Refining

Sanctions-hit Indian refiner Nayara in talks with govt to sustain operations

Russia-backed Indian refiner Nayara Energy is talking to government authorities and partners to maintain operational stability of its 400,000-bpd refinery and fuel supplies despite EU sanctions hurting the supply chain.

The API challenges Trump plan to cut biofuel import credits

The mounting criticism puts the White House in the position of having to side with either farmers looking to prioritize domestic supply, or refiners seeking cheaper feedstock.

A refresher on Russia's commodities clout ahead of Trump-Putin talks

Prior to its invasion of Ukraine in 2022, Russia was a leading exporter of crude oil, natural gas, coal, aluminum, nickel, steel, wheat and fertilizers - among other commodities - and the top supplier of energy products to Europe.

Digital Exclusive: Safety, stability and standards in the oil and gas industry

China's ethylene capacity to hit 100 million tons by end-2028

China will add 40 million metric tons of ethylene capacity between 2025 and 2028, taking total capacity for the key plastic industry building block to 100 million tons by the end of the period, a Sinopec executive said on Thursday.

Idemitsu restarts Yokkaichi's No. 3 CDU on Aug 11 after maintenance

Japanese oil refiner Idemitsu Kosan restarted the 155,000-bpd No.3 crude distillation unit at its Yokkaichi refinery in central Japan on August 11, following scheduled maintenance, a company spokesperson said.

Vietnam's Binh Son Refining and Petrochemical buys 1 MMbbls of oil from the U.S.

Vietnam's Binh Son Refining and Petrochemical has bought 1 MMbbls of U.S. West Texas Intermediate crude for November delivery, the country's first U.S. oil purchase in 2025.

U.S. crude oil and distillate inventories rise, gasoline stockpiles fall

U.S. crude inventories unexpectedly rose as imports increased, while gasoline stockpiles fell last week, the Energy Information Administration said.

Phillips 66's Bayway refinery's gasoline unit at reduced rates after fire

Phillips 66 has reduced gasoline output at its 258,000-bpd Bayway refinery in Linden, New Jersey after a fire near the plant's gasoline producing unit

Citgo Petroleum returned to profit in the second quarter

Venezuela-owned U.S. refiner Citgo Petroleum registered net income of $100 million in the second quarter vs. a $25 million loss in the same quarter last year, finishing the period with liquidity of $2.6 billion.