U.S.

EIA: U.S. crude and fuel inventories climb, refining activity picks up

Crude inventories rose by 574,000 bbl to 427.5 MMbbl in the week ended November 28, the EIA said, compared with analysts' expectations in a poll for an 821,000-bbl draw.

U.S.: Trump proposes slashing fuel economy rules in boost for gas vehicles

Trump's action aims to undo one of Biden's signature climate moves as he sought to incentivize more electric vehicle purchases.

Valero plans CDU upgrades at Port Arthur, Texas (U.S.) refinery in February

Among the improvements will be upgrades to processing of bottoms - heavy, gunky residual crude oil that is usually sent to the coker or used in asphalt.

Broco Energy secures New England's (U.S.) first renewable diesel contract with Massport

Amber Energy plans to hold on to Citgo refineries after takeover

A Delaware court last week approved Amber's $5.9-B bid for Citgo's parent PDV Holding and ordered the sale of PDV's shares, wrapping up an auction aimed at compensating creditors for debt defaults and expropriations in Venezuela.

Amber Energy approved as acquirer of CITGO by U.S. District Court for the District of Delaware

Amber Energy – led by Chief Executive Officer Gregory Goff – is committed to partnering with CITGO team members to build on its historic foundation and further strengthen CITGO as a leader in the refining, transportation and marketing of products vital to the U.S. economy.

Update: bp Olympic Pipeline begins restart process after completing repairs

The Olympic Pipeline moves refined petroleum products including gasoline, diesel and jet fuel from northern Washington to Oregon and consists of one 16-in. diameter pipeline and one 20-in. pipeline.

Update: bp's Olympic Pipeline shutdown hits airlines' fuel supply

The leak was first reported on November 11. bp restored one of the two pipelines east of Everett that had been shut to determine the source of some product discharge. The restored line was shut down again shortly afterward, halting refined product deliveries on the system.

Vietnam's Binh Son refinery steps up U.S. oil imports

Vietnam has been seeking to buy more U.S. goods to narrow a trade gap between the two countries since Trump threatened in April to impose tariffs on Vietnamese products.

Phillips 66 Aviation expands EPOS solutions for FBO

The company is introducing FBO Director, a new EPOS platform, and integrating Contract Fuel & Phillips 66® Aviation WingPoints® processing, providing FBOs with more flexibility and efficiency in managing their operations.