Management

Kuwait Petroleum's stake investment in China Wanhua Chemical's unit valued at $638 MM

Kuwait Petroleum subsidiary's acquisition of a 25% stake in China Wanhua Chemical's petrochemical business is valued at $638 MM

Dow Chemical delays construction on multi-billion-dollar Path2Zero project in Fort Saskatchewan, Alberta, Canada

After a reported Q1 loss, Dow Chemical plans to launch an action plan to further reduce spending and deliver $6 B in cash support. The plan includes delaying construction on the company's multi-billion-dollar Path2Zero project in Alberta, Canada.

Indian Oil plans to operate Gujarat refinery at higher capacity from mid-2026

Indian Oil Corp. plans to operate its Gujarat refinery in western India at an expanded capacity of 360,000 bpd by mid-2026, executive director Biplob Biswas said.

Valero Energy reports first-quarter loss on lower margins, impairment charges

Valero Energy reported a first-quarter loss compared with a year-ago profit, weighed down by lower refining margins and around $1 billion in impairment charges related to its West Coast assets.

TotalEnergies to boost SAF and hydrogen production at Antwerp

China-U.S. trade war redrawing global LPG trading, outlook

The global liquefied petroleum gas (LPG) market is facing an upheaval as high tariffs on U.S. imports force Chinese buyers to swap American cargoes for alternatives from the Middle East, while U.S. shipments divert to Europe and elsewhere in Asia.

Valero Mexico suspended from the country's import registry for motor fuels

Valero Mexico said that it was notified by the country's tax authority that it had been "momentarily" suspended from the registry of importers for motor fuels but that it was cooperating with an investigation.

Phillips 66 sets the record straight on Gregory J. Goff’s relationship with Elliott Management

Phillips 66 responded to a letter released by Gregory J. Goff to Phillips 66 Shareholders.

Indian Oil Corp to build $7.1-B dual-feed cracker in Odisha state

Indian Oil Corp will build a $7.1-B, 1.5-MMtpy dual-feed naphtha cracker near its Paradip refinery in Eastern Odisha state,

bp halts plans to make clean jet fuel at Spain plant

bp has decided to halt plans to produce clean jet fuel at its Castellon oil refinery in Spain. The decision to pause the biofuel investment was driven by weaker-than-anticipated growth in the market.