Refining
China doubles 2025 naphtha import quotas
China has issued a second batch of 2025 naphtha import quotas, nearly doubling last year's allocations, as demand rises due to disruptions in U.S. supplies of cheaper alternatives propane and ethane as well as new cracker startups.
BEL Valves supplies six-figure order for Europe’s largest processing plant
BEL Valves, which manufactures high integrity valves, complete with actuation and control systems for oil and gas, hydrogen (H2) and carbon capture installations, has supplied valves worth six figures to Norwegian multinational energy company, Equinor for its Kårstø processing plant in Norway.
INEOS responds to UK Government's industrial strategy
• STATEMENT: On the UK Government’s new industrial strategy and the future of British manufacturing
Pertamina is looking to import > 200,000/month of 90-octane gasoline
Indonesia's Pertamina sought 200,000 barrels per month of 90-octane grade of gasoline for July-September delivery.
Japan will mitigate potential gasoline price spike, prime minister says
Japanese Prime Minister Shigeru Ishiba said the government will act to mitigate any impact from a potential surge in gasoline prices due to the Middle East conflict, implementing a preventative measure starting June 26.
U.S. refinery capacity grew to 18.4 MMbpd in 2024
U.S. refinery crude oil processing capacity grew by nearly 40,000 bpd in 2024 to 18.4 MMbpd.
Venezuela's second-largest refinery halted due to power blackout
Venezuela's second-largest refinery, the 310,000-bpd Cardon plant operated by state company PDVSA, has been halted due to a power blackout.
Chevron seeks buyers for 50% stake in Singapore refinery
U.S. oil major Chevron has sought non-binding bids for the sale of its 50% stake in Singapore Refining Company (SRC), including from joint venture partner PetroChina.
Asian refiners seek more Mideast oil after spot premiums jump on Israel-Iran conflict
Asian refiners have requested more term crude oil supplies loading in August and September from producers in the Middle East after spot premiums jumped.
Mexican authorities discover clandestine mini-refinery in crackdown of illegal hydrocarbon trade
Mexican authorities this week discovered a clandestine mini-refinery in the eastern state of Veracruz, along with half a million barrels of crude oil they suspect were stolen from the country's pipelines.
- Verso Energy awards FEED contract to Rely for the DEZiR eSAF project 11/17
- Iran confirms seizure of tanker with petrochemical cargo headed for Singapore 11/17
- 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
