Europe
Exxon: $1 B Antwerp clean fuels unit will be running by mid-2018
LONDON (Reuters) — ExxonMobil expects a new $1 B fuel upgrading unit at its Antwerp refinery to be fully operational in the first half of next year, the company said on Tuesday.
Rosneft, Pertamina set up JV for Tuban refinery project
Rosneft and Indonesian state-owned oil and gas company Pertamina completed the establishment of the joint venture for the development of Tuban grass root refinery and petrochemical complex (TGRR) in Tuban in the East Java province of Indonesia.
Suez, LyondellBasell in plastics recycling JV
PARIS (Reuters) — French waste and water group Suez and LyondellBasell Industries NV plan to set up a plastic recycling joint venture in the Netherlands, Suez said in a statement.
IEA chief sees oil markets tightening towards second half of 2018
OSLO (Reuters) — The global oil market could tighten towards the second half of 2018 if demand remains robust and key producers continue their current policies, International Energy Agency chief Fatih Birol said on Tuesday.
Hellenic Petroleum sees adjusted EBITDA above €947 MM this year
ATHENS (Reuters) — Greece’s largest oil refiner Hellenic Petroleum expects its core profit to exceed $947.84 MM this year, Chairman Efstathios Tsotsoros said on Thursday.
Eni's Italian refineries at risk of shutdown after tax evasion probe
MILAN (Reuters) — Italy’s Eni said on Wednesday its refineries in Italy were at risk of shutdown after Italian tax police seized assets as part of a probe into alleged tax evasion.
Russian minister says OPEC oil deal hurting domestic economy
MOSCOW (Reuters) — Russia's economic growth in October was negatively affected by a global deal between members of OPEC and Russia to curb crude oil production, Russia's economy minister said on Thursday.
Neste forms partnerships with four distributors to provide renewable diesel to California
Neste has announced exclusive partnerships with four fuel distributors in California: IPC (USA), Inc.; Ramos Oil Company, Van De Pol Petroleum; and Western States Oil. Public and private fleets will now have access to a consistent and high-quality supply of Neste MY Renewable Diesel through these partners.
US crude extends rally to $58, first time since 2015
LONDON (Reuters) — Oil extended gains on Wednesday, with US crude hitting $58/bbl for the first time since July 2015 as a major pipeline cut Canadian crude flows to the United States, where inventories are expected to have fallen further.
Russia's Transneft says to resume oil exports from Novorossiisk
MOSCOW (Reuters) — Oil loadings from the Russian Black Sea port of Novorossiisk were set to resume later on Tuesday after a storm in area subsided in the early hours of the day, oil pipeline monopoly Transneft said.
- Uniper and AM Green sign long-term offtake agreement for up to 500,000 tpy of renewable ammonia from India 1/12
- Indonesia president inaugurates Balikpapan refinery upgrade worth $7.4 B 1/12
- Carlyle, Chevron-Quantum partnership among frontrunners for Lukoil assets 1/12
- Brazil's diesel imports hit record in 2025 amid local production decline 1/12
- Vitol to load first diluent cargo under Venezuela supply deal last weekend 1/12
- Maersk explores more ethanol use for green fuel to cut reliance on China 1/12
