Economics
OPEC output curbs could be undone by China slowing crude storage
The sharp drop in China's crude oil imports in October can be ascribed to a combination of factors, but one of them should be a red flag to OPEC, threatening the success of any deal to curb production.
US refinery margins rise in all five regions
Refining margins rose in all five US regional petroleum districts in the week ended November 4, according to Credit Suisse.
Genoil signs $50-B letter of intent to develop integrated oil project in Russia
Genoil Inc. has signed a $50-B letter of intent to develop oil fields and construct clean technology upgraders, refineries and pipelines in Russia.
NARL Refining to layoff up to 130 workers at Canadian refinery
NARL Refining notified employees Wednesday of plans to shed up to 130 jobs at its Come By Chance refinery in Newfoundland, Canada.
Sinopec in $4-B petrochemical JV with Taiwan firm
A subsidiary of top Asian refiner Sinopec Corp. has officially launched a 50-50 JV with a Taiwanese company to build a petrochemical complex in southeast coastal Fujian province.
Canadian Court of Appeal halts ExxonMobil acquisition of InterOil
In its decision, the Court of Appeal for Yukon overturned a ruling by the Yukon Supreme Court last month that had approved the proposed plan of arrangement by ExxonMobil Corp. to acquire all of the shares of InterOil.
EU investigation into $130-B Dow, DuPont deal resumes
Dow Chemical and DuPont have provided key data allowing EU antitrust regulators to resume scrutiny of their $130-B merger.
Brazil's Petrobras to cut diesel, gasoline prices as oil falls
State-controlled Petróleo Brasileiro SA said it plans to cut diesel and gasoline prices at the refinery point, following a decline in oil prices.
China company signs MOU with BP to supply crude to Isla refinery
Commodity trader Guangdong Zhenrong Energy Co. has signed a memorandum of understanding (MOU) with BP for commercial cooperation on an oil refinery in the Caribbean.
Kuwait Petroleum to invest in Oman Oil’s Duqm refinery
Oman Oil Company and Kuwait Petroleum Corp. have signed a memorandum of understanding (MOU) to cooperate in the development of Duqm Refinery and Petrochemical Complex in the Duqm Special Economic Zone in Oman’s Al Wusta Governorate.
- Evonik inaugurates its 100,000-tpy alkoxides plant in Singapore 8/27
- Borouge collaborates with Yokogawa on autonomous AI control room 8/27
- Vietnam to make switch to ethanol-blended fuel in move to boost U.S. imports 8/27
- Sherwin-Williams launches single-coat high-performance Acrolon 680 for industrial and marine assets 8/27
- Trump tariffs force much-needed petrochemicals contraction 8/27
- First of five pyrolysis reactors delivered to the tire recycling plant in Uddevalla 8/27
