Refining
EIA: US crude oil stocks build for seventh straight week
NEW YORK (Reuters) -- US crude oil stockpiles rose last week for a seventh straight week but less than forecast, while gasoline inventories fell far more than expected as refineries cut output, the Energy Information Administration said on Thursday.
Tallgrass Energy pipeline to build connection to Holly Frontier refinery
LEAWOOD, Kan. -- Tallgrass Energy Partners, LP announced that Pony Express Pipeline has reached an agreement with Holly Frontier Corporation and its affiliates to build facilities to connect Holly Frontier’s refinery complex in El Dorado, Kansas to the Pony Express Pipeline.
Philadelphia Energy Solutions taps its COO to lead company
NEW YORK (Reuters) -- Philadelphia Energy Solutions has tapped chief operating officer Gregory Gatta as its next chief executive officer, the refining company said on Wednesday.
Vietnam's new Nghi Son refinery expects to get first crude oil in May
HANOI (Reuters) -- Vietnam's new $7.5 billion Nghi Son oil refinery expects to take delivery of its first crude oil in May and to have its first products by the third quarter of the year, the company said on Thursday.
Saudi Aramco in lead to buy OMV's Turkish unit Petrol Ofisi
KHOBAR, Saudi Arabia/LONDON (Reuters) -- Oil giant Saudi Aramco is believed to be the front-runner to buy Turkish fuel stations business Petrol Ofisi from Austrian oil group OMV, sources familiar with the matter said.
Refiner HollyFrontier reports smaller-than-expected loss
(Reuters) -- US refiner HollyFrontier Corp reported a smaller-than-expected loss as cost cuts partially offset a decline in refining margins.
Indian Oil makes rare offer of jet fuel for March export
NEW DELHI/SINGAPORE (Reuters) -- Indian Oil Corp may regularly export jet fuel from its 300,000 bpd Paradip refinery as the country's kerosene demand eases with the government's push to use of cooking gas.
Indian refiners process 1.5% less oil in January
(Reuters) -- Indian refiners processed 21.11 MMt, or 4.99 MMbpd, of crude oil in January, a decline of around 1.5% compared with the same period last year, as many state refiners shut units for maintenance, preliminary government data showed on Wednesday.
Malaysia's Petronas, Saudi Aramco may sign new deal on refinery project
KUALA LUMPUR (Reuters) -- Malaysia's state oil firm Petroliam Nasional Bhd (Petronas) and Saudi Aramco are expected to sign an agreement to collaborate in the country's Refinery and Petrochemical Integrated Development (RAPID) project, two industry sources said on Wednesday.
Vopak, Reatile announce terminal expansion in South Africa
Royal Vopak and its partner Reatile announce that the investment decision has been taken to further expand their activities in South Africa. In line with previous expansions this investment aims to enhance Vopak's infrastructure to help meet South Africa's increasing demand for petroleum products.
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