Fuel Oil
Taiwan's Formosa plans June run cuts due to weak refining margins
Due to weak margins, Taiwan's Formosa Petrochemical Corp plans to cut run rates at its crude distillation units by 40,000 barrels per day (bpd) to 440,000 bpd in June.
Singapore middle distillates stocks slip on rising jet fuel/kerosene exports
Singapore's middle distillates inventories fell by more than 100,000 bbls in the week ended May 29 amid higher net jet fuel/kerosene exports, though diesel/gasoil net exports declined.
Indian refiner-Reliance-to buy Russian oil in roubles
India's Reliance Industries Ltd., operator of the world's biggest refining complex, has signed a 1-yr deal with Russia's Rosneft to buy at least 3 MMbbls of oil/month in roubles.
U.S. Gulf Coast imports of straight-run fuel oil at record as global supply jumps
Imports of straight-run fuel oil (SRFO) to the U.S Gulf Coast were set to climb to record levels this month as Mideast and African suppliers ramped up exports and U.S. refiners scrambled for heavy feedstocks.
Russia's Tuapse oil refinery resumes operations after attack
Rosneft's Black Sea oil refinery in Tuapse resumed operations on Sunday after a drone attack.
Iran to boost gasoline, diesel production as new units go online
Jalil Salari, Managing Director, National Iranian Oil Refining and Distribution Company (NIORDC), provided an update on the country's refining units going online this year, which will significantly boost domestic gasoline and diesel production.
India's fuel demand increases more than 6% y-o-y
According to the country's Petroleum Planning and Analysis Cell, India's fuel consumption rose by 6.1% year-on-year in April.
India receives fuel oil cargo in Russian SCF tanker after brief halt
A ship controlled by U.S.-sanctioned Russian shipping giant Sovcomflot discharged fuel oil at a western Indian port indicating a resumption in the use of SCF vessels to supply Moscow's key market after a brief halt.
Singapore fuel oil stockpiles hit 20-week lows
Singapore's onshore fuel oil stockpiles slipped to 20-week lows after net imports declined, data showed.
Singapore fuel oil stockpiles rebound to 8-week high on higher imports
Singapore's onshore fuel oil stockpiles rebounded to an eight-week high amid an increase in imports.
- China's Wanhua Chemical starts operation at new east China cracker 4/4
- Brookfield Infrastructure announces the acquisition of Colonial Enterprises for $9 B 4/4
- PBF restarts some units at Martinez refinery after February fire; fire-damaged units remain shut 4/4
- Japan to curb gasoline prices from June to cushion U.S. tariff blow 4/4
- Evonik presents innovative "Debonding on Demand" concept for more sustainable bonding 4/3
- Oil, gas and refined product imports exempted from Trump’s sweeping tariffs 4/3
