Refining News

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India's Modi Launches $6.8Bln Refinery In Desert State Of Rajasthan
Tuesday, January 16, 2018 Indian Prime Minister Narendra Modi launches the construction of a $6.8 billion refinery in the western state of Rajasthan.

Algeria's Sonatrach To Refine Crude Abroad To Cut Fuel Import Bill -CEO
Tuesday, January 16, 2018 Sonatrach plans to send oil abroad for refining as it seeks to lower a fuel bill that reached a record $2.5 billion last year.

Russell: China's Oil Product Export Surge Shows Risks To OPEC's Gains
Monday, January 15, 2018 The standout feature of China's crude oil and product trade data for December was the surge in exports of refined fuels to a record, but it already appears that this dynamic may not be sustainable.

As Crude Rallies, Husky May Gain as Top Oil-Sands Stock Pick
Monday, January 15, 2018 Husky Energy, the best oil-sands stock last year, may emerge as a top pick for investors.

India's 2017 Oil Demand Growth Posts Lowest Gain Since 2013
Thursday, January 11, 2018 Indian oil consumption in 2017 grew at its slowest in 4 years, according to government statistics.

Med Crude-Urals Diffs Remain High Despite Weak Refinery Margins
Wednesday, January 10, 2018 Urals crude differentials remained high despite weak refinery margins, while Azeri BTC was offered lower, trade sources say.

Algeria Sends More Oil To Cuba As Venezuelan Supplies Fall
Wednesday, January 10, 2018 Algeria sent 2.1 million barrels of crude oil to Cuba last year and will ship the same amount in 2018, an official at Sonatrach says.

Singapore Uncovers Large Oil Heist At Shell's Biggest Refinery
Tuesday, January 09, 2018 11 men were charged in a Singapore court on Tuesday in connection with a large-scale oil theft at Shell's biggest refinery.

China Says Will Limit Oil, Refined Product Exports To N.Korea
Friday, January 05, 2018 China's Commerce Ministry will limit exports of crude oil, refined oil products, steel and other metals to North Korea.

Rail Shipments of Canadian Oil to US Seen Rising Over 60 Pct
Friday, January 05, 2018 "Canadian barrels are a great fit for Gulf Coast refiners right now. It's just a matter of getting those barrels down here," said a Gulf Coast trader.

Winter Storm Threatens US East Coast Energy Industry
Thursday, January 04, 2018 The US energy industry braces for a major test to refineries and power plants.

Finland Gives Up Control Of Neste As Stake Drops Below 50%
Thursday, January 04, 2018 The Finnish government donates shares in oil refiner and renewable diesel producer Neste.

Unipec Expands London Oil Trading With Three Ex-Noble Hires -Sources
Thursday, January 04, 2018 China's Unipec is said to have hired 2 former traders from commodity trader Noble Group to join its middle distillates desk in London.

Formosa Petrochemical Says To Run Mailiao Refinery Near Full Capacity
Thursday, January 04, 2018 Taiwan's Formosa Petrochemical Corp plans to run its Mailiao refinery at near full capacity in January and February.

Israel's Oil Refineries To Build 135 MW Natural Gas Power Plant
Wednesday, January 03, 2018 Israel's Oil Refineries receives government approval to build a 135 megawatt natural gas-fueled power station to replace an old coal-fired plant.

Curacao Nixes Refinery Operation Deal With China firm
Wednesday, January 03, 2018 The government of Curacao has scrapped a preliminary agreement with China's GZE to operate the island's aging Isla refinery.

What to Watch for in the Downstream in 2018
Tuesday, January 02, 2018 Expert panel offers 2018 outlook for refining, petchems, LNG and more.

US Gasoline Price Starts 2018 on High Note
Tuesday, January 02, 2018 New Year's gasoline was most expensive for US drivers since 2014, AAA observes.

China Will Strictly Implement UN Resolutions On North Korea
Tuesday, January 02, 2018 China will continue to fully, accurately and strictly implement UN's sanctions on North Korea in accordance to Chinese laws, the commerce ministry says.

The 2017 Downstream Countdown: 10 to 6
Thursday, December 28, 2017 Find out which countries were vying for the top LNG exporter spot in 2017.

TECH SHOWCASE: 'Unheard of' Refinery
Thursday, December 28, 2017 Bakken greenfield refinery developer dares to be different.

Trump 'Disappointed' China Allowing Oil Into North Korea
Thursday, December 28, 2017 US President Donald Trump on Thursday said he was 'very disappointed that China is allowing oil to go into North Korea.'

US Crude Stocks Drop, Refiners Run Near Full Capacity
Thursday, December 28, 2017 US crude stocks fell more than expected last week as refineries pushed output to its highest rate for this time of year in nearly two decades, the EIA says.

The 2017 Downstream Countdown: 15 to 11
Wednesday, December 27, 2017 Here's a recap of the top downstream articles on Rigzone in 2017, starting with numbers 15 through 11.

Cold Snap Makes New England the World's Priciest Gas Market
Wednesday, December 27, 2017 Nothing like a cold spell to boost the nation's natural gas demand, and cost.

Lead a Chinese Oil Giant and Get a Fraction of Your Peers' Pay
Wednesday, December 27, 2017 The next chief of Sinopec Group can expect to get a fraction of what counterparts at international energy companies earn.

What Has Made 2017 Memorable in the Downstream?
Friday, December 22, 2017 They're not stand-up comics, but these folks know a thing or two about downstream highlights.

US Refiners Running Hard This Winter Give Oil Demand a Boost
Thursday, December 21, 2017 Oil demand may jump in the new year as US refiners plan to take fewer units offline than last winter, freeing them up to churn out more fuel.

Rigzone Survey Finds Downstream Hiring Hot Spots for 2017, 2018
Thursday, December 21, 2017 Survey participants also reveal where jobs should be most plentiful in the downstream next year.

The 2017 Downstream Countdown: The Final Five
Thursday, December 21, 2017 Presenting, Rigzone's top five downstream articles for the past year.

Kemp: Brent Prices Caught In The Calm Before The Storm?
Wednesday, December 20, 2017 Crude oil traders have started to price in the resumption of North Sea shipments, with spot prices stalling and nearby calendar spreads returning to previous levels.

CEO: OMV To Become Bigger, Grow Marketing Outside Of Europe
Wednesday, December 20, 2017 OMV will expand further, focus on more value-added refined products and grow its marketing beyond Europe, its CEO says.

EIA: Crude Stocks Drop More Than Expected
Wednesday, December 20, 2017 US crude stocks fell last week, while gasoline stocks increased and distillate inventories rose, the EIA says.

Paralysis At PDVSA: Venezuela's Oil Purge Cripples Company
Friday, December 15, 2017 An alleged crackdown on graft in Venezuela has sown panic across the country's energy industry and all but paralyzed PDVSA.

Gas Bulls Can't Bank on Electric Cars for Big US Demand Boost
Friday, December 15, 2017 The era of electric vehicles could be a boon for US natural gas bulls - but not a windfall.

BP Opens 100th Retail Station in Mexico
Thursday, December 14, 2017 BP plc remains on track to reach its target of opening 500 sites by the end of 2018.

Operator: Deadly Austria Gas Blast Likely Caused By Loose Filter Cap
Thursday, December 14, 2017 Tuesday's blast at Austria's Baumgarten gas hub, which killed one person and disrupted European gas flows, was most likely caused by a loose seal on a filter cap.

Gas Demand to Get Boost as Supply Surge Sends Prices Lower
Thursday, December 14, 2017 Demand for natural gas will continue to rise over the next two decades, according to the Gas Exporting Countries Forum.

Trade Data: India's Nov Iran Oil Imports Skid To Lowest Since Feb 2016
Thursday, December 14, 2017 India's refiners imported nearly half as much crude oil from Iran in November as the month before, ship tracking data shows.

Cuba Takes Over Venezuela Stake In Refinery Joint Venture
Thursday, December 14, 2017 Venezuela has pulled out of a partnership with Cuba in its Cienfuegos oil refinery and the Caribbean island has taken full ownership of the plant, Cuban state media says.

Refining Capacity Growth In Nigeria Will 'Substantially' Erode Exports
Wednesday, December 13, 2017 Nigeria's projected growth in refining capacity over the early 2020s will 'substantially' erode the country's crude oil exports due to a 'weak' new project pipeline.

Ineos Considers Shifting Grangemouth Work Due To Forties Outage -Sources
Wednesday, December 13, 2017 Ineos may bring forward maintenance work at its Grangemouth refinery in Scotland due to the unplanned outage at its Forties North Sea crude pipeline.

EIA: US Crude Stockpiles Fall For Fourth Week On Huge Cushing Draw
Wednesday, December 13, 2017 USr crude oil stockpiles fell for a fourth straight week with the biggest slump in supplies at the Cushing, Oklahoma, hub in 8 years.

US Fuels the World as Shale Boom Powers Record Oil Exports
Tuesday, December 12, 2017 The world's largest oil consumer exported more hydrocarbons than ever before in 2017 and shows no signs of slowing down.

Permian Basin Refinery Project Doubles in Capacity
Tuesday, December 12, 2017 With project expansion, region's refining capacity to grow from 300,000 to 400,000 bpd. SOURCE: MMEX Resources Corp.

Ineos Says Grangemouth Oil Refinery Running Amid Forties Pipeline Closure
Tuesday, December 12, 2017 Scotland's 200,000 bpd Grangemouth oil refinery has enough crude to keep running.

Iraq Boosts Output Capacity At Kirkuk Oil Refinery-Oil Ministry
Monday, December 11, 2017 Iraq's Oil Ministry has added a new processing unit to the Kirkuk oil refinery, increasing the plant's capacity to 56,000 barrels per day.

UAE's ADNOC Proposes Change To Oil Price Mechanism
Monday, December 11, 2017 ADNOC seeks feedback from Asian buyers on whether it should change its monthly pricing mechanism.

Vietnam Signs Crude Oil Supply Deals With SOCAR, Glencore
Friday, December 08, 2017 Vietnam's state-run Binh Son Refining and Petrochemical Co (BSR) and state oil marketer PV Oil sign non-binding term agreements with 2 western trading companies to buy crude.

Petrobras Eyes Adjustments In Fuel Pricing To Fight Importers
Friday, December 08, 2017 Petrobras could make more adjustments to its fuel pricing policy, its executive manager for fuel sales says.

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