Refining
Venezuela oil exports rise sharply in January under U.S. control
Venezuelan oil exports rose to some 800,000 bpd in January, from 498,000 bpd in December, after the U.S. capture of Nicolas Maduro and the ending of an oil blockade which has let traders carry most exports, shipping data showed.
Refiner Phillips 66 can process 250,000 bpd of Venezuelan crude
The price for Venezuelan crude does have to be competitive, and Venezuelan crude may displace some other sources of heavy crude including Western Canadian Select.
Record January fuel oil exports from Kuwait's al-Zour refinery weigh on Asian market
The surge in supply from Kuwait, a major fuel oil exporter, will boost availability in bunkering hubs such as Singapore and weigh on prices in Asia.
Trinidad and Tobago in talks with Indian Oil to revive refinery
The refinery, located in the south of the country, was closed in 2018 by a previous government that blamed massive losses and debt for its closure.
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Construction Boxscore: Project Spotlight
Project:
Long Son Petrochemicals Complex
Location:
Long Son, Vietnam
Operator:
Siam Cement Group
Cost:
$5.4 B
Capacity:
1.65 MMtpy
Completion date:
2023
Status:
Under Construction
