Refining
Marathon Petroleum's profit beats as volume boost offsets weak refining margins
Marathon Petroleum beat second-quarter profit estimates, as higher volume of crude processing and a strong midstream segment helped offset low refining margins, sending the shares of the top U.S. refiner up 4.9% before the bell on Tuesday.
Saudi's small crude price hike for Asia shows bigger concerns
Asia's beleaguered oil refiners have received welcome relief on two fronts as crude prices slide and top supplier Saudi Arabia offered some relief.
Mexico's new oil refinery to cover 20% of fuel needs in weeks, president says
Production at a new refinery owned and operated by Mexico's state-run oil company Pemex will meet a fifth of the country's motor fuel needs within two weeks, President Andres Manuel Lopez Obrador said on Monday.
NextChem to conduct a feasibility study for a 60,000-tpy SAF plant in Indonesia
NextChem (Sustainable Technology Solutions) has been awarded a feasibility study, along with PT Tripatra Engineers and Constructors, for a 60,000-tpy sustainable aviation fuel project located in Sei Mangkei, Indonesia.
Flint Hills Resources to build solar farm to help power Corpus Christi refinery operations
Flint Hills Resources has announced it will be building its second company-owned solar installation to help power its U.S. refinery operations.
Japan's gasoline imports seen rising through August as refinery outages cut output
Japan's gasoline imports are expected to stay elevated through August after rising 20% in June as outages at its refineries are reducing output during peak summer demand season.
Head of Hungary's MOL sees no reason to wean off Russian oil
The head of Hungarian oil and gas giant MOL has said he sees no advantage in Hungary weaning itself off Russian oil supplies, and dismissed warnings of fuel shortages in the country as “politics.”
Verbio launches ethanol production at its biorefinery plant in Iowa (U.S.)
Verbio has commenced the commercial production of corn-based ethanol at its biorefinery facility in Nevada, Iowa.
NextChem to provide NX CPO technology to SAF pilot plant in Italy
NextChem will provide the license and the proprietary equipment related to its NX CPOTM technology to Saras’ SAF pilot facility in Sarroch (Sardinia).
China's newest refiner Yulong stocks up on Russian oil ahead of startup
China's newest mega refiner Shandong Yulong Petrochemical has stepped up purchases of Russian crude oil cargoes for September arrival ahead of a planned test operation of its new plant.
- ExxonMobil plans 1 Blbs/yr of advanced recycling by 2027 11/22
- Gauging the likely Trump effect on U.S. energy and power sectors 11/22
- Russia's Lukoil restoring cracker at NORSI refinery, gasoline output rising 11/22
- Nigeria's local currency crude sales fall short of target, Dangote refinery says 11/22
- U.S. October gasoline imports hit post-pandemic low on slump in European shipments 11/22
- Clean Hydrogen Works awards McDermott FEED contract for Ascension Clean Energy (ACE) project 11/21
