Refining

HF Sinclair forecasts lower CAPEX in 2026 on reduced maintenance costs

U.S. refiners have been focusing on maintenance activities after operating at breakneck capacity in 2022 following supply shortages stemming from Russia's invasion of Ukraine.

Aster to carry out further upgrades at Singapore Bukom refinery

The plans include a previously announced project to spend $75 MM to revitalize its condensate splitter unit which it acquired in June, and $71 MM on its lube oil complex to produce higher-value base oils.

EIA: U.S. crude stocks fall, fuel inventories rise on robust refining

U.S. crude inventories fell, while gasoline and distillates stockpiles rose last week amid strong refining activity, the Energy Information Administration said on Wednesday.

Major Asian refiners sell 2026 diesel cargoes at higher premiums

Major Asian refiners have locked in term deals for diesel exports in 2026 at higher premiums to benchmark Singapore prices than this year, supported by firmer prices in November.

IATA: SAF production growth rate is slowing

China refiner moves forward with expansion despite sanctions

A Chinese refinery operator whose main business was disrupted when it was sanctioned by Washington in May for buying Iranian oil is pressing ahead with a $3.6-B petrochemicals expansion project.

Air Products and Yara to partner on low-emission ammonia projects

World-leading hydrogen supplier and global industrial gases company Air Products and world-leading crop nutrition and ammonia company Yara International ASA are working to combine Air Products’ industrial gas capabilities and low-emission hydrogen with Yara’s ammonia production and distribution network.

Exxon, Aramco, Samref to explore major upgrade of Yanbu refinery

The companies intend to explore capital investments to upgrade and diversify production, including high-quality distillates that result in lower emissions and high-performance chemicals.

Russia and India sign deal to build urea plant in Russia

The joint venture will be based on the supply of ammonia from Russia's Togliattiazot plant, with the Indian companies financing the project until the plant begins commercial operations.

U.S. liquid fuels groups announce progress on E15, small refinery exemption reform

In a letter to President Donald Trump, the organizations urged policymakers to advance legislation in support of a stable, efficient fuels marketplace.