Crude oil
Sinopec's 3Q earnings fall 52.1% on lower oil prices, refining margins
Chinese refiner Sinopec posted a 52.1% year-on-year decline in net profit to 8.54 B yuan ($1.2 B) for the third quarter because of lower oil prices and weak refining margins.
India's BPCL says Russia oil intake share falls to 34% in September quarter
Indian refiner Bharat Petroleum Corp's use of Russian oil fell to 34% of the total intake for crude processing in the July–September quarter due to a maintenance shutdown of units at its Bina and Kochi refineries.
Oil exports from Russia's western ports to fall 13% in Nov. as refinery maintenance ends
Russia's crude oil exports from its three main western ports will drop by 13% in November from the previous month to 1.95 MMbpd (or some 8 MM tonnes) as refinery maintenance season is over.
U.S. crude, gasoline inventories rise, distillates draw down
U.S. crude oil and gasoline inventories rose while distillate inventories fell last week, the U.S. Energy Information Administration (EIA) said on Wednesday.
Four new petroleum liquids pipelines have been completed in the U.S. since 2023
Since 2023, pipeline companies have completed four new petroleum liquids pipeline projects in the U.S.—three crude oil pipeline projects and one hydrocarbon gas liquids (HGL) project—according to the U.S. Energy Information Administration’s (EIA’s) recently updated Liquids Pipeline Projects Database.
As U.S. Permian crude turns lighter, it risks losing favor with refiners
Companies drilling for the crude that turned the U.S. into the world's top oil producer face an unexpected dilemma: their West Texas Midland crude is getting lighter, which could make it less appealing to some refiners.
China's surplus crude oil hits nearly 1 MMbpd for September
The weak position of China's crude oil sector was underlined by September data showing a sixth consecutive monthly drop in refinery processing, leading to nearly 1 MMbpd of oil being available for storage.
Shell says no impact to operations after oil leak in Bukom, Singapore
Shell said on Monday there was no impact to operations after an oil leak over the weekend from a land-based pipeline at Shell Energy and Chemicals Park Singapore on Bukom island, adding that the leak had been stopped.
China, Saudi Arabia top buyers of Russian fuel oil in September
China and Saudi Arabia were the top destinations for Russian seaborne fuel oil and vacuum gasoil (VGO) exports in September.
Nigerian fuel traders turn to imports to augment Dangote Refinery supply
Nigerian fuel traders are ramping up petrol imports to augment supply from the Dangote Refinery following worsening fuel queues.
- Vioneo awards Lummus polypropylene contract for world's first industrial scale fossil-free plastics from green methanol facility 8/19
- Research: Developing an energy-saving, carbon-capturing method for making ethylene glycol 8/19
- Emerson announced the release of its new Rosemount 3144S temperature transmitter 8/19
- Chinese refiners sweep up Russian oil after Indian demand falls 8/19
- Indonesia plans quick-to-build oil refineries for U.S. crude 8/19
- Russia's ultra low-sulfur diesel exports from Primorsk scheduled to rise in August 8/19
