Economics
As US crude wobbles near $40, new oil rally in doubt
Oversupply, refining cutbacks and a breakdown in the oil/dollar trade may spell an end to this year's rally.
Refiner HollyFrontier doesn't see output cuts despite weak margins
HollyFrontier does not expect to cut production of refined products, contrasting comments made by its rivals.
Concerns grow over Idemitsu family’s attempt to block Showa Shell acquisition
Shares in both companies decline on fears that acquisition plans may be blocked.
Column: Why is oil market rebalancing taking so long?
Rebalancing the oil market is proving a long and frustrating process.
Oil edges up after slide, but glut still weighs
Oil edged higher Wednesday after hitting its lowest since April the previous day, supported by an industry report showing a fall in US inventories and a weaker dollar.
Irving Oil confirms agreement in place to acquire Whitegate refinery in Ireland
Irving Oil reached an agreement with Phillips 66 to acquire its Whitegate refinery located near Cork, Ireland.
Idemitsu family, in fight with management, buys Showa Shell shares to block acquisition
The founding family of Japan's Idemitsu Kosan Co. bought a stake in Showa Shell Sekiyu KK, in a bid to block Idemitsu management's billion-dollar plan to take over the rival oil refiner.
Delta's refinery sacrifices profits for lower fuel cost
Delta Air Lines Inc. is flooding the New York market with jet fuel from its refinery, sacrificing refining profits in order to lower the carrier’s fuel costs.
Refiners and small fuel retailers disadvantaged by EPA biofuels program
US regulators should alter a much-debated biofuels program that disadvantages refiners and small fuel retailers.
Italian refiner Saras starts repaying Iranian oil debt
Italian oil refiner Saras has paid back part of the debt it owes Iran for cargoes of crude oil taken before sanctions were imposed on the country in 2012.
- SIBUR produces test batch of first hexane plant in Russia 8/28
- Universal Fuel Technologies’ SAF accepted into ASTM Clearinghouse for qualification 8/28
- Honeywell technology to fuel Syzygy Plasmonics' SAF project 8/28
- Sinopec wins engineering contract for Saudi Arabian green hydrogen/ammonia project 8/28
- Russia's idle oil refining capacity record high after Ukrainian drone attacks 8/28
- Brazil approves temporary antidumping measures against Canadian, U.S. polyethylene resins 8/28
