Refining
Asian refiners turn to Middle East’s heavy crudes over Latin America
Latin American crude sold to Asia fell 1% in the first three months of 2016 from a year ago, while Middle East exports to Asia rose 7% in the first quarter, according to new data.
Strong oil demand from China’s teapot refiners drives tanker jam
China's independent refiners, freed of government constraints after securing permission to import just last year, have gorged on plentiful low-cost crude in 2016. This has created delays for tankers that have quadrupled to between 20 to 30 days at Qingdao port in Shandong province.
Fire erupts at ExxonMobil’s Baytown refinery
Exxon said the fire was later extinguished, no workers were injured and output would not be hurt at the 560,500-bpd oil refinery, the second-largest in the United States.
China grants refiners additional fuel export quota
Gasoil makes up the bulk, or 39%, of the total volumes approved in the second round of export quotas at 5.71 million tons, followed by gasoline at 5.58 million tons.
India overhauls crude-import policy to give state refiners more leeway
The new policy puts state-owned refiners on a par with private firms such as Reliance Industries and Essar Oil that are not bound by government rules and can earn hefty refining margins.
UK’s Coryton fuel terminal opens as glut grows
The terminal is due to be filled to its current capacity of 176,000 cubic meters with fuel, predominantly to serve the London region and southeast England, Thames Oilport said in a statement.
Keystone pipeline closure leads Phillips 66 to shut Illinois refinery units
Phillips' refinery in Wood River, Illinois, has shut down a 64,000-bpd sour crude unit and a 16,000-bpd coker due to the disruption in supply, two sources told Reuters.
Magellan, TransMontaigne mull new Texas refined products pipeline
The potential project would include construction of an approximately 150-mile, 16-inch diameter pipeline capable of transporting 150,000 bpd of gasoline, diesel fuel, propane and condensate from Magellan’s terminal in Corpus Christi, Texas, to TransMontaigne’s terminal in Brownsville, Texas.
US reports monthly decline in demand for gasoline, distillates
Total US oil demand dropped from a year earlier, as demand for gasoline and distillate products weakened, according to new data from the Energy Information Administration.
Myanmar approves construction of $3B refinery
The Myanmar Investment Committee granted the Chinese firm Guangdong Zhenrong Energy approval to build a 100,000-bpd refinery in the southeast coastal city of Dawei.
- Maersk to use SAF to decarbonize airfreight travel 11/29
- Foundation stone laid for 1.2-MMtpy blue ammonia plant in Qatar 11/29
- Mexican firefighters extinguish second fire in one week at Pemex refinery 11/29
- Australia's Ampol ends Lytton refinery repairs, provides output forecast 11/29
- Indonesia committed to introduce B40 biodiesel on Jan. 1 11/29
- Russian oil refinery runs in Nov. up 6% m/m 11/29
