Economics
Irving Oil confirms agreement in place to acquire Whitegate refinery in Ireland
Irving Oil reached an agreement with Phillips 66 to acquire its Whitegate refinery located near Cork, Ireland.
Idemitsu family, in fight with management, buys Showa Shell shares to block acquisition
The founding family of Japan's Idemitsu Kosan Co. bought a stake in Showa Shell Sekiyu KK, in a bid to block Idemitsu management's billion-dollar plan to take over the rival oil refiner.
Delta's refinery sacrifices profits for lower fuel cost
Delta Air Lines Inc. is flooding the New York market with jet fuel from its refinery, sacrificing refining profits in order to lower the carrier’s fuel costs.
Refiners and small fuel retailers disadvantaged by EPA biofuels program
US regulators should alter a much-debated biofuels program that disadvantages refiners and small fuel retailers.
Italian refiner Saras starts repaying Iranian oil debt
Italian oil refiner Saras has paid back part of the debt it owes Iran for cargoes of crude oil taken before sanctions were imposed on the country in 2012.
Egypt studies 8 state-owned oil companies for IPO or share
Egypt's Ministry of Investment will assess eight state-owned petroleum companies for their suitability for a possible listing on the Egyptian Stock Exchange.
Business Trends: The state of the global downstream construction sector
Capital-intensive investments are being made in every sector of the hydrocarbon processing industry, in every region.<br>
Oil falls as oversupply weighs
Oil prices fell, reversing earlier gains, as increases in OPEC production and US oil rig additions continued to weigh on the market.
Phillips 66 says refiners to cut production as margins shrink
Phillips 66 seconded rival Valero Energy Corp.’s statement that refiners are expected to process less crude in the second half of the year as margins shrink due to a gasoline glut.
Column: La Nina set to boost US winter heating oil demand
Refiners are hoping distillate will get a further boost from a pick-up in freight movements and a colder winter in 2016/17.
- 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
- European oil refinery maintenance to rise in March 2/4
- Poland's Gdansk refinery plans cyclical maintenance from month-end 2/4
- China's Nanshan Group plans 100,000-bpd refinery in Indonesia 2/4
