Crude oil
Inatech's Techoil implemented by Flint Hills Resources for a modern, integrated future
Flint Hills Resources has implemented Inatech's Techoil SaaS system to transform its crude trade and supply work processes.
Discounts deepen on Iranian oil in China as struggling teapots slow buying
Sellers of Iranian oil to China are offering deeper discounts this month as they look to reduce inventories and as independent refiners slow their buying due to a jump in crude prices.
Turkey's Russian Urals crude imports to hit 1-yr high in June
Turkey's imports of Russia's Urals crude are set to rise in June to their highest level since May 2024 on healthy refinery margins and seasonal demand for motor fuels.
Oil tanker market signals more Middle East energy disruption ahead
While global energy markets are not yet pricing in worst-case scenarios for the Israel-Iran war, oil tanker rates are providing a good real-time gauge of the escalating risks.
Alder Process Technology uses APS to produce low-carbon marine fuels
Alder Process Technology has provided recent progress on its efforts to accelerate decarbonization of the marine fuel sector using Alder Pyrolytic Sugars (APS). APS is created using our proprietary biocrude oil fractionation technology, which converts fast pyrolysis oil derived from sustainably sourced biomass into two products: the pyrolytic sugar fraction, resulting in APS, and the pyrolytic lignin fraction, resulting in Alder Renewable Crude (ARC).
EIA: U.S. crude inventories fall by most in a year, fuel stocks build
U.S. crude oil stockpiles fell sharply last week, posting their largest decline in a year, while gasoline and distillate inventories rose.
Amid regional conflict, the Strait of Hormuz remains critical oil chokepoint
The Strait of Hormuz, located between Oman and Iran, connects the Persian Gulf with the Gulf of Oman and the Arabian Sea. The strait is deep enough and wide enough to handle the world's largest crude oil tankers, and it is one of the world's most important oil chokepoints.
Aster Chemicals to increase Singapore refining capacity after acquiring splitter stake
Aster Chemicals and Energy intends to increase its crude processing capacity at its refining site in Singapore to more than 300,000 bpd, after buying a stake of more than 50% in a condensate splitter unit.
EIA: U.S. crude stocks fall, gasoline and distillate inventories rise as refining activity increases
U.S. crude stocks fell last week as refining activity picked up, driving gasoline and distillate inventories higher.
The U.S. produced more energy in 2024 than ever before
In 2024, the U.S. produced a record amount of energy, according to data in the U.S. Energy Information Administration’s (EIA’s) Monthly Energy Review. U.S. total energy production was more than 103 quadrillion British thermal units in 2024, a 1% increase from the previous record set in 2023. Several energy sources—natural gas, crude oil, natural gas plant liquids, biofuels, solar and wind—each set domestic production records last year.
- SIBUR develops new polyethylene grade for FMCG packaging 8/13
- L&T Energy GreenTech partners with Japan’s ITOCHU for 300,000-tpy green ammonia project 8/13
- VINCI wins major contract for innovative biofuels plant in Spain 8/13
- Orlen Unipetrol to shut ethylene unit at Litvinov plant for several days 8/13
- Dangote Refinery cuts fuel price before planned sales to local Nigerian market 8/13
- Chevron Phillips Chemical completes low-viscosity PAO expansion in Belgium 8/12
