Asia/Pacific
Rosneft to ship record 40 MMt of oil to China in 2017
MOSCOW (Reuters) — Russia's top oil producer Rosneft plans to export a record 40 MMt of crude oil to China this year, Chief Executive Igor Sechin was quoted as saying on Sunday.
Saudi Aramco to add 1.9 MMbbl of crude oil to its Japan storage
TOKYO (Reuters) — Oil giant Saudi Aramco will on Wednesday add 1.9 MMbbl of crude to storage that it holds in Japan, a Japanese trade ministry official said on Monday.
Industry Metrics
US margins recorded solid gains as crack spreads for all products increased due to healthy domestic demand.
Business Trends: The state of the global refining sector
Over the past few years, the world has witnessed significant downstream capacity growth in all sectors of the hydrocarbon processing industry (HPI).
Industry Perspectives: Emerging trends in the global refining industry
<i>Hydrocarbon Processing</i>’s Construction Boxscore Database is tracking nearly 700 refining projects around the world.
Editorial Comment: Is the refining market oversupplied, or is the capacity needed?
Over the past two years, the editorial comment in our September issue has focused on the topic of overcapacity in the global refining sector.
China invests $9.1 B in Rosneft as Glencore, Qatar cut stakes
MOSCOW/BEIJING (Reuters) — Chinese conglomerate CEFC will buy a 14.16% stake in Russian oil major Rosneft for $9.1 B from a consortium of Glencore and the Qatar Investment Authority, strengthening the energy partnership between Moscow and Beijing.
Oil steady as Irma heads for Florida, Saudi Arabia cuts supply
LONDON (Reuters) — Oil prices steadied on Friday after almost a week of sharp rises as Hurricane Irma, one of the most powerful storms in a century, drove towards Florida after tearing through the Caribbean.
China's August crude oil imports hit 8-month low; independent refiners shut
BEIJING (Reuters) — China's crude oil imports rose 3.4% in August from the same month a year earlier but slid to their lowest monthly level since January, data showed on Friday, as some independent refiners closed for longer-than-expected maintenance amid a wave of government environmental inspections.
China's teapot plants form new club to beat rivals
BEIJING (Reuters) — A group of independent Chinese oil refiners is clubbing together to survive an onslaught by state-owned giants and the rise of private chemical giants, but industry analysts said the new alliance may find it hard to stick.
- Iran's Revolutionary Guards say they targeted petrochemical facilities in the Gulf 4/6
- Damietta Green Ammonia completes pre-FEED for $873-MM, 150,000-tpy green ammonia facility 4/6
- EIB and Eni sign €500-MM in financing for new biorefinery in Sannazzaro de’ Burgondi 4/6
- Petrobras delivers LPG sold at steep premiums despite Lula move to annul auction 4/3
- Plug Power to supply 275-MW GenEco electrolyzer system for Hy2gen’s Courant decarbonized ammonium nitrate project 4/3
- Vietnam refinery boosting jet fuel production 4/3
