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Crude oil

Russia's offline primary oil refining capacity revised up for April

Russia's offline primary oil refining capacity has been revised upwards for April by 107,000 metric tons from previous expectations to 4.430 MMt.

China refiners imported record amounts of crude oil in 2023

Refiners in China imported record volumes of crude oil in 2023 to supply the country’s increasing refining capacity in order to support the country’s transportation fuel needs and produce feedstocks for its growing petrochemical industry.

China's Sinopec completes successful trial of crude to olefin technology

China's Sinopec Corp said it completed a successful trial processing crude oil directly into olefin, making the top Asian refiner one of the world's few companies that have applied the technology at an industrial scale.

Russian oil and products trapped on tankers hit by new Iran-related sanctions

Russian oil and products have become trapped at sea on four tankers after the U.S. hit the vessels with fresh Iran-related sanctions

Oil India plans to start Numaligarh refinery by Dec 2025, export refined fuels

Oil India plans to start its 180,000 bpd Numaligarh refinery in the northeastern state of Assam by December 2025, its chairman Ranjit Rath said.

Business Trends: A 2024 and beyond outlook for the GCC chemical industry

The global chemical industry faced a challenging year in 2023. Various factors contributed to sluggish demand growth for chemicals globally, including the European recession, U.S. inflation and a lower-than-expected chemical demand rebound in China. These factors resulted in global chemical market growth of < 1% in 2023, with many producers experiencing lower output.

Russia's Ryazan oil refinery restores crude processing to 60% of pre-attack level

Russia's Ryazan oil plant resumed operations at primary oil refining unit CDU-4 this week, increasing its total crude intake to 60% of normal capacity or 169,000 bpd.

More than 20% of global oil refining capacity at risk, analysis finds

More than a fifth of global oil refining capacity is at risk of closure, energy consultancy Wood Mackenzie found in analysis published, as gasoline margins weaken and the pressure to reduce carbon emissions mounts.

Russian oil refining capacity idled by drones reaches 14% of total

Russia's oil refining capacity that was shut down by drone attacks has reached 14% of total.

PetroChina's Jieyang refinery to receive first Venezuelan oil cargo

PetroChina's Jieyang refinery will receive its first direct crude oil cargo from Venezuela, according to trade sources and ship tracking data on Kpler, after Washington temporarily lifted sanctions on the OPEC producer.