Crude oil
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.
Gunvor plans to halt oil terminal activities at Europoort refinery
Global commodities trading house Gunvor intends to mothball the terminal activities at its Europoort oil refinery in Rotterdam, Netherlands
U.S. crude stockpiles increase, gasoline falls on July 4 driving demand
U.S. crude oil stockpiles rose unexpectedly last week, while gasoline drew down on the back of strong driving demand ahead of the July 4 weekend, according to the Energy Information Administration (EIA).
bp's 440,000-bpd refinery in Whiting, Indiana (U.S.), reported flaring due to operational conditions
bp's 440,000-barrel-per-day refinery in Whiting, Indiana, on Monday reported flaring due to operational conditions, the company said.
UK's insolvent Lindsey oil refinery secures some crude supply to keep running for now
Britain's insolvent Lindsey oil refinery has secured some crude supplies to stave off immediate closure, the UK energy ministry said, but a source familiar with the situation said the agreement with supplier Glencore was limited.
Brazil's energy minister hints at possible fuel price cuts
Brazil's Mines and Energy Minister Alexandre Silveira suggested that gasoline and diesel prices could soon be lowered in the country, where state-run oil giant Petrobras controls most of the refining capacity.
Saudi Arabia, Indonesia sign several deals worth around $27 B
Saudi Arabia and Indonesia signed several deals and memorandums of understanding worth around $27 B between private sector institutions in fields including clean energy and petrochemicals, Saudi state news agency SPA reported.
U.S. Gulf Coast fuel oil imports at record low as refiners opt for heavier crude
Fuel oil imports into the refinery hub on the U.S. Gulf Coast hit a record low in June as tighter global supplies prompted refiners to run more heavy, sour crude.
Shell flags profit hit from weakness in gas trading and chemicals business
Shell expects quarterly earnings to be hit by weaker trading in its integrated gas division and losses at its chemicals and products operations, it said on Monday ahead of second-quarter results due on July 31.
- HIF Global and German eFuel One GmbH sign HoA for e-methanol offtake 2/20
- Venezuela's refineries boost processing to 35% of capacity 2/20
- New Trinidad gas projects could provide necessary feedstock for country's petchem and LNG sectors 2/20
- MK-Polymer delivers ethylene-propylene rubber to JSC Kazenergokabel 2/20
- Mexican authorities shut down 22-m long tunnel used in illegal smuggling of fuel supplies 2/20
- Digital Feature: First-stage ejector nozzle retrofit achieves meaningful performance improvement 2/20
