Refining
Major Asian refiners sell 2026 diesel cargoes at higher premiums
Major Asian refiners have locked in term deals for diesel exports in 2026 at higher premiums to benchmark Singapore prices than this year, supported by firmer prices in November.
China refiner moves forward with expansion despite sanctions
A Chinese refinery operator whose main business was disrupted when it was sanctioned by Washington in May for buying Iranian oil is pressing ahead with a $3.6-B petrochemicals expansion project.
Air Products and Yara to partner on low-emission ammonia projects
World-leading hydrogen supplier and global industrial gases company Air Products and world-leading crop nutrition and ammonia company Yara International ASA are working to combine Air Products’ industrial gas capabilities and low-emission hydrogen with Yara’s ammonia production and distribution network.
Exxon, Aramco, Samref to explore major upgrade of Yanbu refinery
The companies intend to explore capital investments to upgrade and diversify production, including high-quality distillates that result in lower emissions and high-performance chemicals.
Russia and India sign deal to build urea plant in Russia
The joint venture will be based on the supply of ammonia from Russia's Togliattiazot plant, with the Indian companies financing the project until the plant begins commercial operations.
U.S. liquid fuels groups announce progress on E15, small refinery exemption reform
In a letter to President Donald Trump, the organizations urged policymakers to advance legislation in support of a stable, efficient fuels marketplace.
Chinese refiners buy oil from storage, raise output with fresh import quota
Stocks have built up in recent months after the refiners, known as teapots and mostly based in eastern Shandong province, ran out of import quota in October.
- Kumho Mitsui Chemicals to increase capacity of MDI production facilities 12/15
- ABS, Eneos, NYK Line and Seacor Holdings launch joint study to develop a methanol marine fuel supply network in the U.S. 12/15
- ENEOS accelerates AI-driven materials discovery of immersion cooling fluids and novel catalysts Using NVIDIA ALCHEMI 12/15
- SAMSUNG E&A wins FEED contract for nearly $5-B SAF plant in the U.S. 12/15
- KBR wins green ammonia project by IGNIS in Spain 12/15
- Phillips 66 announces $2.4-B capital budget for 2026 12/15
