Crude oil
Workers at bp refinery will not help with restart unless wage demands met
Workers at bp's Rotterdam refinery, which is currently offline, will not help restart operations unless their wage demands are met, union leaders said on Monday.
Italy considers asking for EU embargo waiver to save Lukoil refinery
Italy is considering several options to save a Lukoil-owned refinery in Sicily, including asking the European Union for a temporary waiver on upcoming sanctions on Russian oil.
Refiner Slovnaft to cut Russian oil intake to 60%
Slovakia's sole oil refiner Slovnaft will cut the share of Russian oil in its processing activities next year to about 60% from about 95% and use other blends to comply with sanctions on Russia, the company said.
Lukoil urged to keep Sicilian refinery running as talks drag on
The plant has had to rely solely on Russian oil provided by Lukoil after its creditor banks halted financing and stopped providing guarantees needed to buy oil from alternative suppliers.
Poland's PKN Orlen applied for 3 MMt of Russian oil via Druzhba for 2023
Polish oil refiner PKN Orlen has submitted an application to the Russian oil pipeline monopoly Transneft for the supply of 3 MMt of oil to Poland through the Druzhba pipeline system in 2023 under continuing long-term contracts.
Russia price cap could threaten India's oil supplies
India would be one of the countries most exposed if Russia refuses to sell crude oil at the capped price under proposed sanctions to be imposed by the United States and the European Union.
bp workers at Rotterdam refinery start work-to-rule action
Workers at the BP refinery in Rotterdam began work-to-rule industrial action on Monday after the noon expiry of a union deadline for a new pay agreement, a union spokesman said.
Refiner Phillips 66 to boost investor returns by up to $12 B
Refiner Phillips 66 said it plans to return up to $12 B more to shareholders by end-2024 through dividends and stock buybacks, sending its shares up as much as 3%.
Indian petrochemical demand could rise threefold by 2040
India's annual petrochemical consumption could nearly triple to 80 MMt by 2040 forcing the country to either raise imports or invest into building new facilities, said an executive at the nation's top refiner Indian Oil Corp.
Citgo Petroleum reports $477 MM third quarter profit
Results for the Venezuelan-owned company and other U.S. refiners have touch records this year as prices for motor fuels climbed sharply on the U.S. economic recovery and on global shortages caused by Russia's invasion of Ukraine.
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Addis Energy secures $8.3 MM to scale its transformative approach to low-cost ammonia production 12/5
- World Fuel Services supplies cruise line with waste-based biofuels 12/5
- Chevron announced $18 B-$19-B CAPEX budget for 2026 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
