Refining

Asian oil refinery margins jump on outages in Mideast, Asia

SINGAPORE (Reuters) -- Several refineries in the Middle East and Asia have shut down in the past week due to fires and other technical problems, leading to a jump in profit margins for facilities still operating.

India's Reliance completing core refining, petrochemicals expansion, expects sharp profits rise

MUMBAI (Reuters) -- Indian oil-to-telecoms conglomerate Reliance Industries Ltd expects a sharp rise in operating profit from the next financial year as it completes an expansion of its core refining and petrochemicals business, a senior executive said on Monday.

Shell selected as supplier of Rolls-Royce genuine engine oil

DUBAI, UAE -- Shell announced that it has been chosen by Rolls-Royce Motor Cars Ltd as the exclusive manufacturer and supplier of Rolls-Royce Motor Cars Genuine Engine Oil. From October 2016, this oil has started to become available to Rolls-Royce Motor Cars Dealers around the world.

Power outage halts output at Mexico's Tula crude refinery

MEXICO CITY (Reuters) -- Mexico's second-biggest oil refinery was hit by a power outage that halted production, state oil company Pemex said on Saturday.

ADNOC shuts half capacity at Ruwais refinery after fire

SINGAPORE/DUBAI (Reuters) -- Abu Dhabi National Oil Company (ADNOC) has shut half the capacity at its 800,000 barrels-per-day Ruwais refinery after a fire there last week, three industry sources familiar with the matter said on Monday.

Russia's Tuapse oil refinery resumes production after fire

MOSCOW (Reuters) -- Russia's Tuapse oil refinery, which is owned by Rosneft and suffered a fire on Wednesday, has resumed production in full, including vacuum gasoil output, a Rosneft representative told Reuters on Friday.

Pemex sells Maya crude to US West Coast for first time since 2008

MEXICO CITY (Reuters) -- Mexico's Pemex has begun selling heavy Maya crude for the first time since 2008 to US West Coast refiners, the head of the state oil company's international trading arm said on Thursday.

Venezuela's PDVSA sees 2017 oil output stuck near historic lows

(Reuters) -- Venezuelan state energy company PDVSA projects oil production will remain near 23-year lows in 2017, an internal document shows, suggesting more hardship ahead for the crisis-wrought OPEC member country.

India's 2016 Iran oil imports hit record high

NEW DELHI (Reuters) -- India's annual oil imports from Iran surged to a record high in 2016 as some refiners resumed purchases after the lifting of sanctions against Tehran, according to ship tracking data and a report compiled by Thomson Reuters Oil Research and Forecasts.

US East Coast refiners binge on Algerian crude

NEW YORK (Reuters) -- US East Coast refiners are in the midst of their biggest buying spree of Algerian crude in years as they take advantage of cheap oil spilling out of the region, traders said on Thursday.