Crude oil
Valero books $1.1-B impairment, may idle California refinery
Valero Energy Corp. said on Wednesday it was taking a $1.1-B pre-tax impairment related to its California (U.S.) refineries and told state regulators it would permanently shut or restructure its San Francisco-area refinery in Benicia, California by the end of April 2026.
Czechs hail end of Russian oil dependence with first increased deliveries from west
The Czech Republic has become fully independent of Russian oil supplies for the first time in its history, government officials said on Thursday, following the completion of capacity upgrades on the TAL pipeline coming from the west.
Top Turkish refiner Tupras resumes buying Russian Urals crude
Turkey's largest oil refiner Tupras has returned to buying Russian Urals crude cargoes, after it stopped doing so earlier this year due to US sanctions on Moscow, according to three trading sources and shipping data.
U.S. fuel exports to Mexico by land halted by higher scrutiny
The Mexican government has halted U.S. fuel imports sent into the country by road, as it cracks down on illegal deals.
Russia well prepared for refinery maintenances with high fuel stockpiles
Russia has ample motor fuel inventories to offset possible shortages during refinery maintenances.
Nigeria plans petroleum products stockpile to counter global supply shocks
Nigeria plans to establish a national strategic petroleum products stockpile this year to safeguard its economy against disruptions in the international market.
Digital Feature: Guidance for developing first-of-a-kind projects and processes
New products and processes have the potential to drive new value through performance or cost improvements targeted to evolving market needs in the oil, gas and chemical industry. To realize this value, however, organizations must navigate a challenging path through development and scale-up of first-of-a-kind processes.
Update: South Bow proceeds with restart of Keystone Pipeline following North Dakota spill
Keystone pipeline operator South Bow is proceeding with a "carefully controlled restart" of the Keystone Pipeline on Monday, after Pipeline and Hazardous Materials Safety Administration (PHMSA) approved its repair and restart plans.
U.S. oil, biofuel group recommends 5.25 Bgal in biomass diesel mandates
A U.S. and biofuel coalition recommended that the Environmental Protection Agency propose federal mandates for biomass diesel blending for 2026 at 5.25 billion gallons (Bgal), which would be a significant increase from previous mandates.
Ukraine will add bioethanol to petrol from May, seeks first imports from EU
Ukraine will introduce the mandatory addition of 5% bioethanol to motor fuel from May 1 to meet EU sustainability regulations, and some European refineries have already started producing fuel for Ukraine.
- Ineos to shut polystyrene facility in Illinois (U.S.) by the end of the year 6/19
- How ASTM approval of methanol-to-jet accelerates SAF at scale 6/19
- EU crafts plan to give industries extra free CO2 permits this year 6/19
- PetroChina forecasts Chinese oil consumption will drop 4.9% this year 6/19
- Digital Exclusive: Water injection pump mechanical seals failure after pump shutdown 6/19
- Russian gasoline output down 25% so far in June after drone attacks on refineries 6/19
