Diesel
EIA: U.S. crude stocks fell last week as exports jumped
U.S. crude and distillate inventories fell in the week ending December 13 as exports surged, while gasoline stockpiles rose.
Neste introduces co-processed renewable Neste RE feedstock for the polymers and chemicals industry
By co-processing renewable raw materials such as used cooking oil together with fossil crude oil in its conventional oil refinery in Porvoo, Finland, Neste is able to produce a complementary type of Neste RE, a drop-in feedstock for the production of plastics and chemicals.
Phillips 66 outlines nearly $3-B capital program for 2025
Phillips 66 announced a 2025 capital budget of $2.1 billion, including $998 million for sustaining capital and $1.1 billion for growth capital.
Gazprom Neft plans to boost refined fuels output in 2025
Gazprom Neft plans to increase investment in major projects in 2025, and expects to increase oil refining and output of light oil products, the company's head, Alexander Dyukov said.
China’s refined oil consumption peaked in 2023, CNPC says
China's refined oil consumption peaked in 2023 at 399 MM tonnes (t) (7.98 MMbpd) and is expected to fall 1.3% to 394 MMt in 2024, the CNPC Economics & Technology Research Institute said on Friday
Neste supplies renewable diesel to BMW for initial fueling
Neste and BMW have announced a collaboration for the supply of renewable diesel. BMW will purchase Neste MY Renewable Diesel™ and use the fuel for the initial fill of diesel vehicles leaving their manufacturing plants in Germany.
Samsung E&A awarded $955-MM contract for 650,000-tpy biofuels plant in Malaysia
SAMSUNG E&A announced that it secured the EPCC contract for a 650,000-tpy biorefinery that will have the capability to produce sustainable aviation fuel and other biofuels such as renewable diesel/hydrogenated vegetable oil. This biorefinery will be located within PETRONAS’ Pengerang Integrated Complex, Johor, Malaysia.
Neste supplies renewable diesel to BMW for initial fueling of the company’s newly-produced vehicles in Germany
BMW is sourcing Neste MY Renewable Diesel™ for the initial fueling of new passenger cars produced at BMW plants in Germany. BMW also recently expanded its approval of the use of renewable diesel (also known as HVO100) across a large portion of BMW models.
EIA: U.S. crude stocks fall, fuel inventories rise on robust refining
U.S. crude inventories fell for the third time in a row, while fuel stockpiles rose in the week ending December 6, the U.S. Energy Information Administration (EIA) said, as refinery activity remained seasonally strong.
Global diesel prices to rely on refinery closures for support in 2025
The global diesel market will likely find price support in 2025 from the closure of about 1% of refining capacity, traders and analysts said, offsetting current weakness and structural downward pressure as the world shifts to cleaner fuels.
- Borouge, Borealis, CFF and PMS join forces to study polyolefin recycling ecosystem in Indonesia 2/10
- bp's Gelsenkirchen refinery attracts buyer's interest from Klesch 2/10
- Fire at Baiji refinery contained, Iraq's Somo says 2/10
- Hengli Petrochemical sets up Dubai trading subsidiary in expansion 2/10
- Canadian airlines suspend Cuba flights as island set to run out of jet fuel 2/10
- Idemitsu Kosan plans maintenance at Keihin refinery in April 2/10
