Crude oil
BASF confirms final phase of MDI expansion at Geismar Verbund site
BASF is moving forward with the final phase of the expansion project for the methylene diphenyl diisocyanate (MDI) plant at its Verbund site in Geismar, Louisiana.
Iran boosts crude supply to Venezuela for refining, freeing up exportable oil
Iran is increasing supplies of a key crude grade that Venezuela is using to boost its aging refineries' productivity and free domestic oil for exports.
U.S. crude stockpiles dip, gasoline builds as demand slackens
U.S. crude oil stockpiles edged lower last week but gasoline inventories posted a larger-than-expected build on weakened demand, the Energy Information Administration said.
Technip Energies and National Petroleum Construction Company create joint venture to accelerate energy transition
The new joint venture NT ENERGIES LLC aims to support energy transition in the UAE, the broader Middle East region and North Africa by providing added value services in blue and green hydrogen and related decarbonization projects
Saudi minister sees lack of refining capacity in market, not lack of oil
Saudi Arabia's foreign minister said that he saw no shortage of oil in the market, but a lack of oil refining capacity, making it necessary to invest more in capacity to process crude oil into various oil products.
Gazprom tells Europe gas halt beyond its control
Gazprom has told customers in Europe it cannot guarantee gas supplies because of 'extraordinary' circumstances.
Dragos and Emerson announce partnership to bring OT cybersecurity to the industrial plant floor
Process industries such as oil & gas, chemical, food & beverage, pharmaceutical, pulp & paper, metals & mining, and dozens of others are rich targets for cyberattacks.
Karbala oil refinery to start production before year end
Production at Iraq's Karbala oil refinery south of Baghdad will begin by the end of the year.
The downstream rundown: In case you missed it 7/15
In case you missed any downstream news, here are the top stories from last week.
Oil settles lower ahead of potential large U.S. rate hike
Oil prices settled lower but pared nearly all losses after falling more than $4 earlier in the session as investors focused on the prospect of a large U.S. rate hike later this month that could stem inflation but at the same time hit oil demand.
- UPM unlocks new bio-based markets as Leuna biorefinery produces its first commercial product 12/19
- Stamicarbon awarded technology licensing contract for new urea plant in Eastern China 12/19
- Ford takes $19.5-B writedown on EV business 12/19
- Babcock & Wilcox awarded $40-MM contract for advanced wet gas scrubbing technology at Canadian petroleum refinery 12/19
- Aarti Industries secures methanol and toluene feedstock supply through multiple long-term contracts 12/19
- bp picks first outsider CEO Meg O'Neill after abrupt Auchincloss exit 12/19
