Refining

Phillips 66 announces $2.4-B capital budget for 2026

China oil demand to plateau between 2025 and 2030

Apparent consumption of oil is expected to reach 760 MMt in 2025, up 0.9% on the year, he added, but demand is set to stabilize next year and stay above 700 MMt until 2030.

Germany's PCK refinery says no impact from pipeline leak

PCK said early estimates put the oil spill at 200 m3 (7,000 ft3) over an area of 2 hectares (5 acres) and environmental damage to soil and water was being assessed.

India imports more Russian crude, but mix of buyers shifts

While the South Asian nation's appetite for Russian crude has not been diminished by the U.S. sanctions against top Russian producers Lukoil and Rosneft, what has changed is the mix of buyers.

Michelin, IFPEN and Axens announce successful progress in BioButterfly™ R&D project to produce biobased butadiene from bioethanol

RCI, nova-Institut unveil new carbon label for products, intermediates and raw materials

Opinion: Trump sanctions on Lukoil, Rosneft could reshuffle global oil map

When President Donald Trump in October slapped sanctions on Rosneft and Lukoil, which together account directly or indirectly for around two-thirds of Russia’s oil exports, the U.S. struck at the core of the Kremlin’s revenue base.

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.