Refining
North Korea fuel prices surge after China cuts oil sales
SEOUL (Reuters) — Gasoline and diesel prices surged in North Korea in the weeks after a Chinese state oil company suspended fuel sales to the reclusive state, according to data reviewed by Reuters and an interview with a North Korean defector.
Asia's naphtha trapped in downward spiral as supply glut hits
SINGAPORE (Reuters) — Asia is being hit with a naphtha supply glut that could push the market down further, after spot prices in South Korea already flipped from premiums to discounts in late June for the first time since March.
Meridian Energy receives water allocation draft permit recommendation for Davis refinery
BELFIELD, ND — Meridian Energy Group, Inc., a developer of innovative solutions for environmentally-compliant oil refining technology, announced the company has received the Recommended Decision for the Davis Refinery water allocation from the North Dakota State Engineer’s Office.
ClearSign receives order to qualify combustion technology for oil refinery
SEATTLE — ClearSign Combustion Corporation, a provider of industrial combustion technologies that deliver a reduction of pollutant emissions, announced that they have received a purchase order to qualify the company's Duplex combustion technology as a precursor to an installation at a super major oil refinery.
Cheaper options knock Gulf's share of Indian June oil imports to 19-mth low
NEW DELHI/SINGAPORE (Reuters) — India's reliance on Middle East oil imports shrunk in June to the smallest since October 2015 as the world's third-biggest importer tapped other sources amid OPEC supply cuts, ship tracking data from industry sources and data available on Thomson Reuters Eikon showed.
Cold storage: traders shift oil products out of tanks as short-term demand soars
SINGAPORE (Reuters) — Some energy traders in Southeast Asia are cutting their use of storage tanks as short-term demand for oil products soars, hitting companies that rent out storage at a time when many of them have just expanded their capacity.
China crude oil imports hold at strong levels in June
BEIJING (Reuters) — China imported 36.11 MMt, or 8.79 MMbpd of crude oil in June, customs data showed on Thursday, again making the country the world's top buyer for the month.
US petroleum refinery capacity continues to increase
As of Jan. 1, US operable atmospheric crude distillation capacity reached 18.6 MMbpd, 1.6% higher than at the beginning of 2016, according to EIA's annual Refinery Capacity Report. This increase in operable capacity was slightly lower than last year’s increase of 2.0%.
Asian refiners tweak their Qatar oil loadings to side-step Gulf spat
SINGAPORE/SEOUL (Reuters) — Asia's oil refiners are adjusting their shipping arrangements for loading Qatari crude to side-step the diplomatic spat between Doha and other Middle East nations, including top Gulf oil producers Saudi Arabia and the United Arab Emirates.
Japan's JXTG resumes normal operations at Kiire terminal after quake
TOKYO (Reuters) — Oil refiner JXTG Nippon Oil & Energy Corp resumed normal operations at its Kiire storage terminal in western Japan on Tuesday afternoon following an earthquake earlier in the day.
- XRG to expand its global chemicals reach with takeover of Covestro 11/21
- U.S. FERC explores blanket authorizations for LNG projects 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
- Dynamis Power Solutions awards Baker Hughes with significant order for gas turbine technology to support mobile power for oil and gas applications 11/21
- China's first coal-to-chemicals project with green hydrogen starts commercial operations 11/20
