Refining
Key Asian fuel exporters boost jet fuel sales to Europe in July
Jet fuel exports from South Korea, China and Southeast Asia to Europe likely hit a multi-year high in July as traders shipped out excess regional supply to cash in on higher European prices.
China's Shandong Yulong Petrochemicals to invest > $16 B to incorporate petrochemicals production at Yantai refinery
China's Shandong Yulong Petrochemical plans to invest $117.86 billion yuan ($16.42 billion) to produce chemicals at its refinery complex in Yantai, according to a government notice detailing the provisional plan.
Update: Microsoft restores services to Russia-backed Nayara Energy
Microsoft suspended service after the EU introduced its fresh round of sanctions on July 18 against Russia and its energy sector that also cover Nayara, majority owned by Russian entities such as oil major Rosneft.
U.S. crude stocks and distillate inventories rise, gasoline inventories fall
U.S. crude stocks and distillate inventories rose while gasoline inventories fell in the week ending July 25, the Energy Information Administration (EIA) said.
Mexico exports 39% less crude oil in June, refining and fuel production increase significantly
In May, Pemex's international trading arm, PMI, forecast that the company would export less this year because more would be sent to local refineries, including to its new Olmeca refinery in the port of Dos Bocas.
CLG and INA successfully produce SAF from biogenic feedstock
Chevron Lummus Global (CLG) announced a successful commercial test for co-processing biogenic feedstocks and fossil feedstocks at INA Group's Rijeka Refinery in Croatia.
HAMR Energy announces plans for Australia’s first major methanol-to-jet fuel facility
HAMR Energy announced plans to develop a $700-MM to $800-MM sustainable aviation fuel (SAF) production facility, after completing a successful feasibility study.
China ramps up exports of refined fuels as margins rise
China's exports of key refined fuels are on track to jump to the highest in 16 months as refiners take advantage of rising profit margins.
Indian refiner Nayara trims crude runs in wake of EU sanctions
Privately-held Nayara, which runs India's third-biggest refinery at the port of Vadinar in the western state of Gujarat, controls nearly 8% of the country's total refining capacity of about 5.2 MMbpd.
AFPM challenges Trump biofuel, tariff policies in letter
A leading U.S. refining trade group has criticized the Trump administration's biofuel policies in a letter to top Republican lawmakers, representing the oil industry's biggest rift with the president since his return to the White House in January.
- Asian gasoline margin spikes to highest since August 2023 11/14
- Lukoil-Moldova grants free use of airport fuel terminal to government amid U.S. sanctions 11/14
- Croatia rejects Russian vacuum gasoil cargo after U.S. sanctions 11/14
- Bulgaria wins UK sanctions reprieve on refinery, petrol stations 11/14
- China's Sinochem shuts one crude unit at Quanzhou after fire 11/14
- Enbridge approves $1.4-B project to boost Canadian oil flows to U.S. refiners 11/14
