Middle East
Oil ticks higher as tight supply trumps macroeconomic gloom
Oil prices hovered above $90 a barrel, on track to end the week higher as investors chose to focus on tighter supply, despite broader macroeconomic uncertainty.
Online Exclusive: Advanced hydrocracking unit flow scheme optimization and integration approach to maximize refinery margins for a residue upgrading project
The integration of a solvent deasphalting (SDA) and hydrocracking upgrading complex provides a favorable techno-economic return for residue upgradation at relatively lower capital expenditures vs. other alternatives for a brownfield project.
Petrobras-Mubadala partnership may open door to refinery deal and biofuel partnership
Brazilian state-run oil firm Petrobras remains eager to repurchase a refinery from Abu Dhabi state investor Mubadala despite antitrust barriers, and a new biofuels partnership could open the door to future talks.
Bunker fuel market to convert to LNG in next 10 years
The global bunker fuel market is expected to convert substantially to LNG over the next 10 years.
Saudi Arabia extends voluntary oil output cut of 1 MM bpd to end in 2023
Saudi Arabia will extend its voluntary oil output cut of 1 million bpd for another three months until the end of December 2023.
Refineries’ pandemic turmoil—KNPC’s gasoline demand: Opportunities and challenges
The COVID-19 pandemic is regarded as one of the most exceedingly difficult challenges faced in the oil and gas industry's history.
Global Project Data
Gulf Energy Information’s Global Energy Infrastructure database is tracking more than 1,150 active projects in the hydrocarbon processing industry.
Oil driven higher by tight supply expectations
Oil prices jumped by more than 1% and were on track to snap a two-week losing streak, buoyed by expectations of tightening supplies.
Kuwait's Al Zour refinery offers first fuel oil tender since June
Kuwait's Al Zour refinery has issued a fuel oil sales tender for the first time in more than two months.
Sinopec not interested in acquiring Shell's Singapore assets
Asia's top refiner, Sinopec Corp, is not interested in acquiring Shell's refinery or petrochemical plant in Singapore although it is keen on participating in a shale gas project in Saudi Arabia.
- OXEA confirms final investment decision for major capacity expansion at plant 7/10
- TotalEnergies ships to Asia the first cargo produced by the ECA LNG plant 7/10
- ADNOC L&S expands LNG fleet with order for four new carriers 7/10
- India's ONGC plans to build 13-MMbbl national strategic oil reserve 7/10
- Russian refineries, oil terminal, tankers hit, Ukraine says 7/10
- Tajikistan says it has 60 days' fuel in reserve amid Russian supply crunch 7/10
