Crude oil
The downstream rundown: In case you missed it 6/24
In cased you missed any downstream news, here are the top stories from last week.
Novoshakhtinsk refinery resumes operations after fire
The Novoshakhtinsk oil refinery in the south of Russia resumed operations after a fire caused by a drone attack on June 22.
Japan's gasoline demand almost at pre-pandemic levels after subsidy
The head of the Petroleum Association of Japan (PAJ) said the country's subsidies for gasoline had helped restore demand close to pre-pandemic levels in May and June.
Brazil's Petrobras buys first cargo of Guyanese crude for refining
Petrobras has bought its first cargo of Guyanese crude for refining domestically as South America's newest producer expands its market reach.
Surge in U.S. renewable diesel supply won't offset loss of petroleum diesel
A flood of U.S. renewable diesel plants set to come online in the next three years will not be enough to offset the loss of petroleum diesel refining capacity from plant closings since 2019.
Kuwait investing to meet any OPEC output increase
Kuwait Petroleum Corporation chief said the Gulf producer had the capacity to reach its OPEC quota and was moving to its first offshore production as it invests to meet future oil demand.
Biden says decision on pause on federal gasoline tax could come by end of week
U.S. President Joe Biden said on Monday that a decision on whether to pause a federal gasoline tax could come by the end of this week, as the United States struggles to tackle soaring gasoline prices and inflation.
Curacao sets talks with U.S.-Brazilian consortium to run island's oil refinery
Curacao will begin negotiations with a seven-company consortium to take over management of the Caribbean island's oil refinery and storage terminal.
Sinopec Shanghai Petchem shut crude, ethylene units after fire
Sinopec Shanghai Petrochemical Co has shut its crude oil refining and ethylene units to evaluate hidden safety risks after a fire on Saturday that hit a chemical facility.
Petrobras CEO resigns amid political blowback on fuel prices
The chief executive of Brazil's state-run oil company Petrobras resigned on Monday in the face of mounting pressure from politicians after the firm announced a fuel price hike last week.
- px Group signs LOIs for major SAF and green hydrogen/ammonia projects in Europe 6/19
- How TotalEnergies is utilizing hydrogen to decarbonize its refineries in Europe 6/19
- Oil tanker market signals more Middle East energy disruption ahead 6/19
- Yokogawa collaborates with Shell on robotics and AI technology for plant maintenance 6/19
- Alder Process Technology uses APS to produce low-carbon marine fuels 6/19
- Yokogawa celebrates 50th anniversary of CENTUM DCS: A pioneering achievement 6/19
