Crude oil
Indian petrochemical demand could rise threefold by 2040
India's annual petrochemical consumption could nearly triple to 80 MMt by 2040 forcing the country to either raise imports or invest into building new facilities, said an executive at the nation's top refiner Indian Oil Corp.
Citgo Petroleum reports $477 MM third quarter profit
Results for the Venezuelan-owned company and other U.S. refiners have touch records this year as prices for motor fuels climbed sharply on the U.S. economic recovery and on global shortages caused by Russia's invasion of Ukraine.
Vietnam's largest refinery to import 2.52 MMt of crude oil in Q4
Vietnam's largest refinery will import 2.52 MMt of crude oil in the fourth quarter to boost operations, state oil firm PetroVietnam said, as authorities try to avert a fuel supply crunch.
Saudi Aramco to ship full oil contract volumes to Asia in December
Saudi Aramco has told at least four refinery customers in North Asia they will receive full contract volumes of crude oil in December.
Italy's plans to secure financing for Lukoil refinery face obstacles, sources say
Italy's efforts to secure financing to keep an Italian oil refinery owned by Lukoil up and running despite new sanctions on Russia kicking in next month have hit obstacles.
Exxon says it is dealing with 'operational matter' at Britain's Fawley refinery
Exxon Mobil said it was dealing with an "operational matter" at its Fawley oil refinery in Britain.
Kuwait's KIPIC says first phase of Al-Zour refinery starts commercial operations
The commercial launch comes after the project started last month to produce and sell primary quantities of fuel oil and supply it to local power stations.
U.S. oil refiners to keep running at breakneck speeds in fourth quarter
U.S. oil refiners this quarter will run their plants at breakneck rates, near or above 90% of capacity, as tight fuel supplies spur high profits and operating rates, according to company forecasts and analysts surveyed by Reuters.
UK sanctions four Russian steel and petrochemical tycoons
Britain has sanctioned four Russian steel and petrochemical business owners, including the former head of steel producer Evraz, the government said on Wednesday, its latest measures taken against Moscow over the war in Ukraine.
Exxon's French Fos-Sur-Mer oil refinery to restart by end of week
The restart of Exxon Mobil's 140,000-bpd Fos-Sur-Mer oil refinery in France should be completed by the end of the week, a company spokesperson told Reuters in an emailed statement on Wednesday.
- ExxonMobil plans 1 Blbs/yr of advanced recycling by 2027 11/22
- Gauging the likely Trump effect on U.S. energy and power sectors 11/22
- Russia's Lukoil restoring cracker at NORSI refinery, gasoline output rising 11/22
- Nigeria's local currency crude sales fall short of target, Dangote refinery says 11/22
- U.S. October gasoline imports hit post-pandemic low on slump in European shipments 11/22
- Clean Hydrogen Works awards McDermott FEED contract for Ascension Clean Energy (ACE) project 11/21
