Crude oil
Germany's Schwedt refinery to get non-Russian oil via Gdansk in January
Germany has received confirmation that commercial crude oil deliveries for the PCK Schwedt refinery are expected in the Polish port of Gdansk in January, the economy ministry told Reuters.
Europe boosts Russian diesel buying ahead of ban set to rock market
European traders are rushing to fill tanks with Russian diesel as the clock runs down on a Feb. 5 European ban expected to tighten supplies, re-draw global shipping routes and increase price volatility.
Exxon prepares to start up $1.2 B Texas oil refinery expansion
Exxon Mobil Corp in coming days will sharply boost gasoline and diesel production at its Beaumont, Texas, refinery, people familiar with the matter said, completing a $1.2 B expansion first considered nine years ago.
China demand optimism sets oil on track for strong weekly gain
Oil prices rose on Friday and were on track to gain over 7% on the week due to solid signs of demand growth in top oil importer China and expectations of less aggressive interest rate rises in the United States.
Venezuela earmarks a third oil cargo to Chevron under U.S. license
Venezuelan state oil company PDVSA has assigned a third crude cargo to Chevron Corp under a U.S. authorization that restarted exports to the United States after a nearly four-year pause.
French refinery, metro strikes loom in clash over pension reform
France's CGT trade union called for strikes in the refinery sector against plans to make people work longer before they can retire and Paris metro unions said they would do "everything they can" to stop the pension reform.
Nghi Son refinery to shut for 55 days from August 25 for maintenance
Vietnam's largest refinery, Nghi Son, will be shut down for 55 days starting August 25 for major maintenance.
Crude oil prices forecast to decline beginning in the second half of 2023
In the EIA's January 2023 Short-Term Energy Outlook, it was forecast the Brent crude oil price (the global benchmark) will rise from an average $81 per barrel (b) in December 2022 to average $83/b in the first quarter of 2023.
PetroVietnam 2022 crude oil output flat at 10.84 MMt
PetroVietnam reported crude oil output of 10.84 MMt in 2022, flat from a year earlier and 24% above its official target, Vietnam's Ministry of Industry and Trade said.
API unveils plan to make, move and improve American energy
The American Petroleum Institute (API) President and CEO Mike Sommers today released a new report and outlined the policies needed to make, move and improve American energy and prioritize U.S. natural gas and oil.
- Studi Tecnologie Progetti S.p.A. signs agreement to upgrade Attock refinery in Pakistan for $600 MM 7/1
- Maire's NEXTCHEM awarded engineering contract for Pacifico Mexinol's $3.3-B, 2.1-MMtpy low-carbon methanol project 7/1
- Axens, IFPEN, and SMS group Launch Carboverseo™: Essential Technology for e-fuels deployment 7/1
- BASF closes purchase of DOMO Chemicals’ shares in Alsachimie JV 7/1
- deugro completes another equipment shipment for INEOS' Project One project in Belgium 7/1
- Shell renews contract with Cyberhawk, enabling a global visualization and data integration platform across its portfolio 7/1
