Crude oil
About 29% of U.S. crude production shut in Gulf of Mexico due to Hurricane Helene
About 29% of U.S. crude production and 17% of natural gas output in the U.S. Gulf of Mexico were shut in response to Hurricane Helene.
Russian ESPO Blend oil jumps to premium on higher demand from Chinese refiners
Russia's Far East ESPO Blend oil grade has firmed to premium against the Brent benchmark on delivery basis for the first time since November 2023 on higher demand from Chinese refiners cooling India's buying.
Russia's Novatek launches new condensate unit at Ust-Luga complex
Russian energy company Novatek has launched the new processing unit at its gas condensate complex at the Baltic Sea port of Ust-Luga in the last third of the August.
China's new Yulong refinery runs crude unit at 60%–70%
China's latest greenfield refinery, Shandong Yulong Petrochemical, is running one of its two crude units at 60%–70%, as local government announced its official startup on Wednesday.
Thermal decomposition of particulate mercury sulfides in petroleum—Part 1
Traces of particulate mercury sulfide (HgS) in stabilized crude oils transform to elemental mercury below 400°C in refinery distillation units. The authors evaluated this transformation and measured reaction rates and activation energies in crude oil and Hg-spiked mineral oil, using glass vessels at atmospheric pressure and a microunit at 1,000 psig.
Deliver sustainable benefits through site-wide process digital twins
Refiners have used offline process models for decades. The next generation of solutions is anticipated to operate automatically, integrate with legacy systems and provide transparency site-wide.
Rio Tinto pilots Pongamia seed oil as a feedstock for renewable diesel
Rio Tinto will develop Pongamia seed farms in Australia as part of a new biofuels pilot. The project will explore the potential of Pongamia seed oil as a feedstock for renewable diesel.
China's newest refiner Yulong starts up crude unit
China's Shandong Yulong Petrochemical on Friday began starting up one of two new 200,000-bpd crude units in eastern China, marking the refinery's official launch after four years of construction.
Global refiners face profit slump as new plants come online
Oil refiners in Asia, Europe and the U.S. are facing a drop in profitability to multi-year lows, marking a downturn for an industry that had enjoyed surging returns post-pandemic and underlining the extent of the current slowdown in global demand.
Indian refiners jointly negotiating for 2025 Russian oil supplies
Indian refiners are jointly negotiating to purchase Russian oil for next year, with suppliers mostly using Russian insurance for crude priced above a $60 per barrel (bbl) cap.
- 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
