Refining
UPM cancels second Rotterdam biomass-to-fuels refinery
UPM plans to discontinue the development of its potential second biomass-to-fuels refinery at the Port of Rotterdam. UPM plans to halt all engineering work related to the CAPEX investment and withdraw from all site-related commitments associated with the Rotterdam investment
ExxonMobil ramps up unit at 250,000-bpd refinery in Joliet, Illinois (U.S.) to full capacity
ExxonMobil's 250,000-bpd refinery in Joliet, Illinois (U.S.) brought the catalytic cracker unit back to full capacity.
Slovak refiner will continue supplies to Czech Republic after sanctions waiver ends
Slovak refinery Slovnaft has secured alternative crude supplies to maintain diesel exports to the Czech market after the June 5 expiry of an EU exemption that allowed it to export products derived from Russian oil.
Indian refiner Reliance's April Russian oil imports up 55% m/m
India's Reliance Industries, operator of the world's biggest refining complex, shipped in about 826,000 bpd of Russian oil in April, up nearly 55% from the previous month.
Canada shift crude oil exports to China, an unintended consequence of U.S. energy tariffs
If there is a law of unintended consequences, then a good example is how commodity markets are adjusting to both the realities and the perceived threats of the tariff war launched by U.S. President Donald Trump. An example of this is seaborne exports of crude oil from Canada, which have shifted away from the United States and towards China, even though Trump backed away from his initial plan to impose a 10% tariff on energy imports from Canada.
Libya says oil leak occurs in pipeline south of Zawiya city
An oil leak forced the shutdown of a pipeline south of Libya's city of Zawiya, the National Oil Corporation (NOC) said on Saturday.
Saudi Arabia's refining boom helps it weather oil price war
Saudi Arabia has been cranking up oil refining operations to capture strong profit margins, helping the kingdom offset revenue lost from declining crude prices and exports.
SOCAR, Gunvor, Bin Butti to bid for refiner Italiana Petroli
State Oil Company of Azerbaijan (SOCAR), global commodity trader Gunvor and Abu Dhabi-based Bin Butti Group are expected to submit binding offers for Italian oil refiner Italiana Petroli (IP) next week.
Ecuador's biggest oil refinery stops operating as precaution due to fire
A fire that erupted in a fuel oil tank on Monday at Ecuador's biggest oil refinery is under control, state oil company Petroecuador and the country's energy minister said
Saudi Aramco considers asset sales to free up funds
Saudi state oil giant Aramco is exploring potential asset sales to free up funds, as it pursues an international expansion and weathers lower crude prices.
- 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
- Russia and India sign deal to build urea plant in Russia 12/5
- U.S. liquid fuels groups announce progress on E15, small refinery exemption reform 12/5
- Million Air and Avfuel bring SAF to Austin, Texas (U.S.) 12/5
- Chinese refiners buy oil from storage, raise output with fresh import quota 12/5
