Refining
HF Sinclair posts bigger-than-expected loss as refining margins shrink
U.S. refiner HF Sinclair on Thursday posted a bigger-than-expected loss for the fourth quarter, becoming the latest energy company to take a hit from weak refining margins and rising global capacity.
U.S. oil, biofuel groups unite to urge new Trump EPA to boost biofuel mandates
U.S. oil and biofuel groups banded together this week to urge the new Trump administration to increase volumes of renewable fuels that must be blended into the nation's fuel mix in 2026 and beyond.
Russia's Syzran oil refinery suspends operations following drone attack
Syzran oil refinery, operated by Russia's oil giant Rosneft, suspended oil processing on Wednesday due to a fire at the primary unit (CDU-6) following an attack by a Ukrainian drone.
Bangchak signs SAF supply deal with Shell
Bangchak Corporation Public Company Limited announced that they have entered into a sustainable aviation fuel (SAF) supply agreement with Singapore-based Shell International Eastern Trading Company. The agreement stipulates the offtake of ISCC EU/CORSIA certified SAF to be delivered to Shell.
Baseblue launches new bunker fuel supply service in Trinidad
Baseblue has launched a new bunker fuel supply service at Point Lisas Port, Trinidad. The service will provide vessels with reliable and efficient fuel options, eliminating logistical challenges and enhancing operational efficiency.
Preem partners with Imubit for closed-loop AI optimization at Lysekil refinery
Imubit, a global leader in closed-loop artificial intelligence optimization (AIO), and Preem, Sweden’s largest fuel company, have formed a partnership aimed at accelerating Preem’s sustainability journey through Imubit’s closed-loop AIO technology.
Xodus appointed to one of Japan’s first large-scale CCS projects
Global energy consultancy Xodus has secured a landmark contract to support the development of an advanced carbon capture and storage (CCS) hub in Japan.
China refiners buy more Brazilian, W. African crude as sanctions, tariffs disrupt supply
Chinese refiners have stepped up purchases of Brazilian and West African crude as they reorganize sourcing around sanctions and tariff disruptions, and after prices of Middle Eastern grades surged.
Brazil's Petrobras to raise diesel output by 120,000 bpd this year
Brazilian state-run oil firm Petrobras expects to boost diesel output by some 120,000 bpd this year as it expands low-sulfur diesel production in some of its refineries.
Update: Russia says drone attack cut oil via Kazakhstan Caspian pipeline by up to 40%
Russia said oil flows through the Caspian Pipeline Consortium (CPC), a major route for supplying Kazakhstan and exporting to the global market, were reduced by 30%–40% on Tuesday after a Ukrainian drone attack on a pumping station.
- 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
