Refining
Indian refiners cut spot tenders as Russian oil shipments rebound
Indian refiners will issue fewer tenders for crude oil purchases on the spot market in the coming months, as Russian supplies bounce back from sanctions-related disruptions.
China's Sinopec to prioritize risk control in Russian oil purchases
Top Chinese refining major Sinopec Corp. will prioritize "risk control" in purchasing Russian oil, which has similar quality for its value versus competing global supplies.
Planned turnaround ongoing at Phillips 66's Wood River refinery
Phillips 66's 356,500-bpd Wood River refinery is undergoing a turnaround, research company IIR Energy said.
HIMA’s Smart Safety Test supports BASF new Verbund Site in Zhanjiang
BASF’s largest new construction project in China, the Zhanjiang Verbund Site Project (ZVSP), requires high personnel and time expenditures for tests, especially factory acceptance tests (FATs), integration factory acceptance test (IFATs) and loop tests. To reduce these efforts, BASF has opted for the HIMA Smart Safety Test, an integral part of SILworX®, HIMA’s engineering, diagnostics and test tool that enables a flexible, automated test concept over the entire lifecycle of a safety system.
JFE Steel, Mitsubishi Gas Chemical, Mitsubishi Chemical to develop a carbon recycling supply chain at Mizushima Complex
JFE Steel Corp., Mitsubishi Gas Chemical Co. Inc. and Mitsubishi Chemical Corp. have signed a memorandum of understanding (MoU) concerning a demonstration project at the Mizushima Complex (Kurashiki City, Okayama Prefecture).
U.S. slaps Iran-related sanctions on oil tankers, China 'teapot' refinery
The U.S. on Thursday issued new sanctions intended to hit Iran's oil exports, including what the State Department said were the first U.S. measures targeting a Chinese "teapot refinery" processing the crude.
Regulations needed to spur airlines to use SAF, Japan oil refiners group head says
Japanese oil refiners believe concrete regulations and frameworks are needed to encourage airlines to use sustainable aviation fuel (SAF) and develop supply chains to support decarbonization efforts, the head of the industry lobby group said on Friday.
Russia replaces UAE as the top naphtha supplier to India in 2024–25
Russia has surpassed the United Arab Emirates (UAE) as India's top naphtha supplier in the year to March 2025, as refiners capitalize on discounted cargoes, preliminary ship-tracking data showed, a trend buyers expect to persist for another year.
Asia's sour crude demand to rebound on completed regional refinery maintenance and upgrades
Asia's sour crude demand is set to rebound from late Q2 as refiners return from maintenance and ExxonMobil completes a Singapore refinery upgrade that is poised to increase its heavy oil use
ExxonMobil challenges Colonial Pipeline on proposed changes to fuel shipping terms
ExxonMobil asked regulators to block changes proposed by Colonial Pipeline to its fuel shipping terms, citing potential harm to shippers and consumers, a filing with the U.S. Federal Energy Regulatory Commission (FERC) showed.
- 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
