Refining
HWI officially opens state-of-the-art Fulton (U.S.) lightweight monolithics facility
The greenfield investment increases HWI’s lightweight monolithics production capacity and reinforces its commitment to reliable, innovative, and sustainable solutions for customers across the Americas.
Refiners in India, elsewhere in Asia look to buy Iranian oil after U.S. waives sanctions
The Trump administration on Friday issued a 30-day sanctions waiver for the purchase of Iranian oil already at sea, U.S. Treasury Secretary Scott Bessent said.
China's Sinopec will not buy Iranian oil, wants to tap state reserves
The world's largest refiner usually sources roughly half of its crude oil needs from the Middle East, making it particularly exposed to the near-closure of the Strait of Hormuz amid the U.S.-Israeli war on Iran.
Serbia secures U.S. sanctions waiver for its NIS oil firm
NIS operates Serbia's only oil refinery in the town of Pancevo, just outside Belgrade and is the biggest supplier and fuel retailer in the Balkan country.
India’s Reliance buys about 155,000 bpd Russian oil after pause
The private refiner's overall imports in February rose marginally from last year to 1.37 MMbpd.
China's Sinochem cuts refinery runs, seeks prompt-delivery crude
Sinochem has also been trying to buy spot cargoes from bonded storage for prompt delivery to cover its "immediate" requirements for the 300,000-bpd Quanzhou plant.
Prices for oil, fuel cargoes smash record highs as Iran war chokes Middle East supply
Surging oil prices in physical markets — the trading place for oil on ships, rail cars or in storage tanks — have outpaced the already dizzying increases in benchmark futures markets, as refiners and traders across Asia and Europe are snapping up whatever barrels they can secure to plug the enormous supply gap caused by the U.S.-Israeli war on Iran.
- Consortium launches study to create a consolidated hub for recycled plastics 5/22
- Eni strengthens its global LNG strategy with long-term supply agreements in Indonesia 5/22
- Breakthrough shows how electricity could replace heat to turn CO₂ into useful chemicals 5/22
- bp's Whiting Refinery offers revised proposal to union in ongoing talks 5/22
- Plains oil pipeline partly shut down after rupture in East Los Angeles (U.S.), could disrupt supplies to refineries 5/22
- Vitol moves to open Mexico fuel terminal years after bribery scandal 5/22
