Refining
US refiners bet on strong exports to balance market
NEW YORK (Reuters) -- US refiners have come out of maintenance season betting that big exports to Mexico and South America will help alleviate high product inventories and boost margins as the critical summer driving season nears.
Judge says Exxon owes $19.95 MM for Texas refinery pollution
(Reuters) -- A federal judge ruled on Wednesday that ExxonMobil Corp should pay a $19.95 MM penalty for pollution from its Baytown, Texas, refining and chemical plant complex between 2005 and 2013.
Honeywell awarded equipment contract for Dangote’s largest single-train refinery
DES PLAINES, Ill. – UOP LLC, a division of Honeywell International Inc. announced that it has won a contract from Dangote Oil Refinery Company Ltd. for critical equipment, technology licensing and design services for a world-scale integrated refinery and petrochemical plant. When completed, the integrated complex in Lekki, near the capital of Lagos in Nigeria, will be the largest single-train refinery in the world.
Uzbekistan starts construction of $2.2-B oil refinery
TASHKENT (Reuters) -- Uzbekistan started construction of a $2.2 B refinery on Thursday, which will use oil imported from Russia and Kazakhstan, state news agency UzA reported.
Maiden Bakken oil cargo to Asia ships out, with more to come
NEW YORK (Reuters) -- The first ever reported export of North Dakota's crude oil to Asia left port last month, according to a shipping document seen by Reuters on Wednesday, in what is expected to be the first of numerous cargoes once the key Dakota Access pipeline starts moving oil in May.
China sets deadline for refiners to apply for oil import permits
BEIJING (Reuters) -- China's top state planner will stop accepting new applications from oil refiners to use imported crude oil from May 5, it said on Thursday, amid growing concerns about domestic refining overcapacity that has led to record exports of fuel.
Marathon Petroleum posts surprise profit as pipeline unit delivers
(Reuters) -- Marathon Petroleum Corp reported a surprise quarterly profit on Thursday as the refiner earned more from its pipelines and storages business.
US crude inventories fall, products build as refining jumps
(Reuters) -- US crude oil inventories fell sharply and stockpiles of gasoline and distillates jumped last week as refineries hiked production rates to the highest since November 2015, the Energy Information Administration said on Wednesday.
Europe lures rare diesel cargoes from US East Coast
LONDON/NEW YORK (Reuters) -- US East Coast refineries are stepping up exports of diesel despite a regional deficit of the fuel as strong overseas demand, particularly in Europe, is proving more profitable.
Oil dips on doubts over OPEC's ability to reduce inventories
LONDON (Reuters) -- Oil eased on Tuesday, paring earlier gains, as doubts about OPEC's ability to reduce global crude inventories put the price on track for its six fall in seven days.
- Southern Energy Renewables and Axens Sign MoU to advance SAF projects in Louisiana and beyond 4/8
- One of the largest heat pumps in the world has reached BASF's Ludwigshafen site 4/8
- LANXESS introduces surcharge for Lewatit ion exchange resins 4/8
- India raises HPCL Rajasthan Refinery project cost to $8.6 B 4/8
- Iranian Oil Refining Co. confirms attack on Lavan refinery 4/8
- Slovakia ending diesel fuel export ban, other measures still in place 4/8
