Refining
Phillips 66 reports emissions, plant repairs at Borger refinery in Texas
"The line going to Unit 34's SRU [sulfur recovery unit] incinerator is partially plugged with sulfur," Phillips 66 said in a filing to the Texas Commission on Environmental Quality. The company said that sections of that line will be heated in an effort to melt out the sulfur.
Petrobras confirms explosion at Texas refinery as worker suffers burns
The explosion caused extensive damage to a 35,000 bpd light cycle oil hydrotreater, also called a hydrogen desulfurization unit, which uses hydrogen to convert the oil into diesel and remove sulfur.
European refiners increasingly turn to light US oil
Many European refiners face the problem of not having run a US crude through their systems in living memory and, as such, are wary of doing so, even though the numbers might make economic sense.
Kuwait refines crude pricing strategy in battle for European customers
Large sales from Iraq's Kurdistan into Europe have added to the competition and now Kuwait -- a usually little-noticed seller in Europe -- is both increasing sales and making its crude more attractive.
Thai Oil starts up first linear alkyl benzene plant
The plant has production capacity of 100,000 tpy, and the Thai refiner plans to export half of the output to India and other Southeast Asian countries, the company's CFO said.
Low oil plays uneven role in global gasoline prices
All countries have access to the same oil prices on international markets, but retail gasoline prices vary wildly, largely because of the taxes and subsidies imposed on them.
Asia nears first gasoline shortage in over 15 years
A tightening gasoline market in Asia would coincide with an expected late 2016 to early 2017 puncture of a global crude glut, lending support to a recovery in oil prices.
Saudis raise crude prices for Asian refiners as demand strengthens
The Saudis have become more convinced that the demand gains in oil from Asian refiners are sustainable, giving them the confidence to start raising prices.
Rising US refinery runs lend support to oil prices
Analysts said that the minimal price movement on Thursday was due to bullish and bearish fundamentals offsetting each other.
Iran to raise oil exports in March amid more sales to European refiners
Litasco, the trading arm of Russia's Lukoil, Cepsa and Total have become the first buyers in Europe after the lifting of sanctions and lifted trial cargoes in February.
- Valmet to acquire Severn Group to strengthen Process Performance Solutions segment 12/22
- World’s first dynamic green ammonia plant starts operations in Denmark 12/22
- Baker Hughes to supply liquefaction equipment for Commonwealth LNG export project 12/22
- South Korea petrochemical firms on track to cut up to 3.7 MM tons of output 12/22
- MOL and JERA sign HoAs for the charter of ammonia carriers 12/22
- China's November fuel oil imports up 15% from October 12/22
