Economics
China fuel exports hit record in July, crude imports up 1.2%
China's fuel exports rose to a record in July as easing demand growth and a surplus in refined oil products pushed refiners to increase shipments to overseas buyers.
Essar Oil to upgrade Vadinar refinery
Essar Oil Ltd.’s 20 MMtpy Vadinar refinery is looking at earning an additional $1.50/bbl crude on its Gross Refinery Margin.
Trafigura extends credit to China teapots to boost crude sales
Trafigura has extended the credit period for two independent Chinese refiners to buy crude, marking a more aggressive push by the global commodity trader to feed the growing appetite of so-called "teapot" refiners to import oil.
Idemitsu, Showa Shell chiefs met to confirm merger plan
Idemitsu is considering acquiring a smaller stake in Showa Shell than planned to counter efforts by its founding family to block a merger of the two oil refiners.
Braskem to start talks with US authorities over corruption accusations
Braskem SA will start talks with US authorities over accusations of corruption linked to a massive graft investigation in Brazil.
As US crude wobbles near $40, new oil rally in doubt
Oversupply, refining cutbacks and a breakdown in the oil/dollar trade may spell an end to this year's rally.
Refiner HollyFrontier doesn't see output cuts despite weak margins
HollyFrontier does not expect to cut production of refined products, contrasting comments made by its rivals.
Concerns grow over Idemitsu family’s attempt to block Showa Shell acquisition
Shares in both companies decline on fears that acquisition plans may be blocked.
Column: Why is oil market rebalancing taking so long?
Rebalancing the oil market is proving a long and frustrating process.
Oil edges up after slide, but glut still weighs
Oil edged higher Wednesday after hitting its lowest since April the previous day, supported by an industry report showing a fall in US inventories and a weaker dollar.
- Lummus and Sumitomo Chemical announce commercial availability of PMMA chemical recycling technology 2/4
- ExxonMobil ceases production at Fife ethylene plant 2/4
- Vietnam's Binh Son refinery signs energy MoUs with U.S. partners 2/4
- China's Nanshan Group plans 100,000-bpd refinery in Indonesia 2/4
- India's Russian oil imports down in January amid trade talks with U.S. 2/4
- Nigeria’s Dangote Refinery to begin full‑capacity tests in February 2/4
