Refining
EIA: U.S. crude stocks fall, fuel inventories climb as refining picks up
U.S. crude oil inventories decreased while fuel stockpiles rose last week, as refining activity jumped, the U.S. Energy Information Administration (EIA) said on Thursday.
U.S. refiners boosting fuel output past 90% of capacity for summer driving season
U.S. crude oil refiners aim to operate above 90% of their combined processing capacity for the remainder of the quarter after completing planned overhauls.
Next Wave Energy starts up world's first standalone alkylation complex
Next Wave Energy Partners selected Elessent Clean Technologies, Inc. (Elessent) in 2019 to provide STRATCO® alkylation technology at the world’s first stand-alone alkylation complex.
Singapore middle distillates stocks slip on rising jet fuel/kerosene exports
Singapore's middle distillates inventories fell by more than 100,000 bbls in the week ended May 29 amid higher net jet fuel/kerosene exports, though diesel/gasoil net exports declined.
Under new program, little to no ethanol will qualify for U.S. aviation fuel credit
Little to no ethanol will qualify for U.S. sustainable aviation fuel (SAF) subsidies under a new pilot program by President Joe Biden's administration, which toughened climate requirements at the last minute.
Oil prices ease on US gasoline demand worries, economic data
Oil prices eased about 1% on worries over weak U.S. gasoline demand and economic data that could cause the U.S. Federal Reserve to keep interest rates higher for longer.
Russia's Tuapse oil refinery remains idle after May 17 drone attack
Rosneft's Black Sea oil refinery in Tuapse may remain idle until at least mid-June, despite being repaired after a May 17 drone attack, due to low profitability.
Germany approves unrestricted sales allowances of 100% renewable diesel
With this approval, Germany is following other EU countries in which the sale of 100% renewable diesel at public fueling stations has long been permitted.
Aspentech announces new and expanded capabilities in latest version of aspenONE
Aspen Technology, Inc. introduced new and expanded capabilities now available in aspenONE®, helping customers achieve new levels of operational excellence with expanded Industrial AI throughout the portfolio, additional integration of industrial data management across solutions, and advancements in planning and scheduling capabilities.
Indian refiner-Reliance-to buy Russian oil in roubles
India's Reliance Industries Ltd., operator of the world's biggest refining complex, has signed a 1-yr deal with Russia's Rosneft to buy at least 3 MMbbls of oil/month in roubles.
- 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
