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Saudi Aramco to Spend $18B on Growth in the Americas -Motiva
Friday, May 26, 2017 Motiva called the $18 billion estimate "a general framework of opportunities."

China's Teapot Refiners Set to Slow Crude Imports as Tanks Overflow
Friday, May 26, 2017 The move by China's so-called "teapots", a key driver of the country's crude appetite, will stir concerns about demand in the world's top oil buyer.

Venezuela's Secret Plot to Sell Banned Syrian Oil in US Market
Thursday, May 25, 2017 The plan reportedly aimed to sell discounted Syrian oil to Venezuela through a Russian shell company, which would send it to Aruba for refining and distribution to US gas stations.

South Africa Wants Sinopec to Retain Refinery Capacity
Thursday, May 25, 2017 Sinopec will pay almost $1 billion for a 75 percent stake in Chevron's South African assets and its subsidiary in Botswana to secure its first major refinery in Africa, the companies announced in March.


  


Kuwait National Petroleum Signs $6.25B Loan for Clean Fuels Project
Wednesday, May 24, 2017 KNPC has signed a $6.25 billion loan with international lenders and export credit agencies to finance its planned clean fuels project, the company announced.

EP Energy, Tesoro Form Drilling JV in Utah's Uinta Basin
Wednesday, May 24, 2017 Tesoro will buy all the oil produced from the wells and provide capital for a 50 percent stake in EP Energy's working interest in the wells.

Saudi Aramco Plans Up to $30B Investment in Motiva by 2023
Wednesday, May 24, 2017 Motiva's Port Arthur facility is already the largest refinery in the United States.

Venezuela Oil Executive Arrested in Corruption Probe
Tuesday, May 23, 2017 Venezuela has arrested the manager of the Petropiar heavy crude upgrader, owned by state oil company PDVSA and U.S. major Chevron Corp.

Fuel Theft Report Exposes '800-pound Gorilla'
Tuesday, May 23, 2017 Multibillion-dollar illicit fuel trade a global problem, says author of refined oil theft study.

Nigeria Activist Group Calls For Progress On Small-Scale Oil Refineries
Tuesday, May 23, 2017 An activist group in Nigeria's oil-rich Delta region calls for the government to advance plans to allow illicit bush refineries to be converted into legal operations.

Russia Beats Saudi As Top China Oil Supplier for Second Month
Tuesday, May 23, 2017 Russia has kept its top spot as oil supplier to China.

Asia Oil Refinery Delays Favor Producer Case for Extending Output Cuts
Monday, May 22, 2017 Energy consultants Wood Mackenzie now expect a net refinery capacity addition in Asia of 360,000 bpd, down from a forecast of 450,000 bpd in December.

After Merger, Refiner Delek to Lay Off Staff in Texas
Monday, May 22, 2017 Delek will cut almost 100 Dallas workers after its merger with Alon is completed.

Where Did Top Downstream Execs Go To College?
Monday, May 22, 2017 Check out the educational routes some top downstream execs took to launch their careers.

Carlyle Battles Insurers in New York Over Moroccan Oil Losses
Monday, May 22, 2017 Carlyle Group is suing a group of its insurers over $400 million worth of oil it claims it lost when Morocco's sole refinery went bankrupt two years ago, court documents show.

Japan to Set Up Venture to Expand Hydrogen Station Network
Monday, May 22, 2017 Japan is betting heavily on becoming a "hydrogen society" despite the high costs and technical difficulties.

Vietnam's Sole Refinery Plans to Sell 5-6 Pct Stake in IPO in Q4
Monday, May 22, 2017 Vietnam's Dung Quat oil refinery plans to sell a 5-6 percent stake in the company in the fourth quarter of 2017 via an initial public offering (IPO), it said in a statement.

US Gasoline Demand Weak but Expected to Strengthen This Summer
Friday, May 19, 2017 Unless gasoline demand sharply increases, oil refiners may be in for another tough year.

Black Sea Diesel Plant Upgrade Delayed by a Year to 2019
Friday, May 19, 2017 Rosneft is building a new hydro-cracking unit at its refinery at the Black Sea port of Tuapse.

South Africa Open to Iranian Investment if New Refinery Goes Ahead
Friday, May 19, 2017 South Africa, a net importer of refined oil products, is looking to West Africa and the Middle East, including Iran, for potential partners on a new refinery project, energy ministry officials said on Friday.

ExxonMobil Secures Qatari Condensate for Singapore Unit - Sources
Thursday, May 18, 2017 ExxonMobil declined to comment. Qatar Petroleum did not respond to an e-mail seeking comment.

Glencore Agrees JV Deal to Supply Mexican Fuel Stations
Thursday, May 18, 2017 The new franchise will provide fuel, branding and ancillary retail services to 1,400 fuel stations in Mexico, the company said.

Uganda Selects Firms for Refinery Talks
Thursday, May 18, 2017 Uganda has been pursuing a tender for developing a $2.5 billion refinery to process part of the crude from its oil fields.

Fuel Shortage Again Hits Oil-rich Venezuela Amid Refinery Woes
Wednesday, May 17, 2017 The waits at gasoline stations heap extra hardship on the nation of 30 million.

US Motorists on Roads for Memorial Day Weekend to Be Highest Since 2005
Wednesday, May 17, 2017 The expectation for high driving numbers is welcome news for U.S. gasoline refiners.

Saudi Aramco Tightens Grip in Top Oil Market With China Refinery
Wednesday, May 17, 2017 Saudi Arabian Oil Co. agreed to build a refinery and petrochemical plant in China, deepening ties between world's biggest oil seller and its largest importer.

Brady Sets Border Tax Hearing as McConnell Predicts Failure
Wednesday, May 17, 2017 Retailers, oil refiners and other industries that rely on imports say the tax would raise consumer prices on basic items.

Exxon Says to Open Gas Stations in Mexico, Invest $300 Million
Wednesday, May 17, 2017 Exxon expects to open its first service stations in Mexico later this year.


 
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