Refining
Saudi Aramco looks to expand Asian downstream investments: CEO
Nasser said the Saudi oil giant is looking to expand its downstream investments in China, Malaysia, India, Vietnam and Indonesia. He was speaking at the China Development Forum in Beijing.
Nigeria turns to crude swaps to ease domestic gasoline shortages
While the country is Africa's biggest oil producer, it is almost entirely reliant on imports for oil products, especially gasoline, after successive governments allowed its refineries to fall into disrepair.
India’s thirst for gasoline drives global oil demand
With other parts of the global economy struggling, continued growth in gasoline consumption in India has become one of the most important indicators for global oil prices.
Crude sets new 2016 highs as US expects strong summer fuels demand
"We are leaving the period of low demand and starting to move toward the period when demand increases over the summer," said Olivier Jakob, oil market analyst at Petromatrix in Switzerland.
Brazil sees ethanol, diesel sales plunge from 2015; gasoline drops less
Diesel sales fell 6.6% in the two first months of the year versus similar period in 2015, reflecting reduced economic activity as Brazil faces its worst recession in decades.
Indian Oil raises fuel costs to reflect global prices
India's three state-controlled oil companies, IOC, Bharat Petroleum and Hindustan Petroleum, tend to adjust retail prices of fuels in concert.
Saudi Aramco, Shell plan to break up Motiva refining venture in US
Under the terms of a non-binding letter of intent, Saudi Aramco will take over the Port Arthur, Texas, refinery, the biggest in the US, retain 26 distribution terminals as well as the Motiva name.
Russia’s oil producers raise sales to Asian refiners
"Russian crude is really attractive to us due to its fast delivery time and also cheap prices," said a spokeswoman from SK Innovation, which owns South Korea's largest refiner.
Petrobras contracts Elliott on Brazil rotor storage
The contract, which was renewed for three years with an option to extend, covers a minimum of 80 spare turbine and compressor rotors for Petrobras refineries in Brazil.
Unipetrol shuts Litvinov refinery for planned work
The Litvinov operations in the Czech Republic were hit by a blast at the steam cracker unit last August, and the plant's refinery has been running at reduced capacity.
- Maersk to use SAF to decarbonize airfreight travel 11/29
- Foundation stone laid for 1.2-MMtpy blue ammonia plant in Qatar 11/29
- Traders using STS transfers near Senegal to export Russian naphtha to Brazil 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
