http://www.hydrocarbonprocessing.com Hydrocarbon Processing As U.S. Permian crude turns lighter, it risks losing favor with refiners http://hydrocarbonprocessing.com/news/2024/10-1/as-us-permian-crude-turns-lighter-it-risks-losing-favor-with-refiners/ Companies drilling for the crude that turned the U.S. into the world's top oil producer face an unexpected dilemma: their West Texas Midland crude is getting lighter, which could make it less appealing to some refiners. Egypt raises gasoline, diesel prices for third time this year http://hydrocarbonprocessing.com/news/2024/10-1/egypt-raises-gasoline-diesel-prices-for-third-time-this-year/ Egypt raised fuel product prices on Friday for the third time this year as it continues to cut back on diesel and gasoline subsidies, but said it would cover the additional energy costs for bakers of subsidized bread. Brazil: TotalEnergies sells its fuel distribution activities to SIM Distribuidora http://hydrocarbonprocessing.com/news/2024/10-1/brazil-totalenergies-sells-its-fuel-distribution-activities-to-sim-distribuidora/ TotalEnergies has signed an agreement to sell its fuel distribution activities in Brazil to SIM Distribuidora, a Brazilian company. Global refinery margins fall to multi-year seasonal lows in September http://hydrocarbonprocessing.com/news/2024/10-1/global-refinery-margins-fall-to-multi-year-seasonal-lows-in-september/ Refinery margins for petroleum refiners across the world are shrinking, indicating reduced profitability from refining crude oil and selling petroleum products. Phillips 66 agrees to sell interest in Switzerland-based joint venture http://hydrocarbonprocessing.com/news/2024/10-1/phillips-66-agrees-to-sell-interest-in-switzerland-based-joint-venture/ Phillips 66 has announced that its subsidiary, Phillips 66 Ltd., has entered into a definitive agreement to sell its 49% non-operated equity interest in Coop Mineraloel AG (CMA) to its Swiss joint venture partner. China oil imports fall from a year ago for fifth month, newest refinery starts up http://hydrocarbonprocessing.com/news/2024/10-1/china-oil-imports-fall-from-a-year-ago-for-fifth-month-newest-refinery-starts-up/ China's oil imports fell in September by 0.6% from a year earlier, as plants curbed purchases because of weak domestic fuel demand and narrowing export margins. Russia's largest oil refinery lifts 9-month crude processing by 4% http://hydrocarbonprocessing.com/news/2024/10-1/russias-largest-oil-refinery-lifts-9-month-crude-processing-by-4/ The Omsk oil refinery, Russia's largest by production volumes, increased crude processing by 4% year-on-year in the January to September period thanks to a modernization of its facilities. Iraq's Kerbala refinery non-operational due to maintenance http://hydrocarbonprocessing.com/news/2024/10-1/iraqs-kerbala-refinery-non-operational-due-to-maintenance/ Iraq's Kerbala refinery is under extensive maintenance and has been non-operational since Sept. 25, knocking out 150,000 bpd of processing capacity. ARA gasoline exports to West Africa hit multi-year lows in September http://hydrocarbonprocessing.com/news/2024/10-1/ara-gasoline-exports-to-west-africa-hit-multi-year-lows-in-september/ A Belgian law restricting exports of low-quality fuels and financial constraints among Nigeria's importers are squeezing sales of gasoline from Northwest Europe to West Africa, leaving buyers to explore other options until Nigeria's Dangote refinery is able to meet demand. Singapore's middle distillates stocks snap three-week fall http://hydrocarbonprocessing.com/news/2024/10-1/singapores-middle-distillates-stocks-snap-three-week-fall/ Singapore's middle distillates inventories rebounded to a three-week high after falling for three consecutive weeks.