Refining
EIA: U.S. crude stocks, gasoline and distillate inventories rise
Crude inventories rose by 3.9 MMbbl to 424.6 MMbbl in the week ended September 5, the EIA said, compared with analysts' expectations in a poll for a draw of 1 MMbbl.
Ukrainian strikes on Russian oil facilities could be a boon for U.S. refiners
Ukrainian attacks have shut down facilities accounting for at least 17% of Russia's oil processing capacity, or 1.1 MMbpd.
Swift Fuels advances light gas (LG2F™) demonstration plant plans in Louisiana (U.S.)
Altalto awards Maire engineering study contract for 23,000-tpy sustainable aviation fuel plant
MAIRE announced that NEXTCHEM, through its subsidiary MyRechemical, has been awarded an engineering study contract by Altalto Ltd. based on its proprietary NX Circular gasification and NX CPO technologies for a SAF plant in Immingham, Lincolnshire, UK.
Iraq in talks with ExxonMobil on Asian refining capacities
Iraq's state oil company SOMO is in advanced talks with ExxonMobil over a possible agreement to secure storage capacity in Singapore using tanks owned by the U.S. oil major, as well as refinery capacity deals.
TotalEnergies sees Brent-Dubai crude price gap remaining negative, making sweet grades more attractive to Asian refiners
The price gap between Brent and Dubai crude is expected to remain negative due to strong demand for heavier Middle Eastern oil, despite increasing supplies from OPEC nations
Chevron seeks diversified approach to refinery investments
"There'll be places like Korea where we go investment heavy in petrochemicals and in heavy oil upgrading."
China oil demand to peak in 2027, up 100,000 bpd this year
China's total oil demand including all products is set to peak in 2027, with a rise of about 100,000 bpd this year driven by increased volumes from the petrochemicals sector, a state oil researcher said.
BAPCO expects to commission 400,000-bpd Sitra refinery in Q4
Bahrain's state oil firm Bapco Energies expects to commission its Sitra refinery expansion in the fourth quarter of this year, and will be looking to buy heavier crudes than it now runs and more LNG
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
- U.S. liquid fuels groups announce progress on E15, small refinery exemption reform 12/5
- Million Air and Avfuel bring SAF to Austin, Texas (U.S.) 12/5
- Chinese refiners buy oil from storage, raise output with fresh import quota 12/5
