Refining
Nigeria's Dangote Refinery, others seek 597,700 bpd of oil amid tight supply
Nigerian refineries, including the Dangote Refinery, have raised their domestic crude requirements for the second half of 2024 to 597,700 bpd from 483,000 bpd in the first half, the national oil regulator said, despite tight domestic supply.
U.S. refiners trim 3Q output amid weaker margins, plant overhauls
U.S. crude oil refiners are trimming 3Q production plans, company executives said in recent earnings calls, as summer fuel demand ebbs and profit margins remain weak.
Citgo reports $25-MM loss in 2Q over unfavorable market conditions
U.S. oil refiner Citgo Petroleum on Thursday reported a net loss of $25 MM in 2Q following unfavorable market conditions and refinery maintenance and upgrades, compared with income of $410 MM in the quarter immediately prior.
India's Reliance in crude-for-naphtha swap deal with Venezuela
India's Reliance Industries plans to use naphtha supplies as partial payment for crude purchases from Venezuela after the refiner obtained a U.S. approval last month to resume oil trade with the sanctioned producer, three sources aware of the contract terms said.
Singapore's middle distillates stocks rise to 3-yr high
Singapore's middle distillates stocks climbed for a second week to hit a 3-yr high of nearly 12 MMbbls, as a drop in diesel/gasoil net exports countered gains in jet fuel/kerosene net exports.
Indonesia begins testing to prepare B50 palm oil biodiesel mandate
Indonesia is carrying out tests ahead of plans by the incoming government to increase the palm oil-based biodiesel blending mandate to 50%, from 35% now, raising industry concerns over supplies for exports.
Maersk's shipping future includes dual-fuel vessels, continuing decarbonization of marine transport
Maersk is in the process of signing newbuilding orders and time-charter contracts for dual-fuel vessels (methanol and liquified dual-fuel propulsion systems) matching the planned renewal pace of around 160,000 TEU/yr.
ExxonMobil's Joliet, Illinois (U.S.), refinery restarts units, ramps up production
Exxon Mobil restarted select units at its 251,800-bpd in Joliet, Illinois, three weeks after it lost power following a storm.
Canada's Suncor Q2 report shows increased refinery throughput and refined product sales
So far Suncor is tracking above the high end of its forecasts for 2024 oil production, refining throughout and refined product sales, Kruger told analysts on an earnings call.
Exxon's Joliet, Illinois (U.S.) refinery restarts units, ramps up production
ExxonMobil has restarted select units at its 251,800-bpd refinery in Joliet, Illinois, three weeks after it lost power following a storm.
- 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
