Refining
Industry Metrics
US product crack spreads surged amid refinery outages as Hurricane Harvey affected US Gulf Coast (USGC) refinery operations.
Iran bans oil refinery products traffic with Iraqi Kurdistan
ANKARA (Reuters) — Iran has banned transportation of oil products by Iranian companies to and from Iraq's Kurdistan region, the semi-official Tasnim news agency said on Friday, after Tehran vowed to stand by Baghdad against Iraqi Kurds' independence vote.
Lukoil postpones maintenance of Volgograd refinery unit to 2018
MOSCOW (Reuters) — Russia’s Lukoil has postponed maintenance of hydro-cracking unit at its Volgograd refinery to March or April 2018, three trading industry sources told Reuters on Wednesday.
Dongming steps up crude purchases in 2017 for Shandong oil refiners
SINGAPORE (Reuters) — Pacific Commerce, the trading arm of refiner Shandong Dongming Petrochemical, has purchased 66% more crude oil in 2017 than last year, both for its own system and for other independent Chinese refiners, a Dongming senior executive said on Wednesday.
Total says expects Port Arthur, Texas refinery output to return soon
HOUSTON (Reuters) — Total SA expects production soon from its 225,500-bpd Port Arthur, Texas, refinery, which has been shut since an Aug. 30 power outage during Tropical Storm Harvey, a company spokeswoman said on Tuesday.
Monroe Energy sees delays unloading supertanker of W.African crude
NEW YORK (Reuters) — Monroe Energy, a subsidiary of Delta Air Lines, ran out of crude oil at its 185,000-bpd Trainer, Pennsylvania, refinery after delays in unloading a supertanker called C. Innovator, according to a source familiar with the company's operations and Reuters shipping data.
JXTG to shut Muroran petchem plant as Japan gasoline demand fades
TOKYO (Reuters) — JXTG Nippon Oil & Energy Corp, Japan's biggest oil refiner, said on Wednesday it will shut its Muroran petrochemicals plant due to falling demand for gasoline in Japan.
India needs to double refining capacity by 2040 to meet fuel demand growth
SINGAPORE (Reuters) — India needs to double its refining capacity by 2040 to meet rising fuel demand as an expanding middle class buys more passenger vehicles and its economy grows, a top refinery official said on Wednesday.
Petrotechnics’ survey reveals reality of risk in the global hydrocarbon industry
ABERDEEN, Scotland, UK — Petrotechnics, the developer of the hazardous industries’ first software platform for operational excellence, has released its 2017 Operational Risk and Process Safety Management survey results. Insights from more than 200 senior industry leaders reveal that only 6% believe their companies are fully up-to-date with their scheduled safety-critical maintenance.
Strong growth in fuel demand accelerates oil market rebalancing
SINGAPORE (Reuters) — Strong oil demand growth in emerging economies led by China and India but also from Europe is drawing down oil stockpiles faster than expected, putting the global market firmly on track to rebalance, senior industry executives said on Tuesday.
- UPM unlocks new bio-based markets as Leuna biorefinery produces its first commercial product 12/19
- Stamicarbon awarded technology licensing contract for new urea plant in Eastern China 12/19
- Ford takes $19.5-B writedown on EV business 12/19
- Babcock & Wilcox awarded $40-MM contract for advanced wet gas scrubbing technology at Canadian petroleum refinery 12/19
- Aarti Industries secures methanol and toluene feedstock supply through multiple long-term contracts 12/19
- bp picks first outsider CEO Meg O'Neill after abrupt Auchincloss exit 12/19
