Economics
Singapore's middle distillates stocks dip for third week amid robust net exports
Singapore's middle distillates inventories fell for a third straight week, tracking the strength in gasoil/diesel net exports.
Update: Rosneft's complaint over Schwedt stake sale unlikely to succeed
Russia's Rosneft is unlikely to succeed with its complaint against Shell's planned sale of a stake in Germany's PCK Schwedt refinery, a German court said on Wednesday, citing a preliminary assessment.
Zeopore prepares for global production of economical, premium hydrocracking meso-zeolites
Zeopore is initiating discussions with candidate partners to jointly commercialize its unique zeolite mesoporization route. Combining improved hydrocracking (HDC), Zeopore’s optimized HDC zeolites bring 3 wt%-7wt% more middle distillates, depending on feedstock and process conditions.
Asia ultra-low-sulfur gasoil refining margins sink to near 3-yr low
Asia's ultra low-sulfur gasoil refining margins collapsed to the lowest in nearly three years, as excess supply and persistently soft derivative markets depressed prices.
Chinese court rules two Sinochem refineries in Shandong bankrupt
A Chinese court has ruled that two refineries owned by state oil and chemical group Sinochem were bankrupt after creditors failed to agree on restructuring plans.
Nigeria's NNPC raises petrol prices again as Dangote fuel hits market
Nigerian state oil firm NNPC Ltd. has increased the price of petrol by 11%, the second increase in two weeks and a day after it started purchasing the fuel from the giant Dangote oil refinery on the outskirts of Lagos.
Russia's idle oil refining capacity in September seen up 34% vs August
Russia's offline primary oil refining capacity in September is set to jump 34% from August due to technical outages, Ukrainian drone attacks and seasonal maintenance. Offline capacity is seen at 3.87 MMt this month, or 14.5% of Russia's total oil refining capabilities. That is up from 2.95 MMt in August.
Chemicals maker Dow lowers 3Q revenue forecast on partial outage at Texas plant
U.S. chemicals maker Dow has lowered its 3Q revenue forecast due to a partial outage at one of its plants in Texas following Hurricane Beryl this past summer.
Ineos to cease refinery operations at Grangemouth
Petroineos has announced its intention to cease refinery operations at Grangemouth and transition to a finished fuels import terminal and distribution hub during Q2 2025.
Aramco signs agreements with Rongsheng and Hengli Group
Aramco has signed a Development Framework Agreement with Rongsheng Petrochemical Co. Ltd. and a Strategic Cooperation Agreement with Hengli Group. This agreements focus on the possible expansion of Saudi Aramco Jubail Refinery Company (SASREF) facilities and the possible acquisition of a 10% stake in Hengli Petrochemical Co., Ltd.
- EU warns of prolonged energy shock, forced cuts if Iran war continues 4/15
- Europe's summer flights at risk as Iran war exposes refining decline 4/15
- Slovak refiner says no deal yet on Adria pipeline tests 4/15
- Japan's weekly gasoline prices largely flat as subsidies offset price spikes 4/15
- Botswana has not requested stake in Lobito refinery, Angola's Sonangol says 4/15
- Tasnee announced delay to SEPC's ethylene/polyethylene plant expansion project 4/15
