India would be one of the countries most exposed if Russia refuses to sell crude oil at the capped price under proposed sanctions to be imposed by the United States and the European Union.
U.S. oil refiners this quarter will run their plants at breakneck rates, near or above 90% of capacity, as tight fuel supplies spur high profits and operating rates, according to company forecasts and analysts surveyed by Reuters.
China's diesel exports in September surged to their highest in more than a year while aviation fuel shipments were the most in 29 months as refiners rushed to cash in on robust export margins.
Global shortages of middle distillates such as diesel, gas oil and heating oil are intensifying rather than easing – making it more likely a relatively severe slowdown in the business cycle will be necessary to rebalance the market.
ExxonMobil's French business Esso is trying to resume operations as soon as possible now that an agreement has been accepted by two trade unions.
Hydrocarbon Processing, the downstream processing sector’s leading technical publication for 100 yr, has announced the finalists for its sixth annual HP Awards, which celebrate innovative technologies and people that have been instrumental in improving facility operations over the past year.
The use of biodiesel is rapidly becoming more popular due to growing trends both inside and outside the petroleum industry.
The global push to neutralize carbon-based GHG emissions by 2050 not only holds great promise for the future of the planet, but it also stands to create millions of jobs, spur rapid growth and drive technological innovation.
bp laid off most contractors at the approximately 160,000 barrel-per-day Toledo, Ohio, refinery it owns with Cenovus Energy Inc, indicating that the plant will experience a prolonged shutdown following last week's explosion and fire.
Raven SR, a renewable fuels company, and EFT announced that they have signed a MoU to integrate their respective technologies into an advanced system for producing SAF and renewable diesel.