Economics
Vietnam says Saudi Aramco wants to invest in oil refining, petrol distribution
Oil giant Saudi Aramco wants to invest in the oil refinery sector and petroleum distribution in Vietnam, the Southeast Asian country's government said in a statement issued late on Tuesday.
Phillips 66 refineries to run between low to mid 90% range capacity in Q4 2024
U.S. crude oil refiner Phillips 66 plans to operate its refineries in the low to mid-90% range of combined capacity of 1.5 MMbpd in the fourth quarter.
Sumitomo Chemical begins study to optimize operations at Keiyo Ethylene
Sumitomo Chemical has made a proposal to Maruzen Petrochemical Co., Ltd., its JV partner in Keiyo Ethylene Co., to reduce offtake quotas for Sumitomo Chemical products at Keiyo Ethylene.
Refiner Phillips 66 reports 3Q profit beat on midstream, chemicals strength
Phillips 66 beat quarterly profit estimates on Tuesday as strength in its chemicals and midstream segments helped the refiner more than offset a slump in refining margins from lackluster fuel demand.
Canada's renewable diesel projects hit by U.S. import surge
Canadian renewable fuel producers are facing lower returns on new facilities due to a slump in British Columbia's low carbon fuel standard (LCFS) credit market, a trend expected to persist amid a flood of exports from the United States.
PetroChina set to shut top north China refinery in 2025
PetroChina is set to shut its largest domestic oil refinery around mid-2025, the country's first major closure at a state-run plant and part of a long-mooted project to replace it with a smaller facility at a new site.
Sinopec's 3Q earnings fall 52.1% on lower oil prices, refining margins
Chinese refiner Sinopec posted a 52.1% year-on-year decline in net profit to 8.54 B yuan ($1.2 B) for the third quarter because of lower oil prices and weak refining margins.
India's BPCL says Russia oil intake share falls to 34% in September quarter
Indian refiner Bharat Petroleum Corp's use of Russian oil fell to 34% of the total intake for crude processing in the July–September quarter due to a maintenance shutdown of units at its Bina and Kochi refineries.
Valero CEO says 'all options are on the table' for two California refineries
U.S. crude oil refiner Valero Energy Corp said it is considering a range of options that could include selling its two California refineries due to growing regulatory pressure in the state.
BASF invests in increasing production capacity of Neopor® at Ludwigshafen site
BASF is strengthening its styrene value chain at its Ludwigshafen site by expanding the production capacity of Neopor® by 50,000 tpy. This increase is aimed at meeting the growing market demand for the grey insulation material. The start-up of the new production facilities is scheduled for early 2027.
- Chiyoda, AVEVA forge strategic partnership to power plantOS with AVEVA CONNECT 6/27
- SABIC announces closure of Olefins 6 facility in Teesside, UK 6/27
- LyondellBasell's polyolefin technologies selected by SHCCIG Yulin for petrochemicals complex in China 6/27
- Damaged unit of Iran's South Pars refinery back operating 6/27
- hte conducts research for JGC to advance decarbonization by identifying suitable catalysts for ammonia cracking 6/26
- TES and CPC Finland to develop 500-MW e-NG project in Finland 6/26
