Crude oil
AFPM, API joint statement on White House, DOE meeting with U.S. refiners
The American Fuel & Petrochemical Manufacturers (AFPM) and American Petroleum Institute released the following statement after a meeting with leaders of the top U.S. refining companies.
Business Trends: Innovative approaches to manufacture base oils gain customers’ attention
For years, lubricating greases and motor oils have been manufactured from base oils.
Accelerating the transition to renewable fuels
The global push to neutralize carbon-based GHG emissions by 2050 not only holds great promise for the future of the planet, but it also stands to create millions of jobs, spur rapid growth and drive technological innovation.
China may extend refined fuel export quota into next year
China may tweak a proposed sharp increase in refined fuel export quotas for this year by extending the plan into next year, as it weighs the benefits to the economy of higher exports against low domestic stocks and operational challenges.
bp layoffs at Ohio refinery after fire indicate prolonged shutdown
bp laid off most contractors at the approximately 160,000 barrel-per-day Toledo, Ohio, refinery it owns with Cenovus Energy Inc, indicating that the plant will experience a prolonged shutdown following last week's explosion and fire.
Strikes knock already struggling French refined products sector
More than 60% of France's refining capacity is offline as strikes over pay and unplanned maintenance pile pressure on the refined products sector.
IRPC 2022: Combining incremental crude processing and enhanced residue upgradation at low cost
Session three of IRPC focused on sustainability. To open the session, Arun Arora and Malini Warrer from Chevron Lummus Global and Vinod Ramaseshan from Saudi Aramco delivered a presentation titled, “Heavy Oil Processing Initiative Combining Incremental Crude Processing and Enhanced Residue Upgradation at Low Cost and Energy.”
TotalEnergies Feyzin refinery shut to at least mid-October
TotalEnergies' 119,000 bpd Feyzin oil refinery in southern France is likely to remain offline until mid-October at the earliest, a CGT union delegate said on Monday.
India's BPCL signs MoU with Petrobras to diversify oil sourcing
India's state-run Bharat Petroleum Corp said it had signed a preliminary agreement with Brazil's national oil company Petrobras to help it diversify its crude oil sourcing.
The downstream rundown: In case you missed it 09/23
In case you missed any downstream news, here are the top stories from last week.
- 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
