Crude oil
Rosneft’s Ryazan refinery suspended crude processing after drone strike
Ukraine has ramped up drone attacks deep inside Russia, aiming to knock out oil refineries, depots and pipelines. Ukrainian drones have struck at least 17 major refineries this year.
Global oil refining profits surge and may stay strong
The strength in margins contrasts with crude oil markets coming under pressure from an expected oversupply, and has defied expectations earlier this year that the rally could prove to be a short-term blip due to the impact of tariffs.
Enbridge approves $1.4-B project to boost Canadian oil flows to U.S. refiners
The project adds additional takeaway capacity for Canadian crude and broadens access to U.S. refineries, improving the flow of oil sands to major export outlets.
China's October crude oil imports rise 8.2% year-on-year, refinery utilization rates highest of year
China's seaborne crude imports rose to 10.4 MMbpd in October, up 6% from September and 9% year-on-year, as refiners ramped up throughput on improving margins.
U.S. urges Europe to stick to oil and gas, not renewables
The U.S. has become Europe's top oil and gas supplier on the back of the U.S. shale boom and its companies are seeking to boost the share as the European Union moves to fully cut off remaining Russian energy imports.
PetroChina to phase out 19 old refining, chemical units to curb sector glut
The world's second-largest oil consumer is facing a faster-than-expected peak in fuel demand due to rapid electrification of its transportation fleet and a petrochemical sector that is plagued by excess capacity and poor margins.
Slovak refiner Slovnaft says Croatia's Janaf cuts supply of non-Russian crude
Slovnaft, part of Hungary's oil and gas group MOL, mostly processes Russian oil and an exemption to EU sanctions that allowed it to export products to the Czech Republic derived from those deliveries expired in June.
Russia-backed sanctioned Indian refiner boosts crude runs to 90%
Oil processing at Nayara's 400,000-bpd western India plant dropped to 70%–80% after the EU sanctioned it in July, denting its exports and leading suppliers such as Iraq and Saudi Arabia to halt crude sales to the company.
Slovak refiner Slovnaft says Croatia's Janaf cuts supply of non-Russian crude
Slovnaft, part of Hungary's oil and gas group MOL, mostly processes Russian oil and has an exemption to EU sanctions that allows it to export products derived from those deliveries.
Mexico's Pemex pumps less, refines more in third quarter
With many fields declining rapidly - especially former star producers in the Gulf of Mexico - and many new discoveries not living up to expectations, the behemoth has struggled to meet the government's ambitious production goal of 1.8 MMbpd.
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Chinese refiners buy oil from storage, raise output with fresh import quota 12/5
- Honeywell to supply integrated automation systems for flagship UK carbon capture projects 12/4
- Aduro Clean Technologies collaborates with ECOCE to advance plastics recycling in Mexico 12/4
- FincoEnergies launches GoodFuels B15: A reliable and compliant drop-in biofuel for inland shipping 12/4
