Refining
Kuwait's Al Zour offers more low-sulfur fuel oil for January
Kuwait has issued a tender offering three cargoes of low-sulfur fuel oil (LSFO) from its Al Zour refinery, ramping up volumes for January compared with previous months.
Chevron to send 500,000-barrel cargo of Venezuelan oil to its Pascagoula refinery
U.S. oil producer Chevron Corp plans to export this month its first cargo of Venezuelan crude to its Pascagoula, Mississippi refinery following a U.S. license granted last year, according to shipping documents seen by Reuters.
Energy commodity prices in 2022 showed effects of Russia’s full-scale invasion of Ukraine
After increasing 68% from January through June, the energy component of the S&P Goldman Sachs Commodity Index (GSCI) ended the year 10% higher than the first trading day of 2022.
China raises fuel export quotas to spur refinery output
China has raised its first batch of 2023 export quotas for refined oil products by nearly half versus a year ago, China-based consultancies said on Tuesday, to spur refinery output, capture strong export margins and adapt to slow domestic demand.
Russia freezes Linde assets worth $488 MM
A Russian court has ordered nearly $500 MM of assets belonging to German industrial gases company Linde to be frozen at the request of a Russian joint venture building a gas complex.
Vietnam's largest refinery's RFCC unit shut for troubleshooting
Vietnam's largest refinery, Nghi Son Refinery and Petrochemical (NSRP), has shut a residual fluid catalytic cracking (RFCC) unit for "troubleshooting", two sources familiar with the matter said.
Petrobras' next CEO seen overseeing strategic shift with renewables focus
The nomination of a Brazilian senator and longtime energy consultant to lead Petrobras suggests President-elect Luiz Inacio Lula da Silva wants the state-run firm to pivot to more renewable energy projects.
Oil set to close higher in 2022, a turbulent year marked by tight supplies
Oil prices edged up and were on track to post a second straight annual gain, albeit a meager one, in a year marked by tight supplies due to the Ukraine conflict, a strong dollar and weak demand from the world's top crude importer China.
China's Sinopec appoints new chief for trading arm Unipec
Chinese refining giant Sinopec Corp has appointed Zhong Fuliang, vice president of its trading arm Unipec, as the new managing director of the unit, according to a company representative.
TC Energy says Keystone pipeline returns to service
Canadian pipeline operator TC Energy Corp said it had completed a controlled restart of its Keystone crude oil pipeline to Cushing, Oklahoma, safely returning the pipeline to service after a 21-day outage.
- 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
