Refining
EIA: U.S. imports of major transportation fuels decreased in 2024
U.S. imports of petroleum products decreased by 210,000 bpd in 2024 to average 1.8 MMbpd. Imports of all major transportation fuels, such as motor gasoline, diesel and jet fuel, as well as other products, such as unfinished oils, decreased.
Afreximbank rolls out $3-B credit line to cut Africa's fuel imports
African Export-Import Bank has rolled out a $3-B revolving credit line that will enable African and Caribbean buyers to source petrol, diesel, jet fuel and other products from refineries on the continent more easily.
Crude processing ends at Scotland's Grangemouth oil refinery, redundancies start
Scotland's only oil refinery ceased crude oil processing as of Tuesday, as the site transitions to an import terminal.
Russia's idle oil refining capacity seen rising by 5.7% m/m in May
Russia's offline primary oil refining capacity is seen rising by 5.7% in May from April to 3.18 MM tonnes (t).
Venezuela restarts Amuay refinery's FCC after El Palito halts unit
Venezuela's state-run oil company PDVSA has restarted the fluid catalytic cracker unit (FCCU) at the country's largest refinery, the 645,000-bpd Amuay, expanding its capacity to produce motor fuels.
Sri Lanka to begin talks with India, UAE for new energy hub
Sri Lanka will start work next month on plans to develop an energy hub with India and the United Arab Emirates, as the nation looks to leverage its strategic location to cement a recovery from a financial crisis.
S-Oil posts refining, petrochemical losses; expects US tariffs to affect margins in Q2
South Korea's S-Oil, majority owned by Saudi Aramco, posted losses in the first quarter from its refining and petrochemical units and expects second-quarter margins to be impacted by U.S. tariff negotiations and market volatility.
China's Sinopec partners with Saudi Aramco's unit in $4-B JV
China's state-run Sinopec said on Monday it had signed an agreement with a unit of Saudi Aramco to establish a joint venture (JV) company with a registered capital of 28.80 B yuan ($3.95 B).
LAND enables expansion of advanced steam reformer temperature monitoring Spanish refinery
LAND®, a business of AMETEK Inc., and a global leader in industrial infrared temperature measurements, has facilitated the adoption of the optimal high-resolution thermal imaging solution for a Spanish refinery’s steam methane reformer furnace.
Amberjack Capital forms strategic partnership with Industrial Thermal Services
Amberjack Capital Partners, a private equity firm investing in critical infrastructure services, has announced its partnership with Industrial Thermal Services LLC (ITS), a premier provider of industrial heat treating and specialty services.
- Petrobras signs on with Baker Hughes for sweeping gas turbines service agreement 3/18
- TwinThread launches Perfect Batch, an AI-powered analytics solution to optimize batch production 3/18
- bp to block union workers from Whiting refinery 3/18
- Analysis: Licocene Terra, using renewable carbon in hot melt polymers for adhesive formulations 3/18
- Ionautics finds breakthrough in iridium-based porous catalyst layer technology for green hydrogen production 3/18
- Universal Fuel Technologies demonstrates fully drop-in synthetic aviation fuel using HEFA byproducts 3/18
