Management

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.

HP People

MFG Chemical promotes Jeff Kramer to Technical Director—Water Additives

Oil, gas and refined product imports exempted from Trump’s sweeping tariffs

The exemption will come as a relief to the U.S. oil industry, which had expressed concerns that new levies could disrupt flows and raise costs on everything from Canadian crude oil serving Midwest refineries to European cargoes of gasoline and diesel to the eastern seaboard.

Shell completes Singapore refinery sale to Chandra Asri-Glencore JV

Shell has completed the sale of its Singapore refinery and refining assets to a Chandra Asri-Glencore JV, and trade sources said the new owners had already started purchasing feedstock.