Refining
U.S. fuelmakers to report lower 3Q profits on weaker margins, fuel demand
U.S. oil refiners' third quarter profits are expected to fall from last year on weakening margins as fuel demand softened and new refining capacity came online.
ProSep to deliver its Multiphase Adjustable Xtreme test units to Polish refiner
For the contract, ProSep will deliver one of its Multiphase Adjustable Xtreme (MAX+) Mixer's test units to a refinery in central Poland.
Australia fuel supplier Viva Energy's retail and refining challenges continue to hurt
Viva's downbeat update comes a few days after bigger rival Ampol, the only other domestic fuel supplier in the country, warned of similar challenges facing the refining sector and flagged a hit of A$100 MM in its earnings.
eschbach launches Shiftconnector Smart Solutions for AI-driven knowledge harvesting
Global software developer eschbach, the provider of the Shiftconnector® enterprise manufacturing platform for the process industry, has launched its Shiftconnector® Smart Solutions.
As U.S. Permian crude turns lighter, it risks losing favor with refiners
Companies drilling for the crude that turned the U.S. into the world's top oil producer face an unexpected dilemma: their West Texas Midland crude is getting lighter, which could make it less appealing to some refiners.
China's surplus crude oil hits nearly 1 MMbpd for September
The weak position of China's crude oil sector was underlined by September data showing a sixth consecutive monthly drop in refinery processing, leading to nearly 1 MMbpd of oil being available for storage.
Phillips 66 hit with $604.9-MM U.S. verdict in fuel trade-secrets case
Energy company Phillips 66 owes biofuel maker Propel Fuels $604.9 MM in damages for stealing Propel's trade secrets to build up its renewable-fuel capabilities.
U.S. capacity to produce biofuels increased 7% in 2023
Capacity to produce biofuels increased 7% in the U.S. during 2023, reaching 24 Bgal/yr at the start of 2024, led by a 44% increase in a category the U.S. Energy Information Administration (EIA) calls “renewable diesel and other biofuels.”
Russia's idle oil refining capacity to fall by 15% in later half of October
Russia's offline primary oil refining capacity is seen declining by around 15% in the later half of October from the first 15 days of the month.
Nigerian fuel traders turn to imports to augment Dangote Refinery supply
Nigerian fuel traders are ramping up petrol imports to augment supply from the Dangote Refinery following worsening fuel queues.
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