Refining
Brazil sees ethanol, diesel sales plunge from 2015; gasoline drops less
Diesel sales fell 6.6% in the two first months of the year versus similar period in 2015, reflecting reduced economic activity as Brazil faces its worst recession in decades.
Indian Oil raises fuel costs to reflect global prices
India's three state-controlled oil companies, IOC, Bharat Petroleum and Hindustan Petroleum, tend to adjust retail prices of fuels in concert.
Saudi Aramco, Shell plan to break up Motiva refining venture in US
Under the terms of a non-binding letter of intent, Saudi Aramco will take over the Port Arthur, Texas, refinery, the biggest in the US, retain 26 distribution terminals as well as the Motiva name.
Russia’s oil producers raise sales to Asian refiners
"Russian crude is really attractive to us due to its fast delivery time and also cheap prices," said a spokeswoman from SK Innovation, which owns South Korea's largest refiner.
Petrobras contracts Elliott on Brazil rotor storage
The contract, which was renewed for three years with an option to extend, covers a minimum of 80 spare turbine and compressor rotors for Petrobras refineries in Brazil.
Unipetrol shuts Litvinov refinery for planned work
The Litvinov operations in the Czech Republic were hit by a blast at the steam cracker unit last August, and the plant's refinery has been running at reduced capacity.
Rosneft looks to close Indian refinery deal by June
Sechin met Essar Oil officials during his visit and said that Rosneft hopes to conclude a deal to buy a 49% stake in the 400,000-bpd Vadinar refinery in western India by the end of June.
EIA: Gasoline, distillate stockpiles drop in US amid high demand for fuels
Gasoline demand over the past four weeks was up 6.4% from a year ago at 9.4 million bpd. Distillate stockpiles, which include diesel and heating oil, fell 1.1 million bbl, in line with expectations
US oil, gasoline prices slide amid supply concerns
US crude was off $1.21, or 3%, at $35.97/bbl. US gasoline futures, also known as RBOB, fell for a second straight day too, sliding 2% to $1.3970/gal.
UPS expands alternative fuels momentum with major CNG investment
The new program, to which UPS is adding $100 million in investment, will fund 12 CNG fueling stations and add 380 CNG heavy duty trucks to the package delivery company's fleet.
- India's Reliance gets one-month US concession to buy Rosneft oil 12/24
- SOCAR signs deal to buy Gama Enerji gas plant in Turkey for $225 MM 12/24
- Japan's Eneos leads bids for Chevron’s Singapore oil refinery stake 12/24
- Larsen & Toubro awarded EPCC contract for BPCL's polyethylene plant 12/24
- Maire's Nextchem to acquire technology licensor and engineering company Ballestra 12/24
- bp agrees to sell a 65% shareholding in Castrol to Stonepeak at an enterprise value of $10 billion 12/24
