Refining
Record U.S. summer heat, hurricanes could roil fuel prices as oil refiners sweat
A double whammy of record heat and hurricanes should test U.S. refiners' resilience in coming weeks, raising the risk of extremely volatile fuel prices in the middle of the peak travel season.
Cepsa Química, Persán to transport their supplies using renewable diesel
Cepsa Química and the Persán group, a leading company of home care and personal care products, have signed an agreement so that the supply transportation of chemical products from Cepsa to the Sevillian company will be carried out using 100% renewable diesel.
Africa could compete in fuel exports, but massive investments are needed
Africa could become a refined fuel exporter, with at least two top-notch refineries due to come on stream within the next five years, but it must overcome its dire infrastructure and a funding crunch.
Shell to take up to $2-B writedown on Singapore and Rotterdam plants
Shell will take an impairment charge of up to $2 B after the sale of its Singapore refinery and pausing of construction of one of Europe's largest biofuel plants.
Peru, Ecuador to join efforts on security and oil integration
The presidents of Peru and Ecuador pledged to join efforts to fight transnational organized crime and also discussed new possibilities for oil processing.
China regulator launches country's first 'green' jet aviation fuel center
The Civil Aviation Authority of China launched the country's first technical center for sustainable aviation fuel (SAF) that focuses on standard setting and product research. The center is setting up test facilities for new products which added that China's total aviation fuel consumption is likely to exceed 50 MMtpy by 2030 and the use of SAF could reach 2.5 MMtpy.
U.S. awards contracts for 1 MMbbls of gasoline sale to five firms
The U.S. Department of Energy said that five companies including British oil giant bp and Swiss commodity trader Vitol have been awarded contracts for the sale of 1 MMbbls of gasoline from the U.S.-managed stockpile in northeastern states.
As Nigeria's gasoline debt hits $6 B, some traders back out
Nigeria's debt to gasoline suppliers has surpassed $6 billion - doubling since early April - as state oil firm NNPC struggles to cover the gap between fixed pump prices and international fuel costs.
Icahn-owned oil refiner CVR bidding in Citgo share auction
Oil refiner CVR Energy, controlled by billionaire investor Carl Icahn, has submitted a binding offer in an ongoing auction of shares in the parent of Venezuela-owned Citgo Petroleum.
EIA: U.S. crude stocks, gasoline and distillate inventories fall
U.S. crude stocks, gasoline and distillate inventories fell in the week ending June 28, the U.S. Energy Information Administration (EIA) said on Wednesday.
- ExxonMobil plans 1 Blbs/yr of advanced recycling by 2027 11/22
- Gauging the likely Trump effect on U.S. energy and power sectors 11/22
- Russia's Lukoil restoring cracker at NORSI refinery, gasoline output rising 11/22
- Nigeria's local currency crude sales fall short of target, Dangote refinery says 11/22
- U.S. October gasoline imports hit post-pandemic low on slump in European shipments 11/22
- Clean Hydrogen Works awards McDermott FEED contract for Ascension Clean Energy (ACE) project 11/21
