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Refining

bp warns of 2Q profit hit from weak refining margins, oil trading

British energy giant bp said on Tuesday that weak refining margins and oil trading were likely to dent its 2Q profit, sending its shares down 3% in morning trading.

Marathon prepares Galveston Bay, Texas refinery units for restart

Marathon Petroleum Corp. began preparing on Monday to restart multiple units at its Galveston Bay oil refinery in Texas City, Texas, following a power outage earlier in the day.

Nigeria's NNPC seeks new oil-backed loan to boost finances, debt to gasoline suppliers has doubled

Nigeria's NNPC is in talks for another oil-backed loan to boost its finances and allow investment in its business, its chief executive said, as pressure mounts on the state-backed oil company the economy depends upon.

Schwedt refinery hits 80% capacity despite ownership doubts

Germany's Schwedt oil refinery is running at > 80% capacity despite uncertainty over its future ownership but market conditions mean there is no incentive to go any higher.

Hurricane Beryl knocks out power as it churns across Texas, slows refinery activities, impels port closures

Hurricane Beryl lashed Texas with strong winds and heavy rain on Monday as it churned inland, forcing the closure of oil ports, cancellation of hundreds of flights and leaving nearly 2 MM homes and businesses without power.

Record U.S. summer heat, hurricanes could roil fuel prices as oil refiners sweat

A double whammy of record heat and hurricanes should test U.S. refiners' resilience in coming weeks, raising the risk of extremely volatile fuel prices in the middle of the peak travel season.

Cepsa Química, Persán to transport their supplies using renewable diesel

Cepsa Química and the Persán group, a leading company of home care and personal care products, have signed an agreement so that the supply transportation of chemical products from Cepsa to the Sevillian company will be carried out using 100% renewable diesel.

Africa could compete in fuel exports, but massive investments are needed

Africa could become a refined fuel exporter, with at least two top-notch refineries due to come on stream within the next five years, but it must overcome its dire infrastructure and a funding crunch.

Shell to take up to $2-B writedown on Singapore and Rotterdam plants

Shell will take an impairment charge of up to $2 B after the sale of its Singapore refinery and pausing of construction of one of Europe's largest biofuel plants.

Peru, Ecuador to join efforts on security and oil integration

The presidents of Peru and Ecuador pledged to join efforts to fight transnational organized crime and also discussed new possibilities for oil processing.