Refining
Motiva buys cargo of Venezuelan heavy oil for March delivery; first purchase since 2019
Aramco acquired Motiva Trading in 2023 and became the sole supplier of Motiva Enterprises, which owns the 640,500-bpd refinery in Port Arthur, Texas, the largest in the United States.
Mubadala's Acelen to boost diesel capacity at Brazilian refinery Mataripe by 10%
Mataripe, Brazil's second-largest refinery, accounting for about 14% of national capacity, is set to increase diesel production to 13,700 m3d from 12,400 m3d.
Trump EPA to shift at least half of waived biofuel obligations to big refiners
The decision could be unwelcome news for larger oil refiners that have argued that additional blending obligations would raise their costs. But it could help the biofuel industry by boosting demand for blending credits.
Angola's state oil firm Sonangol seeks $4.8-B loan from China for refinery
The financing, if completed, will mark the first borrowing by the Southern African oil producer from China since 2017, when it opted to reduce its exposure to resource-backed loans.
EIA: U.S. crude inventories rise the most in 3 yrs as refinery demand slips, imports increase
U.S. crude inventories rose by the most last week since February 2023, as refinery utilization slowed and imports increased, the U.S. Energy Information Administration (EIA) said.
- Petrobras delivers LPG sold at steep premiums despite Lula move to annul auction 4/3
- Plug Power to supply 275-MW GenEco electrolyzer system for Hy2gen’s Courant decarbonized ammonium nitrate project 4/3
- Vietnam refinery boosting jet fuel production 4/3
- China plans to upgrade some petrochemical plants, phase out others by 2029 4/3
- Morocco has diesel stocks for 51 days, energy ministry says 4/3
- Nigeria's Seplat Energy hit by strike amid push for higher output 4/3
