Refining

Accident kills worker at Pemex refinery, output not affected

MEXICO CITY (Reuters) -- An accident at the Ciudad Madero refinery of Mexican state-owned oil firm Pemex killed one worker on Thursday, but the incident will not affect production, a company spokesperson said.

China's CNPC forecasts record oil demand, warns on product glut

BEIJING (Reuters) -- China's crude oil demand will grow by 3.4% this year to a record of almost 12 MMbpd, the country's top state-owned oil producer forecast on Thursday, as refiners in the world's second-biggest oil user ramp up output.

Rosneft signs oil supply deal with firm linked to Qatar, Glencore

MOSCOW (Reuters) -- Russian oil major Rosneft has concluded a deal with a company linked to Qatar and commodities trader Glencore to supply up to 55 MMt of crude in total over a 5-year period, Rosneft said in a statement on Tuesday.

Russia's Tuapse refinery catches fire, says output plans unaffected

MOSCOW (Reuters) -- Russia's Tuapse oil refinery, owned by Rosneft, said it had caught fire on Wednesday and that the incident would not affect production plans.

Refiners shun new Canadian crude blend offer from Enbridge line

CALGARY, Alberta (Reuters) -- Enbridge Inc has approved a new stream of heavy Canadian crude for export on one of its major oil pipelines to the United States, according to four trading sources. The only problem? No one wants it.

Aramco awards Técnicas Reunidas ‘Clean Fuels’ project at Ras Tanura refinery

Saudi Aramco, the Saudi Arabian state-owned oil company, has selected Técnicas Reunidas (TR) to execute the turnkey contract for the “Clean Fuels” project in the Ras Tanura refinery in the east coast of Saudi Arabia.

India's 2016 fuel sales growth highest in at least 16 years

NEW DELHI (Reuters) -- India's fuel demand in 2016 grew at its highest pace in at least 16 years as low oil prices for most of the year boosted demand for gasoline and aviation fuels.

Iran in talks to export 4 MM barrels of oil per month to Philippines

ANKARA (Reuters) -- National Iranian Oil Company (NIOC) is negotiating with the Philippines over exporting four million barrels of crude per month to the country, Iran's English-language Press TV quoted a statement published on Friday by the NIOC as saying.

US crude stocks fall sharply, products surge

(Reuters) -- US crude oil inventories fell sharply as higher refining runs prompted a surge in gasoline and distillate stocks in the last week of 2016, the Energy Information Administration said on Thursday.

LyondellBasell plans to retain Houston refinery after asset review

NEW YORK (Reuters) -- LyondellBasell said on Thursday that it would retain its Houston-area refinery following a review of strategic options for the business.