Crude oil
Slovak refiner says sanctions plan will halt exports, threaten operations
Slovnaft, a unit of Hungary's MOL, said that planned sanctions on Russian oil would in their current form ban oil product exports after 8 months from Slovnaft to its key markets in central Europe such as the Czech Republic, Austria and Poland.
Brazilian president may need months to replace Petrobras management
Brazilian President Jair Bolsonaro has intensified his calls to shake up the board and management of state-run oil company Petrobras.
Global refiners falter in efforts to keep up with demand
Refiners worldwide are struggling to meet global demand for diesel and gasoline, exacerbating high prices and aggravating shortages from big consumers like the United States and Brazil to smaller countries like war-ravaged Ukraine and Sri Lanka.
The downstream rundown: In case you missed it
In case you missed any downstream news, this piece will give you a summary of some of the top stories from last week.
Taiwan's naphtha tanker hit by suspected attack
An oil tanker carrying fuel from the Middle East for Taiwan’s state oil refiner CPC Corp was suspected to have been attacked.
ExxonMobil progresses growth plans and efforts to advance lower-emissions technologies
In its downstream and chemical businesses, ExxonMobil is on track to more than double earnings potential from 2017 adjusted results by 2025.
Occidental to sell parts of Anadarko after debt-fueled acquisition
Occidental Petroleum snatched up some of the richest shale oilfields in Texas when it beat out rival Chevron Corp in a bidding war to acquire Anadarko Petroleum.
Petrobras targets private refineries with oil from storage
Brazilian state oil company Petroleo Brasileiro SA is shipping crude during June and July for storage in China to more quickly respond to demand from the country’s independent refiners
China April crude oil imports hit monthly record, refiners stocked up ahead of sanctions
China’s crude oil imports in April unexpectedly surged to a record despite refinery maintenance outages and tepid domestic fuel demand.
India cuts fuel tax, refinery prices to ease pain of rising crude
India is cutting prices of petrol and diesel by 2.50 rupees ($0.03) a liter, Finance Minister Arun Jaitley said on Thursday, the government’s latest step to tackle the impact of a sharp rise in crude oil prices and a weak local currency.
- TotalEnergies extends its fuel price cap policy in France until the end of April 4/7
- Navigating the montan wax challenge with renewable alternatives for polymers 4/7
- AFR selects Axens as technology provider for Texas (U.S.) refinery 4/7
- Iran has attacked Saudi Arabia's Jubail petrochemical complex, IRGC says 4/7
- Iran's Marvdasht Petrochemical complex attacked by US and Israel 4/7
- Fluor awarded engineering and design contract for America First Refining's refinery in South Texas 4/7
