Refining
Turkey, Brazil are main buyers of Russian seaborne diesel after EU embargo
Turkey and Brazil have been the main importers of Russian seaborne diesel and gasoil since the European Union banned the import of Russian oil products.
Nextchem signs agreement with KazMunayGaz for SAF project in Kazakhstan
NEXTCHEM and KazMunayGas-Aero have signed an agreement to collaborate on advancing energy transition initiatives, leveraging on NEXTCHEM’s proprietary technology portfolio and process engineering capabilities.
Consortium to purchase CB&I from McDermott
A consortium led by Mason Capital Management announced that it has entered into a definitive agreement to acquire the CB&I storage solutions business from McDermott International, Ltd.
Shell's Q3 refining margins drop sharply
Shell's refining profit margins dropped by nearly 30% in the third quarter from the previous three months as global demand sagged, while oil product trading earnings also weakened.
Iraq's Kerbala refinery non-operational due to maintenance
Iraq's Kerbala refinery is under extensive maintenance and has been non-operational since Sept. 25, knocking out 150,000 bpd of processing capacity.
Eni may sell more stakes in renewable, biofuel units retaining majority
Italy's Eni will decide about additional stake sales in its renewable and biofuel units, its CEO said, keeping in mind that it wants to list them on the stock market and retain the majority of their capital.
U.S. distillate fuel oil demand will increase in the fall due to agricultural harvest
The U.S. Energy Information Administration (EIA) expects distillate fuel oil consumption to increase in the fall as diesel-powered agricultural equipment is used to harvest and transport crops.
Exxon's deal with unions at Port Jerome refinery to allow job-cutting plan to move ahead
Energy major ExxonMobil can move ahead with a plan to cut jobs at its Port Jerome refinery in northern France after obtaining a majority agreement this week with unions.
Singapore's middle distillates stocks snap three-week fall
Singapore's middle distillates inventories rebounded to a three-week high after falling for three consecutive weeks.
- Valero Energy Q4 profit beats estimates; shares surge 1/30
- Dow launches "Transform to Outperform" to raise the competitive industry benchmark for productivity and growth to enable improved returns 1/30
- Russian oil refineries' peak maintenance expected in January and September 1/30
- U.S. lifts some Venezuela sanctions to ease oil sales 1/30
- Keppel, Aster plan sustainable aviation fuel project in Singapore 1/30
- Boeing, Israel's Technion to develop sustainable aviation fuel, as sector grapples with 2050 goal 1/30
