Crude oil
Oil storage situation in Canada and U.S. after Keystone spill
Six days after TC Energy Corp's Keystone pipeline shut following a 14,000-barrel spill into a creek in Kansas, traders are questioning whether there is enough oil in storage in key areas if the pipeline remains closed for a number of weeks.
The upgrade at PT Pertamina's Balikpapan refinery will increase production to 360 MMbpd
The PT Pertamina (Persero) refinery in the Indonesian town of Balikpapan will increase its production of oil derivatives to 360 MMbpd once its upgrading and improvement works are completed during 2024.
China's December refined oil exports may hit record near 7 MMt
China may close the year with record shipments of key transportation fuels in December as refiners rush to use their export quotas and maximize overseas profits to compensate for tepid domestic fuel demand caused by COVID-related curbs.
TC Energy says has not found cause of Keystone oil pipeline leak
Canada's TC Energy said it has not yet determined the cause of the Keystone oil pipeline leak last week in the United States, while also not giving a timeline as to when the pipeline will resume operation.
Lukoil's Romanian refinery has alternative crude supplies
Romania's Petrotel Lukoil refinery, owned by Russia's Lukoil has found alternative fuel supplies and its petrol stations will not be affected by a ban on Russian imports, Energy Minister Virgil Popescu said on Monday.
U.S. oil refiner Valero, rivals pursue Chevron for Venezuelan crude
U.S. oil refiners that once were regular buyers of Venezuelan crude are jockeying to win access to coming cargoes chartered by Chevron Corp under a newly issued U.S. license, two people familiar with the matter said.
Lukoil-controlled Italy refinery will keep going despite oil embargo
An Italian oil refinery controlled by Russia's Lukoil still sees scope to remain operational despite a European Union embargo on Russian oil starting on Dec. 5, the company said, after Rome paved the way to place it in the hands of trustees.
Maire Tecnimont wins €80 MM EPCM refining contract in Greece
Maire Tecnimont announced that its subsidiary KT – Kinetics Technology has been awarded an EPCM contract by Motor Oil Hellas for a new C3 splitter unit to be implemented inside the Corinth Refinery.
Chevron can resume key role in Venezuela's oil output, exports
Chevron Corp received a U.S. license allowing the second-largest U.S. oil company to expand its production in Venezuela and bring the South American country's crude oil to the United States.
China and India easing away from Russian crude oil may be temporary
There are signs that China and India are pulling back from buying Russian crude oil ahead of the Group of Seven nations' proposed price cap and a European Union ban on imports.
- Allied Biofuels signs PIA with Uzbekistan to advance $6-B biofuels refinery project 4/10
- Nufarm strengthens strategic collaboration to support long term growth in biofuels production 4/10
- Pertamina and CRecTech sign MoU to explore pilot biogas-to-biomethanol facility in SEZ, Indonesia 4/10
- Shell Chemicals and Syensqo partner to deliver low-carbon ethylene oxide solutions 4/10
- HAMR Energy’s nationally significant fuel projects selected for Australian Government’s Investor Front Door Pilot 4/10
- HD Hyundai Heavy Industries builds world's first ammonia-powered vessel 4/10
