Refining News


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Citgo Petroleum Slows Aruba Refinery Revamp Due To US Sanctions
Wednesday, February 21, 2018 Citgo Petroleum has slowed work on an overhaul of its 235,000-barrel-per-day Aruba refinery.

Mexico Front-Runner Sees 'No Drastic Change' in Oil Opening Plan
Wednesday, February 21, 2018 Key advisers for Mexico's presidential front-runner Andres Manuel Lopez Obrador are united in their message to the country's energy industry: don't worry.

Abu Dhabi Broadens Oil Partnerships in $1.5B Cepsa Deal
Monday, February 19, 2018 ADNOC awarded a second slice of its offshore concessions in as many weeks, this time to refiner and producer Cia Espanola de Petroleos SA for a $1.5B fee.

JODI: Saudi Oil Exports Rose Slightly In December
Monday, February 19, 2018 Saudi Arabia increased its crude oil exports slightly in December to 7.045 million bpd, official data shows.

Andeavor To Run Refineries Up To 96% Combined Capacity In 1Q
Friday, February 16, 2018 Andeavor says it plans to run its 10 US refineries up to 96% of their combined capacity.

Catalytic Cracker At PDVSA's Curacao Refinery Halted After Fire
Friday, February 16, 2018 A fire at the Isla oil refinery in Curacao run by PDVSA has been extinguished without impacting operations, sources say.

EIA: US Oil Stocks Rise, Refining Rates Cut
Wednesday, February 14, 2018 US crude stocks rose last week as refineries cut output, while gasoline stocks increased and distillate inventories fell, the EIA says.

Trump Tells Lawmakers He Would Support 25-Cent Gas Tax Increase
Wednesday, February 14, 2018 President Donald Trump told lawmakers he would support a 25-cent-per-gallon increase in federal gasoline and diesel taxes.

Iraq Says $4B Needed For New Downstream Oil Investments
Tuesday, February 13, 2018 Iraq needs $4 billion for new investments in its downstream oil industry, oil minister Jabar al-Luaibi says.

Med Crude-Baltic Urals And Azeri BTC Diffs Fall On Abundant Supply
Tuesday, February 13, 2018 Urals crude and CPC Blend differentials to dated Brent fall.

Norwegian Police Investigate 2016 Hydrogen Leak At Statoil Refinery
Friday, February 09, 2018 Norwegian police have launched an investigation into a hydrogen gas leak at Statoil's Mongstad refinery, the company says.

India's BPCL 3Q Profit Slips 6%
Friday, February 09, 2018 Bharat Petroleum posts a near 6% fall in third-quarter profit.

Surging Chinese Energy Demand Draws Record Crude Imports In Jan
Thursday, February 08, 2018 China imported a record volume of crude oil and the second-highest amount of natural gas in January, data shows.

Iraq Signs Agreement To Build Oil Refinery Near Kirkuk
Thursday, February 08, 2018 Iraq has signed an agreement to build a 70,000-barrels-per-day oil refinery near the northern city of Kirkuk, the oil ministry says.

ADNOC Awards Ruwais Upgrade to Samsung-CB&I JV
Wednesday, February 07, 2018 The project will introduce crude processing flexibility at Ruwais Refinery-West.

Oil World Turns Upside Down as US Sells Oil in Middle East
Wednesday, February 07, 2018 The United Arab Emirates isn't the most obvious customer for Texan oil.

EIA: US Crude Stocks Rise On Record Output, Fuel Supply Up Too
Wednesday, February 07, 2018 US crude stocks rose last week even though refineries hiked output, which also boosted gasoline and distillate inventories, the EIA says.

Pennsylvania C-store Chain Leans Natural, Organic and Alternative
Tuesday, February 06, 2018 Cleopatra Resources' American Natural brand combines two disparate experiences. PHOTO SOURCE: American Natural.

Shell Canada Extends Jacobs' Scotford Contract into Fourth Decade
Tuesday, February 06, 2018 Jacobs provides mechanical maintenance and turnaround services at Scotford.

Petrobras to Sell Pasadena, Texas, Refinery
Tuesday, February 06, 2018 Petrobras said it had started taking steps to sell its refinery in Pasadena, Texas, an installation ensnared in Brazil's largest corruption scandal.

Louisiana Methanol FEED Contract Goes to CB&I
Monday, February 05, 2018 The $3.6 billion complex will reportedly be the world's largest methanol plant.

Europe Shuns Russian Oil As Boost Of Chinese Flows Hits Quality
Monday, February 05, 2018 European refiners are threatening to cut Russian oil purchases due to worsening quality.

US Potential Ban on Venezuelan Oil May Hit Valero Hardest
Monday, February 05, 2018 If the US bans oil imports from Venezuela, Valero and Chevron may end up paying the price.

ExxonMobil Profit Misses Street On Refining, Chemical Weakness
Friday, February 02, 2018 ExxonMobil posted a lower-than-expected quarterly profit due to falling production and weakness in its chemical and refining operations.

Pemex Refinery Chief Looks to Deal With Mitsui to Spur Recovery
Friday, February 02, 2018 Pemex is a few months away from closing an agreement for the project with a group led by Mitsui.

Canada's Imperial Oil Misses Profit Estimate As Expenses Weigh
Friday, February 02, 2018 Imperial Oil reports a lower-than-expected adjusted quarterly profit.

Suncor Going Autonomous in Oil Sands
Thursday, February 01, 2018 Implementing electric AHS will change some employees' roles, skill sets.

Refiners Valero, Marathon See Upbeat 2018 On Global Growth
Thursday, February 01, 2018 Valero and Marathon Petroleum expect strong global economic growth to spur demand for oil in 2018.

US Refiners Talk Expansion After Reaping Billions in Tax Gains
Thursday, February 01, 2018 The biggest independent refiners in the US are lining their pockets with billions of dollars in tax reform windfalls.

Kuwait Petroleum To Spend Over $500B By 2040 As It Lifts Oil Capacity
Wednesday, January 31, 2018 Kuwait Petroleum Corp expects to spend over $500 billion as it boosts its crude oil production capacity to 4.75 million barrels per day in 2040.

Indian Oil To Boost Panipat Refinery Capacity By Two Thirds
Wednesday, January 31, 2018 Indian Oil Corp Ltd plans to increase the capacity of its Panipat refinery by two thirds to 500,000 bpd.

Woodmac: Asia's 2018 Refined Oil Product Demand To Rise 2%
Tuesday, January 30, 2018 Asia's fuel demand will grow by 2% in 2018 as the region's economies expand at a healthy level, energy consultancy Wood Mackenzie says.

India's IOC 3Q Profit Beats Estimates On Higher Inventory Gains
Tuesday, January 30, 2018 Indian Oil Corp says its third-quarter profit nearly doubled, handily beating estimates.

ExxonMobil: Permian Growth Benefits to Reach Baton Rouge
Tuesday, January 30, 2018 Southeast Louisiana refinery to feel impact of West Texas production hike, says super-major.

Iraq To Build Oil Refinery In Fao With Chinese Firms, Plans 3 Others
Monday, January 29, 2018 Iraq plans to build an oil refinery at the port of Fao on the Gulf with 2 Chinese companies.

S. Korea's S-Oil Expects Refining Margins To Stay Solid In 2018
Monday, January 29, 2018 S-Oil Corp says that regional refining margins are expected to stay firm in 2018 on the back of healthy growth in demand.

Qatari Condensate Prices Rally On Robust Asia Demand Amid Tight Supply
Monday, January 29, 2018 Asian refiners and petrochemical makers are snapping up cargoes of Qatari condensates.

Head Of Security At Mexican Refinery Shot Dead
Friday, January 26, 2018 The head of security at one of Mexico's 6 state-run oil refineries was shot dead on Thursday.

U.S. EPA Reverses Policy on 'Major Sources' of Pollution
Friday, January 26, 2018 "It will reduce regulatory burden for industries and the states, while continuing to ensure stringent and effective controls on hazardous air pollutants," said an EPA official.

Kemp: Fast-growing Global Trade Is Boosting Fuel Demand
Friday, January 26, 2018 Freight movements are being driven by an increase in coal deliveries to power plants, as well as increases in oil and gas drilling.

Gunvor Gets Go-Ahead For Rotterdam Refinery Upgrade For New Shipping Fuels
Thursday, January 25, 2018 The Netherlands has given provisional approval to Gunvor to add a fuel upgrading unit at its Rotterdam refinery.

Russia's TANEKO Oil Refinery Starts Units To Improve Gasoline Quality
Thursday, January 25, 2018 Tatneft started up naphtha hydrotreater and isomerisation units at its TANEKO oil refinery to improve the quality of gasoline it produces.

Hess-Targa Gas Plant to Curb Bakken Flaring
Thursday, January 25, 2018 New gas plant to support North Dakota's flaring-reduction goals, says governor.

India's ONGC Raises $2.38B From Banks To Buy Refinery Stake
Tuesday, January 23, 2018 ONGC has secured a $2.83 billion loan from three banks.

Nigerian State Oil Firm's Board To Decide On Refinery Investors This Month
Tuesday, January 23, 2018 NNPC's board will decide on the investors for its three major refineries this month.

Iraq, Orion Sign Deal To Process Gas From Giant Oilfield
Monday, January 22, 2018 Iraq agrees a deal with U.S. energy company Orion to process natural gas extracted at its giant Nahr Bin Omar oilfield.

Biggest US East Coast Oil Refinery Files for Bankruptcy
Monday, January 22, 2018 Philadelphia Energy Solutions files for Chapter 11 bankruptcy protection.

Crumbling Refinery Profits Threaten OPEC-Led Crude Rally
Monday, January 22, 2018 The recent OPEC-led rally in crude prices is hitting refinery profits hard, flashing warning signs over oil's bull run.

US Refiners Are Riding High With Strong Margins, Tax Boost
Friday, January 19, 2018 US refiners are off to a strong start start in 2018, even as competitors elsewhere are hitting harder times.

IEA Sees Oil Markets Tightening As Venezuelan Output Collapses
Friday, January 19, 2018 Global oil markets are tightening quickly on falling supply from Venezuela, IEA says.

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