Refining
Flurry of vessels booked from Mideast to Europe after Dutch refinery outage
SINGAPORE (Reuters) — Oil traders are rushing to secure vessels to ship refined fuel from the Middle East to Europe after a Dutch refinery outage made the route profitable, pushing freight rates to multi-month highs, traders and shipbrokers said on Thursday.
Finnish oil refiner Neste reports lower profits, shares fall
HELSINKI (Reuters) — Finnish oil refiner and biofuel producer Neste on Thursday reported a drop in second-quarter earnings due to expiry of a US biofuel tax break plus the impact of maintenance stoppages at its conventional refineries.
West African oil booms as refineries cash in on high margins
LONDON (Reuters) — Booming refinery profits are helping West African oil producers sell cargoes quickly, aided by a shortage in certain types of crude amid OPEC production cuts and Venezuelan troubles.
PDVSA's refining network to work at 44% of capacity in August
HOUSTON (Reuters) — Venezuela's oil company PDVSA expects its refining network to work at 44% of capacity in August due to a lack of light crude and spare parts and planned maintenance work, according to an internal report from the state-run firm seen by Reuters on Tuesday.
Brazil fuel, lubricant imports surge 57% in July
RIO DE JANEIRO (Reuters) — Brazil's fuel and lubricant imports shot up 57.3% in July from the same month in 2016 to $1.522 B, government data showed on Tuesday.
US oil refiner HollyFrontier's profit tops estimates
(Reuters) — US oil refiner HollyFrontier Corp on Wednesday reported a quarterly profit that handily beat analysts' estimates, helped by higher production and refinery margins.
Online Exclusive: Sunset Boulevard for delayed coking?
The following is an overview of Giacomo Rispoli’s presentation “Eni slurry technology: Achieving the goal of residue conversion.” Mr. Rispoli, Executive Vice President of Eni, presented this material at Hydrocarbon Processing’s International Refining and Petrochemical Conference (IRPC), which was held in Vienna, Austria, from June 6-8, 2017.
African government asking Dangote to complete refinery before 2019
LAGOS, Nigeria — The federal government in Africa has said it relies heavily on the Dangote refinery to fulfill its promise to Nigerians to end fuel importation by December 2019.
Refiner Phillips 66 quarterly profit beats estimates
(Reuters) — US independent oil refiner Phillips 66 reported a bigger-than-expected rise in quarterly profit helped by strength in its chemicals and refining units.
Asia traders consider sending diesel, jet fuel to Europe after Dutch refinery fire
SINGAPORE (Reuters) — Traders in Asia are considering shipping diesel and jet fuel to Europe after a fire at that region's largest oil refinery disrupted supplies and boosted fuel margins, five traders and shipbrokers said on Tuesday.
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