Refining
S.Korea's Iranian crude oil imports rise around 40% on year in Aug
SEOUL (Reuters) — South Korea's imports of Iranian crude oil increased 40.2% in August from the same month a year earlier, with its refiners snapping up competitively priced cargoes from the Middle Eastern nation.
US refiner Phillips 66 charters foreign vessel after Jones Act waiver
(Reuters) — Phillips 66 has chartered a Marshall Islands-flagged vessel, making use of a temporary waiver of the Jones Act that was put in place to meet fuel shortages in the wake of hurricanes Harvey and Irma, Argus Media reported on Thursday.
CNPC, Eni sign new cooperation agreement
ROME — China National Petroleum Corporation (CNPC) and Eni signed cooperation agreement in order to cooperate in oil & gas exploration and production, gas and LNG value chain opportunities, trading and logistics opportunities, refining and petrochemicals. The partnership will regard both China and overseas activities.
Storms worsen unprecedented summer slump in US diesel supply
NEW YORK (Reuters) — US diesel stockpiles did something this year that has never happened in the summer before: They shrank. And that was even before Hurricane Harvey landed, knocking out a quarter of US refining capacity, crippling production of fuel products.
Ecoslops and Galp giving a new life to oil residues
SINES — Ecoslops, a technology company that regenerates ship-generated hydrocarbon residues (or slops) into valuable new fuels and light bitumen, announced the implementation of a long-term agreement with Galp for the supply of refined cut to the Sines Refinery of Galp.
Sinopec starts up Tianjin commercial crude reserve
(Reuters) — A new commercial crude oil reserve base built by China’s Sinopec Corp in northern Chinese port of Tianjin received its first oil shipment on Wednesday, the state refiner said.
China's crude refinery output rebounds in Aug on new quotas
BEIJING (Reuters) — Chinese refineries processed 6.5% more crude oil in August than a year earlier at 47.12 MMt, or about 11.1 MMbpd, data from the National Bureau of Statistics showed on Thursday.
Pemex expects Salina Cruz refinery to be back online in 3–4 weeks
MEXICO CITY (Reuters) — Mexican state oil company Pemex expects Salina Cruz refinery, the country’s largest, to be up and running in three or four weeks once it has repaired the electrical system damaged by an earthquake last week.
India's fuel demand falls the most in over 14 yr
NEW DELHI (Reuters) — India's fuel consumption fell 6.1% in August, its fastest rate of decline since April 2003, as heavy rainfall across the country cut the use of diesel for irrigation pumps and curbed demand for auto fuels.
S.Korea's GS Caltex says unsure when will restart fire-hit hydrocracker, aromatics unit
SEOUL (Reuters) — GS Caltex, South Korea’s second-largest oil refiner, said on Monday that it was unsure when it would be able to restart a hydrocracker and aromatics unit after they were hit by fire last month.
- XRG to expand its global chemicals reach with takeover of Covestro 11/21
- thyssenkrupp Uhde selected by Dangote Fertilizer Ltd. to license four urea granulation units in Nigeria 11/21
- Indian and Chinese refineries are moving to comply with U.S. sanctions on Russia 11/21
- China's first coal-to-chemicals project with green hydrogen starts commercial operations 11/20
- Norsk e-Fuel and Braskem partner to turn captured carbon into long-lasting products 11/20
- Nigeria's Dangote refinery delays CDU maintenance to end of January 2026 11/20
