Refining
Nigerian leader criticizes state petroleum minister over fuel shortages
An economic crisis caused by low oil prices has created shortages because fuel importers cannot get the dollars needed to buy petrol and the state oil firm has not been able to sign agreements quickly enough to exchange crude oil for gasoline.
High gasoline demand leaves US refiners with surplus of distillates
To meet gasoline demand from motorists, refiners have to process increased volumes of crude, leaving them with unwanted stocks of hard-to-sell distillates and other products.
China’s middle distillate exports set for sharp rise
It would certainly appear that the conditions for a sharp rise in exports of gasoil, the refinery term for middle distillate fuels diesel and kerosene, are in place.
Nigeria holds talks with Chevron, Total and Eni to revamp refineries
The West African nation has been trying to restart its outdated refineries in Port Harcourt, Warri and Kaduna to end its dependency on costly fuel imports.
US gasoline, distillate stocks fall as run rates rise
Refinery crude runs rose by 414,000 bpd and refinery utilization rates rose 2 percentage points to 90.4% of total capacity, the highest rate seasonally since 2005.
Colombia’s Ecopetrol seeks $2 billion from CB&I over refinery costs
Ecopetrol has said bad management at CB&I increased spending on the project by $4 billion, or double the original price tag. Ecopetrol filed the suit before the International Chamber of Commerce.
US, Indian gasoline demand boosts outlook for oil
Hedge funds have turned very bullish about the outlook for oil prices based on indicators showing strong gasoline demand in the US and India.
US investigates Brazil’s Odebrecht, Braskem over naphtha contracts
Local daily Valor Economico said the Justice Department was focusing its investigation on whether the companies violated the Foreign Corrupt Practices Act in naphtha supply contracts.
Iran’s lack of storage access limits oil exports to European refiners
Some 45-50 million barrels of Iran's oil are estimated to be held in tankers at sea, barely changed from the amounts thought to be in floating storage before sanctions were lifted at the start of the year.
Morocco’s refiner Samir appeals liquidation ruling
Samir, controlled by Corral Petroleum, halted production last August due to financial difficulties. "We had 10 days to file an appeal and we finally did it on Thursday," Samir's lawyer said.
- 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
- EIL signs MoU with Aramco Asia India Pvt. Ltd. for cooperation in various oil/gas activities 11/21
