Refining
Petroecuador halts Esmeraldas refinery on quake
Petroecuador said it would assess when to restart operations during the day after verifying that no infrastructure was damaged by the 7.8 magnitude quake which struck off the country's Pacific coast.
Kuwait lowers crude, refining production as workers strike
Kuwait reduced its crude oil output and refining production as part of an emergency plan to help the OPEC member deal with the largest oil and gas workers' strike in years.
China calls for talks after Costa Rica abandons $1.5B refinery project
The refinery upgrading project has been paralyzed since 2013 by Costa Rica's comptroller after complaints of conflicts of interest in the feasibility studies.
Nigeria’s NNPC fights for more crude cargoes to exchange for gasoline
The dispute has delayed some of the country's monthly oil export programs and added to confusion over just how much crude Nigeria has at its disposal to exchange for gasoline.
European refining margins weakened in Q1: Total
Total said that its average refining margins in Europe had fallen to $35.1/ton in the first quarter of 2016, down from $38.1/ton in the fourth quarter of 2015.
Saudi Aramco, Sinopec’s Yasref refining venture secures $4.7B loan
Yasref, which operates a 400,000-bpd refinery next to the Red Sea, began working at full capacity last July. In December, bankers told Reuters that Yasref was seeking the loan to replace some cash which Aramco had invested to build it, so that Aramco could use the money elsewhere.
ExxonMobil exports first cargo of offshore US oil to Rotterdam refinery
The vessel carrying offshore oil from the US Gulf of Mexico departed from Gramercy, Louisiana, in early April and is expected to arrive in Rotterdam on April 19, according to the data.
Cheap oil is blunting drive for fuel efficiency
Now that the costs of transport fuel have dropped sharply and appear set to remain low for several years, the focus will shift from efficiency to speed, power and convenience.
IEA warns of crumbling global diesel demand
"Global gasoil demand crumbles," the Western energy watchdog said in its benchmark monthly report. Gasoil includes several different grades of fuel, but diesel is the most important.
China’s crude import growth slows as refining inventories swell
Independent refineries in China have been ramping up their crude processing rates and boosting fuel sales as low global oil prices provide higher margins.
- U.S. labor board judge rules Exxon's Texas refinery union lockout was legal 11/28
- U.S. crude stocks fall, gasoline and distillate inventories rise 11/28
- Maersk could use 15%–20% alternative fuels for its fleet in 2030 11/28
- Germany's BSW pushes to restore Russian oil to Schwedt refinery, seeks regional legitimacy 11/28
- Asia likely to benefit from cheaper Canadian, Mexican oil if Trump imposes tariffs 11/28
- Singapore distillates stocks tick up for fifth week 11/28
