Refining
HF Sinclair (U.S.) beats profit estimates as refining margins soar
Top U.S. refiners are posting improved results in 2Q, rebounding from 1Q losses as stronger-than-expected diesel margins lift earnings.
Canada's Cenovus says U.S. refinery outlook improving, cuts 2025 production forecast
The Calgary, Alberta-based company has struggled recently with underperformance from its U.S. refineries.
Pengerang Terminals to provide storage and handling facilities for biorefinery feedstocks and products
Pengerang Terminals has signed a terminal usage agreement with Pengerang Biorefinery Sdn. Bhd (PBSB), paving the way for PT2SB to provide storage and handling facilities for PBSB’s feedstocks and products.
Indian state refiners pause Russian oil purchases
India, the world's third-largest oil importer, is the biggest buyer of seaborne Russian crude, a vital revenue earner for Russia as it wages war in Ukraine for a fourth year.
PBF Energy partially restarts Martinez (U.S.) refinery, posts smaller-than-expected quarterly loss
The refinery has begun producing limited quantities of gasoline, jet fuel and intermediates. PBF Energy expects total throughput during the period of limited operations to be in the range of 85,000 bpd–105,000 bpd.
Key Asian fuel exporters boost jet fuel sales to Europe in July
Jet fuel exports from South Korea, China and Southeast Asia to Europe likely hit a multi-year high in July as traders shipped out excess regional supply to cash in on higher European prices.
China's Shandong Yulong Petrochemicals to invest > $16 B to incorporate petrochemicals production at Yantai refinery
China's Shandong Yulong Petrochemical plans to invest $117.86 billion yuan ($16.42 billion) to produce chemicals at its refinery complex in Yantai, according to a government notice detailing the provisional plan.
Update: Microsoft restores services to Russia-backed Nayara Energy
Microsoft suspended service after the EU introduced its fresh round of sanctions on July 18 against Russia and its energy sector that also cover Nayara, majority owned by Russian entities such as oil major Rosneft.
U.S. crude stocks and distillate inventories rise, gasoline inventories fall
U.S. crude stocks and distillate inventories rose while gasoline inventories fell in the week ending July 25, the Energy Information Administration (EIA) said.
Mexico exports 39% less crude oil in June, refining and fuel production increase significantly
In May, Pemex's international trading arm, PMI, forecast that the company would export less this year because more would be sent to local refineries, including to its new Olmeca refinery in the port of Dos Bocas.
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Honeywell to supply integrated automation systems for flagship UK carbon capture projects 12/4
- Aduro Clean Technologies collaborates with ECOCE to advance plastics recycling in Mexico 12/4
- FincoEnergies launches GoodFuels B15: A reliable and compliant drop-in biofuel for inland shipping 12/4
- DevvStream, Southern Energy Renewables target low-cost, carbon-negative SAF and green methanol 12/4
- AFPM: Revised fuel economy standards would put CAFE back on solid legal footing 12/4
