Refining News


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Indian State Oil Firms Betting On Natural Gas As Next Big Thing
Friday, November 17, 2017 India's state oil refiners are planning an aggressive push into natural gas in coming years to meet Prime Minister Narendra Modi's goal of making the fuel a bigger part of the country's energy mix.

Middle East, US Crude Oil Curbs Indian Appetite For African Supplies
Friday, November 17, 2017 India's imports of African crude oil in October plunged to their lowest in over 4 years, turning to the United States and Middle East.

Kemp: Distillate Fuel Oil Market Set To Tighten In 2018
Friday, November 17, 2017 US refineries are struggling to meet booming demand for distillate fuel oil at home and in export markets.

Romania Closes One Case Against Russia's Lukoil, Related Trial Still On
Friday, November 17, 2017 Romanian prosecutors have decided to close a criminal case against Russia's Petrotel Lukoil refinery.

China's Oil Refiners Rush To Cash In On Bumper Profits
Thursday, November 16, 2017 Chinese oil refiners are churning out record amounts of fuel in the last quarter of 2017, looking to cash in on the best refining profits in nearly two years after a rally in diesel and gasoline prices.

Sources: China's Zhenhua Oil Wins First Diesel Tender With Iraq's SOMO
Thursday, November 16, 2017 Zhenhua Oil will supply diesel to Iraqi state-oil marketer SOMO through a term contract for the first time.

Petrobras CEO Says To Discuss Refining Partnership With CNPC CEO
Wednesday, November 15, 2017 Petrobras CEO Pedro Parente said he will meet this month with the CEO of China National Petroleum Corp.

Venezuela's PDVSA To Tap Oil Customers To Pay $449MM To ONGC
Wednesday, November 15, 2017 PDVSA will use existing crude oil customers or new Indian state buyers as intermediaries to settle $449 million owed to India's ONGC Videsh.




Oil Seen As Real Prize of Iran's Kurdish Adventure
Tuesday, November 14, 2017 After helping Iraq stifle a Kurdish push for independence, Iran is now positioning itself to take control of oil exports from the region's giant Kirkuk field.

Women Breach World of Big Oil Where 80% of Workforce Is Men
Tuesday, November 14, 2017 Ryu Bokyoung is confident she can do anything a man does in the sprawling Ulsan refinery in South Korea. The challenges that come with being a woman in the traditionally male-dominated oil industry have never stopped her.

Initial Negotiations with Saudi's Aramco to Refine Oil in Egypt - Oil Mnstr
Tuesday, November 14, 2017 Egyptian Oil Minister Tarek El Molla said initial negotiations have taken place with Saudi Arabian state oil company Aramco to refine oil in Egypt.

Sources: Oman's Duqm Refinery To Seek $6B Bank Funding Soon
Monday, November 13, 2017 Oman's Duqm Refinery and Petrochemical Industries Co will approach banks in about two weeks.

As Saudi Arabia Limits US Crude Shipments, Iraq Steps In
Monday, November 13, 2017 Saudi Arabia's efforts to reduce a worldwide crude supply glut by cutting shipments to the United States means others are now filling in.

S. Korean Refiners Aim To Benefit From 2020 Shipping Mandate
Friday, November 10, 2017 South Korean refiners are planning to spend over $5 billion on plant upgrades in response to tighter rules on shipping fuel.

US Flexes Refining Muscles to Satisfy Mexico's Fuel Thirst
Thursday, November 09, 2017 US refiners are setting up for the strongest end-of-year they've ever had, and it's all thanks to Mexico.

Egypt Qalaa's $3.7 Billion Oil Refinery to Start Up in September
Thursday, November 09, 2017 Egyptian Refining Co.'s new $3.7 billion processing plant will begin operations in September.

As Oil Booms, World's Top Importer Signals Demand Will Boom Too
Wednesday, November 08, 2017 Oil investors discouraged by Wednesday's data showing a retreat in Chinese crude imports can find cheer in another figure released.

PTT Global Chem Profit Beats On Higher Sales Volume, Refining Margins
Wednesday, November 08, 2017 PTT Global Chemical reports a 60% jump in third-quarter profit.

A $6 Billion Windfall for Oil Refiners Has Small Hurdle: the IRS
Tuesday, November 07, 2017 An obscure gasoline additive could lead to a windfall of more than $6 billion for struggling US oil refiners.

Oil At $70/Barrel Already A Reality For Some As Asian Premium Bites
Tuesday, November 07, 2017 The rising demand for crude oil that can more easily produce transportation fuels when refined has some Australian and Malaysian producers boasting cargoes valued at close to $70 a barrel.

Shell Looks Beyond Road Fuels to Secure Future of Refining
Monday, November 06, 2017 Shell has in recent years transformed its downstream business.

Ethanol, Big Oil Bid for Trump's Attention in Fox News Ad Fight
Monday, November 06, 2017 Big Corn and Big Oil are taking their long-running fight over renewable fuels to Fox News.

Saudi Aramco to Push Back Shutdown at Ras Tanura Refinery
Monday, November 06, 2017 Ras Tanura is Saudi Arabia's largest oil refinery with a capacity of 550,000 barrels per day.

Thai Refiner IRPC's Quarterly Profit More Than Doubles On Rising Oil Prices
Friday, November 03, 2017 Thai oil refiner IRPC Pcl's net profit more than doubled in the third quarter as the subsidiary of energy giant PTT Group benefited from rising oil prices and higher margins on its chemical products.

Petronas, Aramco To Finalise RAPID Deal After Resolving 'Technical Issues'
Friday, November 03, 2017 Malaysian state energy company Petronas and Aramco are facing 'technical issues' in finalising the Saudi oil major's $7 billion investment in a refinery project.

State Firm: Iraq Wants Control Of Kurdish Region's Oil Exports
Thursday, November 02, 2017 Iraq wants the Kurdistan region to stop independent crude exports and to hand over sales operations to state-oil marketer SOMO, the company's director says.

Report: Quarter Of Oil Refineries Risk Closure Under Climate Goals
Thursday, November 02, 2017 A quarter of the world's oil refineries risk closure by 2035 if governments meet targets to limit fossil fuel burning.

India's BPCL Ramps Up Run Rate At Kochi Refinery After Expansion
Thursday, November 02, 2017 India's BPCL has ramped up the operating rate of its Kochi oil refinery.

Icahn Refinery Cuts Biofuels Short Amid Reform Standstill
Wednesday, November 01, 2017 CVR Energy has significantly unwound a large short position in the US biofuel credit market.

EIA: US Oil And Fuel Stocks Drop In Latest Week
Wednesday, November 01, 2017 US stocks of crude oil, gasoline and distillates fell last week, with the gasoline and crude draws exceeding expectations, the EIA says.

S. Korea's SK Innovation To Build New Desulfurisation Unit By 2020
Wednesday, November 01, 2017 SK Energy says it will spend about 1 trillion won ($897.8 million) to build a new desulfurisation unit by 2020.

HollyFrontier Profit Beats On Higher Refining Margins; Shares Jump
Wednesday, November 01, 2017 HollyFrontier reports a better-than-expected quarterly profit.

One Worker Dies In Fire At Russia's Yaroslavl Oil Refinery
Wednesday, November 01, 2017 One worker has died and another was injured when a crude oil distillation unit at an oil refinery in the Russian city of Yaroslavl caught fire, the refinery says.

Mexico Outlay Jumped 21% to $1.25 Billion for Biggest Oil Hedge
Tuesday, October 31, 2017 Mexico spent about $1.25 billion to lock in prices of oil exports for next year, according to Finance Ministry data.

Sources: China's Sinopec Mulls US Oil Projects Ahead Of Trump's Visit
Tuesday, October 31, 2017 Sinopec is evaluating two projects in the United States that could boost Gulf Coast crude oil exports.

Poland's PKN Receives First US Crude Oil Shipment‍​
Tuesday, October 31, 2017 PKN Orlen has received its first shipment after the US lifted a long-standing embargo on oil exports.

Sinopec's Oil Refining Overcomes Continued Upstream Losses
Monday, October 30, 2017 China Petroleum & Chemical Corp. says 3Q profit advanced 13%.

S.Korea's S-Oil Expects Strong Refining Margins for Next 2 Yrs
Monday, October 30, 2017 Oil giant Saudi Aramco is the top shareholder in S-Oil, South Korea's third-largest refiner.

Fire At Tehran Oil Refinery Kills Six
Friday, October 27, 2017 A fire at an Iranian oil refinery in Tehran's Shar-e Rey district killed six workers and injured two others.

Phillips 66 Wraps Up Strong Quarter For Big US Refiners
Friday, October 27, 2017 Phillips 66 wraps up a strong 3Q for big US oil refiners that saw refining margins rise sharply in the aftermath of Hurricane Harvey.

Suncor Says Makes Progress In Oil Sands Project Dispute With Total
Thursday, October 26, 2017 Suncor Energy says it has made progress in resolving a commercial dispute with joint venture partner Total.

Polish Refiner Lotos' M&A Plans Could Hit Dividend
Thursday, October 26, 2017 Lotos wants to buy local petrol stations and foreign oil deposits to strengthen its position in the market.

Oil Refiners Shrug Off Harvey to Rake in Fat Post-Storm Profits
Wednesday, October 25, 2017 When Hurricane Harvey cleared and the floodwaters receded, oil refiners found themselves floating on a sea of cash.

PFI: Petronas, Aramco Seeking $8B For Malaysian Project
Wednesday, October 25, 2017 Petronas and Saudi Aramco are seeking to raise $8B for a refinery and petrochemical complex via a bridge loan, PFI reports.

India HMEL May Halt Naphtha Exports From 2021/22
Wednesday, October 25, 2017 HMEL may halt naphtha exports from the 2021-22 fiscal year when it starts its $3.1 billion cracker.

Nigeria's 650,000 Bpd Dangote Refinery Seen Onstream By End 2019
Tuesday, October 24, 2017 A refinery being built in Nigeria is due to come onstream by the end of 2019.

Kuwait's Al Arfaj Group Plans 600,000 Bpd Oil Refinery In India
Tuesday, October 24, 2017 Kuwait's Al Arfaj Group plans to build a refinery and a LNG terminal in the Indian coastal state of Andhra Pradesh.

US Midwest Oil Refiners Boost Output, Cut Dependence On Gulf Coast
Monday, October 23, 2017 US refineries from Ohio to Minnesota are capitalizing on access to cheap crude from Western Canada and North Dakota oilfields.

Venezuela's Deteriorating Oil Quality Riles Major Refiners
Friday, October 20, 2017 PDVSA is increasingly delivering poor quality crude oil to major refiners in the United States, India and China.

In 'Energy City' USA, Hurricane Harvey's Fury Is Still Lingering
Thursday, October 19, 2017 It took five weeks for the largest US oil refinery to get back to normal after Hurricane Harvey.

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