Valero kicks off U.S. refiners earnings season with bumper profit

Refiner Valero Energy Corp reported a bumper third-quarter profit that zoomed past Wall Street estimates on Tuesday, as margins were boosted by demand for fuel and refined products.

Potential US refined oil product export ban would challenge already constrained global markets and refining systems

A proposed US refined product export ban would save US consumers at the gasoline pump but pose significant challenges and costs to US and global refining systems, according to a recent analysis from Wood Mackenzie.

Deutsche Bank sets 2030 targets to cut emissions tied to loans

By 2050, the bank said so-called financed emissions tied to the oil and gas sector, including Scope 3 emissions from the use of gasoline and other refined products by end-users, would be reduced by 90%.

ADNOC invites banks to pitch for IPO of logistics unit

State oil firm Abu Dhabi National Oil Company (ADNOC) has invited banks to pitch for roles in an initial public offering of its marine services and logistics unit.

Exxon selling Montana oil refinery to Par Pacific for $310 MM

ExxonMobil Corp agreed to sell its Billings, Montana, refinery and related pipeline properties to Par Pacific Holdings Inc for $310 MM.

Vietnam refinery boosts production amid concern on fuel import costs

Vietnam's Binh Son refinery has ramped up its production to meet domestic fuel demand and was operating at 109% of its designed capacity, the government said on Thursday.

Chinese refiners ZPC, ChemChina win additional 2022 crude oil import quotas

Chinese private mega-refiner Zhejiang Petrochemical Corp (ZPC) has been awarded a 10 MMt additional crude oil import quota for 2022.

Strike ends at one of TotalEnergies's French refineries

Workers voted to end a strike at TotalEnergies' Donges refinery on Wednesday, bolstering the government's hopes the supply situation at petrol stations around the country will rapidly improve.

Indonesia and Rosneft partner for $24 B Java oil refinery

Rosneft will parnter with Indonesia to contribute $24 B on a greenfield refinery in East Java province, according to Global Construction Review.

ExxonMobil says French refineries could take 2-3 weeks to fully restart

ExxonMobil's 140,000 bpd fos-Sur-Mer and 240,000 bpd Port Jerome-Gravenchon oil refineries in France could take 2-3 weeks to fully restart after shutdowns caused by strikes.