Refining
China's surplus crude oil surges in June, giving refiners options
China accelerated the pace at which it is building crude oil stockpiles in June as the strongest imports in almost two years outweighed a rise in refinery processing.
Trump's sanctions threat looms over Russian oil exports to China, India and Turkey
U.S. President Donald Trump threatened to hit buyers of Russian exports with sanctions unless Russia agrees to a peace deal over the conflict in Ukraine, potentially complicating Moscow's oil sales to China, India and Turkey.
China state refiners ramp up output on rising demand, stock rebuild
Chinese state-owned refiners are ramping up output after completing maintenance to meet higher third-quarter fuel demand and to rebuild diesel and gasoline stocks which are at multi-year lows.
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 buys first Colombian oil under Ecopetrol contract 12/31
- Ukrainian drone attack sparks fire, damages equipment at Tuapse refinery 12/31
- Chile's $2.5-B Volta green ammonia project wins environmental permit 12/31
- China begins issuing second batch of 2026 crude import quotas to refiners 12/31
- EIA: U.S. crude, fuel inventories rose in the week ended December 19 12/30
- Ghana's Tema oil refinery restarts after 9-yr shutdown 12/30
