Crude oil
Production at Venezuela's largest refinery hit by blackout
Production at Venezuela's largest refinery, which can process about 645,000 barrels of oil per day (bpd), was halted late on Saturday by an electrical fault that caused a blackout.
The downstream rundown: In case you missed it 7/1
In case you missed any downstream news, this piece will give you a summary of some of the top stories from last week.
Oriente crude exports suspended, Napo flowing amid force majeure
Exports of Ecuador's flagship Oriente crude remain suspended under a force majeure declaration as the spread of anti-government protests hurts oil output.
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.
- 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
