Refining
China May crude oil imports at 45.83 MMt, customs data shows
China's crude oil imports rose nearly 12% in May from a low base in the same month a year earlier, although refiners still battled high inventories with COVID-19 lockdowns and a slowing economy weighing on fuel demand.
Slovakia says hardest hit by Russia oil sanctions, expects solidarity
Slovakia said on Friday it would be hardest hit by European Union sanctions on Russian oil and it expected solidarity from Brussels to mitigate the impact.
Venezuela's oil exports plummet to lowest in 19 months on port delays
Venezuela's oil exports last month fell to the lowest level since October 2020 as repairs at the country's main oil port added to delays shipping cargoes.
U.S. EPA expected to release retroactive biofuel blending mandates for 2020-2022
The U.S. Environmental Protection Agency is expected to release on Friday retroactive mandates for the volume of biofuels oil refiners were required to blend into their fuel for the years 2020 through 2022.
Slovak refiner says sanctions plan will halt exports, threaten operations
Slovnaft, a unit of Hungary's MOL, said that planned sanctions on Russian oil would in their current form ban oil product exports after 8 months from Slovnaft to its key markets in central Europe such as the Czech Republic, Austria and Poland.
Advancing circular solutions with chemistry
Covestro will provide an overview of innovative technology approaches with which plastics from the product portfolio can be mechanically and chemically recycled.
The downstream rundown: In case you missed it
In case you missed any downstream news, this piece will give you a summary of some of the top stories from last week.
ExxonMobil, SABIC to proceed with project
ExxonMobil and SABIC announced the decision to proceed with the construction of a chemical facility and a 1.8 million metric ton ethane steam cracker.
ADNOC Refining awards design contract for new refinery in Ruwais
ADNOC Refining took a step closer to building the world’s largest integrated refining and petrochemicals complex, in Ruwais, by awarding a Pre-Front End Engineering and Designing contract for the new refinery in Ruwais.
India cuts fuel tax, refinery prices to ease pain of rising crude
India is cutting prices of petrol and diesel by 2.50 rupees ($0.03) a liter, Finance Minister Arun Jaitley said on Thursday, the government’s latest step to tackle the impact of a sharp rise in crude oil prices and a weak local currency.
- The Shipping Corporation of India and Mazagon Dock Shipbuilders sign contract for methanol dual fuel platform supply vessel 3/20
- Technip Energies invests in Verso Energy’s DEZiR eSAF project in Rouen 3/20
- Honeywell’s commercial launch of AI-powered control room assistant follows successful pilot 3/20
- Serbia secures U.S. sanctions waiver for its NIS oil firm 3/20
- Tanker carrying fuel originally bound for Cuba diverts to Trinidad 3/20
- Vietnam accelerates shift to ethanol fuel as Iran war drives up energy prices 3/20
