Refining
Venezuela to leave diesel prices unchanged after historic gasoline hike
"I decided to leave diesel as it is, not to touch diesel so that there's no problems with cargo or public transport," President Nicolas Maduro said in a televised broadcast.
Asian refiners to cut back on naphtha imports
While the reduced volume has lifted spot prices, a weak gasoline market and cracker maintenance in North Asia in March are capping price gains, traders said.
Venezuela implements most significant gasoline price hike since 1989
The price hike, which translated to 1,329% for 91-octane-rated gasoline and 6,086% for 95-octane, still left fuel as one of the cheapest buys in the country.
Indian refiner Reliance to resume using Iranian oil
The Indian refining conglomerate, controlled by billionaire Mukesh Ambani, stopped Iranian oil imports in 2010 because it was worried about the threat of US sanctions.
Rising diesel demand in South Korea cuts exports, could enhance margins
Growing sales of diesel cars and increased use by the freight sector have stoked appetite for the fuel in the country, while subsidies to encourage diesel taxis may provide a further boost this year.
Venezuela to raise fuel prices amid economic crisis
The first fuel price hike in nearly 20 years will boost the cost of gasoline by at least 1,329%. But fuel is still so heavily subsidized that filling a small car will still not cost more than half the price of a soft drink.
US oil, gasoline inventories hit new record highs as refiners boost output
US refinery crude runs rose 338,000 bpd, the EIA data showed, as refinery utilization rates rose by 2.2 percentage points to 88.3% of total capacity.
Small diesel cars seen as vulnerable to European emissions test reforms
Industry officials estimate that 5% of planned diesel auto models might be withdrawn or changed during a first phase of implementation, and more later.
CHS starts up new coker at Kansas refinery
Construction of the coker unit at the CHS refinery at McPherson began in March 2013 and took nearly 2.8 million construction man hours to complete. The unit began operating on Feb. 5, 2016.
Japan embarks on wave of refining consolidation
With four of its five largest refinery companies set to merge, Japan could be left with only 3.2 million bpd of refining capacity by 2020 and as little as 2.3 million bpd by 2030.
- 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
