $300 billion worth of energy projects planned for the next decade, its oil minister says.

Saudi Aramco Plans 'Mega Investment' in World's Top Oil Guzzler
Monday, October 09, 2017 The oil industry is pinning its hopes on India and China, together home to four of every 10 people in the world.

Philadelphia-area Refiners Urge Trump to Reform Biofuels Program
Monday, October 09, 2017 The US renewable fuel program is pitting the oil industry against the powerful farm lobby.

CNOOC Completes Test Runs at Huizhou Refinery in Guangdong - Report
Monday, October 09, 2017 CNOOC completed trial runs at its 200,000-bpd Huizhou refinery in the southern Guangdong province on Oct. 2, China Securities Journal reported on Monday.

Shell, Varo End Talks on Germany Refinery Stake Sale
Friday, October 06, 2017 The two companies said last December that they had entered advanced talks on the stake sale, but the negotiations have been "discontinued", a spokeswoman for Varo told Reuters.

Contractor Died at Valero Corpus Christi Refinery-Company
Friday, October 06, 2017 A contractor died at Valero Energy Corp's Corpus Christi, Texas, refinery on Wednesday, the company said on Friday.

Transneft: Oil Supplies to Lukoil's Norsi Refinery Suspended Due to Fire
Thursday, October 05, 2017 Crude oil deliveries to Lukoil's Norsi refinery in the Nizhny Novgorod region have been resumed after a fire at the facility, Russian pipeline monopoly Transneft.

Refinery Blazes to Dent Shell 3Q Earnings
Thursday, October 05, 2017 A recent string of fires at Royal Dutch Shell's refineries, including at Europe's largest, is expected to hit the oil and gas company's third-quarter profit and deal a setback to its efforts to improve the segment's performance.

Sources: Shell Prep Louisiana Refineries to Keep Running in Storm
Thursday, October 05, 2017 PBF Energy and Royal Dutch Shell Plc were preparing their Louisiana refineries to keep running during Tropical Storm Nate, which is forecast to make landfall in the state on Sunday, sources familiar with plant operations said.

North Sea Oil Market Waves Red Flag At Brent Bulls
Wednesday, October 04, 2017 A recovery in US crude exports and falling European refining margins have sent prices of North Sea barrels tumbling.

EIA: US Crude Stocks Fall As Exports Hit New Record
Wednesday, October 04, 2017 US crude oil stocks fell sharply last week as crude exports rose to a record high of nearly 2 million barrels per day, the Energy Information Administration says.

Venezuela Confirms Discussing Citgo Collateral Swap With Rosneft
Wednesday, October 04, 2017 PDVSA is negotiating to swap Russian oil producer Rosneft's collateral in Venezuelan-owned, Citgo, adding that results are expected 'very soon.'

Sources: India's Reliance Makes First Purchase Of US Crude
Tuesday, October 03, 2017 Reliance Industries has purchased crude oil cargoes from the United States for the first time.

Kemp: Hedge Funds Amass Record Bullish Position In Distillates
Tuesday, October 03, 2017 Hedge funds have accumulated a record bullish position in middle distillates such as diesel, heating oil and gasoil, anticipating stocks will be relatively tight this winter.

China Oil Stars Risk Being Dimmed by Their Giant Version 2.0
Monday, October 02, 2017 A new generation of firms building some of the globe's biggest plants are threatening to eclipse China's independent refiners.

More Fuel On Way To Puerto Ricans, Power Still Down For Most
Monday, October 02, 2017 Puerto Rico Governor Ricardo Rossello reports progress in getting fuel supplies to the island's 3.4 million inhabitants as they faced a 13th day largely without power.

Noble Group Expects To Sell Oil Liquids Business By End-December
Monday, October 02, 2017 Noble Group Ltd (NGL) expects to sell its oil liquids business by the end of December.

European Sales of Gasoline-powered Cars Overtake Diesel - ACEA
Friday, September 29, 2017 The shift saw gasoline car sales rise by nearly 10 percent from the first half of 2016.

Trump Told Iowa He'd Save Ethanol. His EPA Chief Has Other Ideas
Friday, September 29, 2017 "This seems like a bait-and-switch," Iowa's senior Republican senator said.

Mexico's Pemex Sees Salina Cruz Refinery Restart 3rd Week of Oct
Thursday, September 28, 2017 Located on Mexio's Pacific coast, Salina Cruz is the country's largest refinery.

US Biofuel Credit Prices Fall as EPA Considers Change
Thursday, September 28, 2017 The EPA reportedly is weighing a change to US biofuels policy that would allow exports of ethanol to count toward the country's annual biofuels volumes mandates.

US Fuel Demand Hits Highest Level in a Decade for August
Thursday, September 28, 2017 US fuel consumption to its highest level in a decade for the month of August, driven by a rise in distillate demand, the American Petroleum Institute said.

From Houston With Love: Asia's Bitten by US Oil Export Bug
Wednesday, September 27, 2017 As plunging regional output starves Asian oil buyers of high-quality crude, they are developing a taste for something new.

Mexico's Pemex Sees Salina Cruz Refinery Restart Third Week October
Wednesday, September 27, 2017 Pemex says it expected its Salina Cruz refinery to resume operations by the third week of October, after a series of natural disasters kept the facility offline.

US Fuel Exports Recover After Harvey, Offering Buyers Respite
Wednesday, September 27, 2017 Fuel exports from the US Gulf Coast are rising rapidly as refineries recover from weeks of disruptions due to Hurricane Harvey, offering respite to buyers.

Hurricane Maria Hits US Refineries Without Touching Land
Tuesday, September 26, 2017 At least two East Coast refineries are making less gasoline and diesel as rough Atlantic seas hamper the transfer of crude oil from ships to barges for delivery to the facilities.

How Refiners See the 0.5 Percent Sulphur Fuel Production World
Monday, September 25, 2017 Many refiners are not properly equipped for the low-sulphur transition and will need to revisit their business models.

Exxon's Baytown, Texas Refinery Operations Normal
Monday, September 25, 2017 ExxonMobil says operations at the company's Baytown refinery have returned to normal.

'Game-Changer' Canada Oil Sought by Japan Refiner Going Solo
Monday, September 25, 2017 Cosmo is emerging from the revamp with its independence intact. It's now considering buying Canadian oil for the first time ever

Europe Diesel Exports Hit Record as Harvey Redraws Trade
Friday, September 22, 2017 Traders expect the European exports to continue for several more weeks.

Sri Lanka in Talks with Two Chinese Firms for $3 Bln Refinery
Friday, September 22, 2017 Sri Lanka wants to build a new refinery in its southern Hambantota port.

Stormy Weather Exposes Shortcomings Of World's Oil Refineries
Thursday, September 21, 2017 Harvey's crippling impact on US oil refinery operations and the challenge buyers faced in filling the gap in gasoline supplies has exposed a shortage of spare refining capacity around the globe.

NZ Jet Fuel Rations Increased As Govt Calls In Navy To Beat Shortage
Thursday, September 21, 2017 New Zealand will partially ease fuel rationing, a spokesman for the country's oil industry says.

ExxonMobil Starts Fuels Production at Baytown, Beaumont
Thursday, September 21, 2017 Company says Texas refineries resume fuel production and chem plants are ramping up.

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