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Diesel

Damaged unit of Iran's South Pars refinery back operating

A damaged unit of the South Pars refinery's Phase 14, which was hit by Israel in its first strike on Iran's oil and gas sector, has returned to operation, the Iranian state-run agency Nour News reported

Vietnam says its refineries not yet affected by Middle East tensions

Refineries in Vietnam are not being affected by the tensions in the Middle East at the moment, the Ministry of Industry and Trade said.

EIA: U.S. crude and fuel inventories fall on higher demand

U.S. crude oil and fuel inventories fell last week as refining activity and demand rose, the Energy Information Administration (EIA) said on Wednesday.

Italy's Eni eyes new unit to manage oil refineries

Eni intends to set up a new company focused on several assets including oil refineries and fuels storage facilities in Italy

Indian refiners cancel palm oil orders for July-September as prices surge

Indian refiners cancelled orders for 65,000 metric tons of crude palm oil (CPO) scheduled for delivery from July to September following a sudden surge in benchmark Malaysian prices.

Petrobras signs $892 MM in contracts to complete RNEST Train 2 refinery expansion

Brazilian state-run oil firm Petrobras announced on Monday it signed contracts worth approximately 4.9 billion reais ($892.3 MM) for the completion of a new refining unit at its RNEST refinery.

China's May refinery throughput at 9-month low on plant overhauls (1)

China's crude oil throughput declined by 1.8% in May from a year earlier to the lowest level since August, official data showed on Monday, as maintenance at both state-owned and independent refineries curbed operations.

U.S. Senate bill would shrink tax credit for biofuels made from foreign feedstocks

U.S. Senate Republicans proposed a tax bill that would extend a clean fuel tax credit through 2031, but trim 20% of the value of the credit for biofuels made from feedstocks produced outside of the U.S.

Russia says it struck oil refinery that supplies Ukrainian army with fuel

Russian forces carried out an overnight strike on the Kremenchuk oil refinery that supplies fuel to Ukrainian forces in the Donbas region, Russia's defence ministry said on Sunday.

Algeria launches $7-B investment plan to expand hydrocarbon processing

Algeria has allocated a $7-B investment portfolio for major industrial projects aimed at increasing the conversion rate of hydrocarbons into higher value-added products from 32% to 50% in the next 5 yr.