Japanese oil refiner Taiyo Oil Co plans to shut two crude distillation units (CDUs) at its 138,000 bpd Shikoku refinery in western Japan in the summer for scheduled maintenance.
Montfort has emerged as the top bidder for Uniper Energy's oil refinery in the UAE that produces low-sulfur fuel oil for the shipping industry, multiple sources familiar with the matter said this week.
Germany has received confirmation that commercial crude oil deliveries for the PCK Schwedt refinery are expected in the Polish port of Gdansk in January, the economy ministry told Reuters.
European traders are rushing to fill tanks with Russian diesel as the clock runs down on a Feb. 5 European ban expected to tighten supplies, re-draw global shipping routes and increase price volatility.
Exxon Mobil Corp in coming days will sharply boost gasoline and diesel production at its Beaumont, Texas, refinery, people familiar with the matter said, completing a $1.2 B expansion first considered nine years ago.
Oil prices rose on Friday and were on track to gain over 7% on the week due to solid signs of demand growth in top oil importer China and expectations of less aggressive interest rate rises in the United States.
Venezuelan state oil company PDVSA has assigned a third crude cargo to Chevron Corp under a U.S. authorization that restarted exports to the United States after a nearly four-year pause.
France's CGT trade union called for strikes in the refinery sector against plans to make people work longer before they can retire and Paris metro unions said they would do "everything they can" to stop the pension reform.
Vietnam's largest refinery, Nghi Son, will be shut down for 55 days starting August 25 for major maintenance.
ExxonMobil has reached an agreement with Bangchak Corporation to sell its interest in Esso Thailand that includes the Sriracha Refinery, select distribution terminals, and a network of Esso-branded retail stations.