Refining

Biofuel demand to soak up more than half of U.S. soyoil production next year, USDA says

U.S. biofuel makers will consume more than half of all soybean oil produced in the United States next year as a recent flurry of federal policy moves has transformed the sector, including higher blending mandates and curbs on foreign biofuel imports and feedstocks.

Russia's June seaborne oil product exports down 3.4% m/m

Russia's seaborne oil product exports in June were down 3.4% from May at 8.98 MM tonnes (t) amid planned domestic refinery maintenance and strong domestic demand.

EIA: U.S. hydrocarbon production supported by export growth in long-term projections

In its Annual Energy Outlook 2025 (AEO2025), the U.S. Energy Information Administration (EIA) projects that U.S. production growth of crude oil and natural gas will remain relatively high through 2030 due to increasing U.S. exports of petroleum products and liquefied natural gas (LNG), as U.S. energy exports continue to be economical for international consumers.

India's BPCL plans to shut Bina refinery unit for 15-day maintenance in August

Diesel output from BPCL's Bina refinery will be affected during the maintenance turnaround, but gasoline production will continue through its secondary unit.

Russia`s Tatneft launches new hydrocracking unit on TANECO refinery

Russian mid-sized oil producer Tatneft has launched a new hydrocracking unit at its TANECO refinery.

IEA: Global oil market may be tighter than it looks

The world oil market may be tighter than it appears despite a supply and demand balance pointing to a surplus, the International Energy Agency (IEA) said on Friday, as refineries ramp up processing to meet summer travel demand.

India must boost its petchem output to counter China's dominance, Reliance says

India must increase its petrochemical production capacity to meet local and global demand and contain China's growing dominance of the sector.

Indian Oil to upgrade Panipat refinery's diesel unit for green jet fuel production

Indian Oil Corp plans to shut the diesel desulfurizer unit at its 300,000-bpd Panipat refinery for an upgrade aimed at producing sustainable aviation fuel (SAF) next year, Arvind Kumar, its head of refineries, said.

Gunvor plans to halt oil terminal activities at Europoort refinery

Global commodities trading house Gunvor intends to mothball the terminal activities at its Europoort oil refinery in Rotterdam, Netherlands

Greenergy proposes to close Immingham biodiesel plant in the UK