Crude oil
ADNOC Refining to complete first phase of waste heat recovery project
ADNOC Refining, a joint venture company between the Abu Dhabi National Oil Company (ADNOC), Eni, and OMV, is set to complete the first phase of its innovative Waste Heat Recovery project at the General Utilities Plant in Ruwais, Abu Dhabi.
Fuel markets to stay tight till mid-2020s as refining shrinks
Crude oil refining capacity has shrunk by a record 3.8 MM barrels per day from March 2020 to mid-2022 as demand expanded, setting the stage for fuel markets to remain very tight until at least mid-decade.
North Asian refiners to get full allocation of Saudi crude in October
Saudi Aramco has notified at least three North Asian buyers that it will supply full contractual volumes of crude in October, sources with knowledge of the matter said on Monday.
bp restarted large crude unit at Whiting, Indiana, refinery over weekend
bp Plc restarted the largest crude distillation unit (CDU) over the weekend at its 435,000 bpd Whiting, Indiana, refinery.
India's future crude oil supplies will mostly come from Gulf
India's minister of petroleum and natural gas, Hardeep Singh Puri, said most of his country's crude oil supplies in the near future will come from the Gulf countries, including Saudi Arabia and Iraq, as it seeks a secure and affordable energy base.
Surge in U.S. oil flows to China may curtail Middle East shipments
China's imports of U.S. oil are expected to rise to a 20-month high in September and may increase more in November as refiners take advantage of lower prices amid a surge in U.S. exports from rising output and stockpile releases.
Eight injured in fiery blast at idled Canadian oil refinery
A fire and explosion at an idled oil refinery in Canada's Newfoundland and Labrador province injured eight people before the blaze was contained, Canadian police said.
The downstream rundown: In case you missed it 09/02
In case you missed any downstream news, here are the top stories from last week. These articles include announcements from BASF, Shell, Axens, Petronas and many more. Keep up to date with the latest industry news.
G7 finance ministers agree to Russian oil price cap
The Group of Seven finance ministers plan to implement a price cap on Russian-origin crude oil and petroleum products.
ExxonMobil to sell its share of Aera Energy joint venture
ExxonMobil affiliates have signed an agreement to sell all of ExxonMobil’s interests in the Aera oil-production operation in California to Green Gate Resources E, LLC, a subsidiary of IKAV.
- INEOS to invest €250 MM in Lavera cracker modernization project in France 11/19
- BASF adds ISCC EU certification to certified biomass-balanced methanol portfolio 11/19
- Siam Cement to invest an additional $500 MM in Long Son chemical complex 11/19
- Ducor Petrochemicals, Blue Circle Olefins partner to create a fully circular supply chain for polypropylene 11/18
- World's first: Air Liquide’s innovative technology converts ammonia into hydrogen at industrial scale 11/18
- Borouge to supply advanced polyolefin solutions for next-generation vehicles 11/18
