Refining
IRPC extends abstracts deadline following strong industry interest
Hydrocarbon Processing has announced a two-week extension to the Call for Abstracts for the International Refining and Petrochemical Conference (IRPC) 2025, in response to strong industry interest. The new submission deadline is Monday, April 21, 2025.
BDI signs contract with Ghent Renewables for the construction of a new biofuel feedstock pre-treatment plant
In Austria, BDI-BioEnergy International has signed a contract with Ghent Renewables BV to begin the construction of a pioneering biofuel feedstock refinery plant. This facility will be unique in its approach, integrating advanced technologies for the refining of feedstock for sustainable fuels.
India not to raise petrol, diesel retail prices despite tax hike
India on Monday raised excise duty on petrol and diesel without passing on higher costs to consumers, a move that would boost the government's tax collection amid falling global oil prices.
China teapot oil refiners improve run rates but demand woes, sanctions weigh
Run rates for China's struggling independent oil refiners have nudged up recently, but still face near-term pressure over tepid domestic fuel demand and supply risks from U.S. sanctions and tariffs.
U.S. refiners' shares hit near 2-yr lows as Trump tariffs spur fuel demand fears
Shares of U.S. refiners fell to near 2-yr lows on Friday in the wake of U.S. President Trump's announcement of new tariffs, as fears of slower fuel demand and weakening refining margins rattled investors.
Update: India's fuel demand hits 10-month high in March
India's fuel demand in March hit a 10-month high, rising 9.3% from the previous month to 20.91 MM tonnes (t).
Oil and gas investor Afreximbank earmarks $3 B to support locally-refined products
The African Export–Import Bank (Afreximbank), a key investor in oil and gas projects, has earmarked $3 B to finance the purchase of refined products within Africa as part of broader plans to boost refining capacity.
PBF restarts some units at Martinez refinery after February fire; fire-damaged units remain shut
PBF Energy is restarting several refinery process units at the Martinez facility that were shut after a fire broke out in February. The process will take approximately two weeks
Japan to curb gasoline prices from June to cushion U.S. tariff blow
Japan's ruling coalition agreed to curb gasoline prices to help cushion households against wider economic pain stemming from U.S. tariffs
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.
- U.S. firms to develop Syria energy masterplan after Trump lifts sanctions 7/18
- Russian seaborne diesel exports for July 1–15 fall 6% month-on-month 7/18
- INEOS invests £30 MM to slash emissions at Hull site by 75% 7/18
- Mitsubishi Chemical Group invests in Licella Holdings, oil conversion technology using supercritical water 7/18
- BASF and Equinor sign 10-yr natural gas supply agreement 7/18
- Oil prices rise after new EU sanctions on Russia 7/18
