Refining

China's Sinochem cuts refinery runs, seeks prompt-delivery crude

Sinochem has also been trying to buy spot cargoes from bonded storage for prompt delivery to cover its "immediate" requirements for the 300,000-bpd Quanzhou plant.

Prices for oil, fuel cargoes smash record highs as Iran war chokes Middle East supply

Surging oil prices in physical markets — the trading place for oil on ships, rail cars or in storage tanks — have outpaced the already dizzying increases in benchmark futures markets, as refiners and traders across Asia and Europe are snapping up whatever barrels they can secure to plug the enormous supply gap caused by the U.S.-Israeli war on Iran.

BASF starts up the world’s first production plant for 3D-printed catalysts in Ludwigshafen

Haffner Energy receives rapid bookings for CORE100 clean-fuel production units

bp agrees to sell 12-MMtpy Gelsenkirchen refinery to Klesch Group

TotalEnergies starts production at France’s first advanced plastics recycling plant

TotalEnergies has launched France’s first advanced plastics recycling plant, with a capacity of 15,000 tpy, at its Grandpuits site southeast of Paris. This start-up marks another step in the conversion of the refinery into a zero-crude platform.

Jones Act: U.S. waives shipping regulation to ease fuel, fertilizer deliveries

Under the Jones Act, goods shipped between U.S. ports must be carried on vessels that are U.S.-built, U.S.-flagged and mostly U.S.-owned. Maritime industry unions support the requirement, which sharply limits the number of tankers available for domestic shipments.

Vance, Wright to meet with U.S. oil trade group, acknowledges 'rough road ahead' on gas prices

The U.S. has already announced plans to release crude oil from the nation's emergency stockpile to reduce energy prices, and on Wednesday said it would issue a 60-day waiver to U.S. shipping regulations ease fuel deliveries to the nation's ports.

Russia's Novatek to maximize naphtha exports in March amid Asia shortage

Rising production in Ust-Luga and easing ice conditions in the Baltic Sea will allow Novatek to boost naphtha exports to Asian markets, where supply challenges due to the Gulf conflict have sent prices to record highs.

ADNOC and OMV advance formation of Borouge Group International AG

The formation of Borouge Group International AG, through the combination of Borouge Plc and Borealis, and acquisition of Nova Chemicals, is progressing according to plan, with the transactions close expected by the end of March 2026, subject to customary conditions.