Crude oil
Moscow Oil Refinery resumes operations at drone-hit unit
Gazprom Neft-owned Moscow Oil Refinery on Tuesday resumed operations at crude distillation Unit-6 (CDU-6), which was suspended following a drone attack on Sept. 1.
U.S. EIA lifts oil demand forecast, says prices will recover to above $80/bbl
Global oil demand is set to grow to a bigger record this year while output growth will be smaller than prior forecasts.
Comment: What challenges lie ahead for Nigeria's Dangote oil refinery?
Nigeria's state oil firm NNPC Ltd. announced last weekend that it would not be the exclusive buyer of gasoline produced by the $20-B Dangote oil refinery, contradicting a statement made by the refinery last week.
Hungary's MOL reaches deals for oil transport via Druzhba pipeline
Hungary's MOL said it has reached deals with suppliers and pipeline operators for the continuous transportation of crude oil through Belarus and Ukraine via the Druzhba pipeline.
Russia's September western port oil loadings to rise 1.5% m/m despite seasonal refinery maintenance
Russia will increase oil exports via its western ports to 1.98 MMbpd in September, up by just 30,000 bpd from August, despite the expected start of seasonal maintenance on Russian refineries.
Transition to cleaner fuels seen dragging on China's oil demand growth
China's shift towards lower-carbon fuels and a sluggish economy are dampening oil demand growth in the world's largest crude importer.
Trans Mountain oil pipeline expansion pushes rivals to cut rates, for now
Pipelines that historically carry Canadian crude to the U.S. are cutting rates and looking to ship different grades of crude oil due to rising competition from the newly expanded Trans Mountain pipeline.
India's Bharat Petroleum Corp. to boost integrated refining-petrochemical capacity by 2030
India's Bharat Petroleum Corp plans to increase its integrated refining and petrochemical capacities within the next 5 yr-7yr to meet growing energy demand. India's annual consumption of refined fuels and petrochemicals is expected to rise steadily by 4%-5% and 7%-8% in the 'foreseeable future'.
Asia 10-ppm gasoil refining margins near 18-month low on clouded outlook
Asia's 10-ppm sulfur gasoil refining margins have slumped to a near 18-month low amid mixed market outlooks as well as softer ICE gasoil futures and prompt paper swaps.
U.S. crude, gasoline stockpiles fall on stronger demand
U.S. crude oil and gasoline inventories fell last week as demand picked up ahead of Labor Day weekend and the end of the summer driving season.
- Axens, IFPEN and JEPLAN launch commercial licensing of the Rewind® PET process 10/22
- ProSep to deliver its Multiphase Adjustable Xtreme test units to Polish refiner 10/22
- BGEN signs five-year contract with INEOS O&P UK 10/22
- Wizz Air and Airbus to launch SAF trial ahead of EU mandates 10/22
- Four new petroleum liquids pipelines have been completed in the U.S. since 2023 10/22
- Australia fuel supplier Viva Energy's retail and refining challenges continue to hurt 10/22
