Crude oil
India cuts fuel export taxes, hikes tax on local crude
India has cut fuel export taxes for the second time in less than two weeks and increased a windfall tax on locally produced crude oil, a government notification said.
Marathon Petroleum posts bumper profit on soaring fuel prices
Marathon Petroleum smashed quarterly profit estimates, the latest U.S. refiner to benefit from a surge in fuel prices sparked by tight capacity and low inventories.
The downstream rundown: In case you missed it 7/29
In case you missed any downstream news, here are the top stories from last week.
Valero to run its 14 refineries at 90%-93% of capacity in Q3
Valero Energy Corp plans to operate its 14 refineries between 90%-93% of their combined total processing capacity in the third quarter.
U.S. majors Exxon, Chevron post blowout earnings, ramp up buybacks
The two largest U.S. oil companies, ExxonMobil and Chevron, posted record revenue on Friday, bolstered by surging crude oil and natural gas prices and following similar results for European majors a day earlier.
Eni confident it will replace Russian gas by 2025
Italian energy group Eni believes it will be able to completely replace Russian gas imports by 2025 as uncertainty over Moscow's energy supplies to Europe forces countries to seek alternative sources.
U.S. fuel demand remains strong, despite recent data
Demand for transportation fuels remains strong despite mixed signals from inventory data collected by the U.S. Energy Information Administration.
Shell slashes gas intake at Dutch, German refineries
Shell has slashed its use of gas at Europe's largest oil refinery, Rotterdam's 404,000 bpd Pernis site, by 40% and at its German refineries by 70%.
U.S. crude stockpiles drop as exports surge to record high
U.S. crude oil stockpiles fell last week, driven by a surge in exports to an all-time high due to the big discount for U.S. crude when compared with international benchmark Brent.
Binh Son refinery Q2 net profit soars to $424 MM
Vietnam's Binh Son Refining and Petrochemical recorded net profit of $424 MM in the second quarter, up by nearly six times from a year earlier.
- Rompetrol completes DCU project at Petromidia refinery 7/17
- U.S. SAF production forecast to eclipse 50,000 bpd by 2026 7/17
- Pertamina expects Balikpapan's CDU IV to resume later this month 7/17
- Exxon shut Joliet, Illinois, refinery after power outage 7/17
- ExxonMobil introduces Enable™ 1617 performance polyethylene 7/17
- Tribunal rejects TC Energy's $15-B claim for Keystone XL 7/17
- Digital Exclusive: SPECIAL FOCUS: Digital Technologies—Utilize process simulation digital twin to optimize condensate yield
- Digital Exclusive-Flare system design: Liquid pockets in flare headers
- Hydrogen-rich content gasoline: A new concept for paraffinic gasoline reformulation
- Alarm rationalization at Kuwait National Petroleum Company (KNPC) refineries
