Refining
U.S. crude stockpiles build on ongoing refinery maintenance
U.S. crude oil inventories rose last week as refinery maintenance continued, while gasoline stockpiles posted a surprise draw.
Russia's Volgograd oil refinery partially recovers after drone attack
Russia's Volgograd oil refinery, which had halted operations following a Ukrainian drone attack on February 3, has partially resumed processing.
Some U.S. Gulf refiners paying premium prices for Trinidad's Molo crude
Some U.S. Gulf Coast refiners have recently paid prices over the Brent LCOc1 crude benchmark for Trinidad and Tobago's Molo heavy sour crude.
Trump administration approves SAF refinery loan
President Donald Trump’s energy department said on Tuesday it approved the disbursement of a loan guarantee that had been finalized days before he took office to Calumet for the expansion of a sustainable aviation fuel (SAF) refinery in Montana.
Wood confirms ADNOC Refining’s capability to produce lower carbon aviation fuel
Wood has confirmed ADNOC Refining’s capability to produce lower carbon aviation fuel, paving the way for its future alignment with International Civil Aviation Organization’s Carbon Offsetting and Reduction Scheme for International Aviation
China’s crude oil imports decreased from a record as refinery activity slowed
Slower oil demand growth in 2024 led to less crude oil processed by China’s refineries and fewer crude oil imports compared with the record high set in 2023. China, the world’s largest importer of crude oil, received 11.1 MMbpd in 2024, down from 11.3 MMbpd in 2023.
India gasoline demand to grow 6%–8% next fiscal year
Indian transportation fuel demand is expected to rise in the range of 6%–8% in fiscal year 2026, underpinned by rising vehicle sales, even as growth in Asian consumption lags growth in supply due to new refinery expansions in the region, industry executives and analysts said.
Elliott builds $2.5-B stake in Phillips 66, pushes for midstream business sale
Elliott Investment Management said on Tuesday it has built a stake of more than $2.5 B in U.S. refiner Phillips 66 and plans to push for operational changes and the sale of the company's midstream business.
India's HPCL plans to raise Vizag oil refinery capacity by as much as 20%
State-run Hindustan Petroleum (HPCL) plans to increase the capacity of its Vizag oil refinery in southern India by as much as 20% to meet growing local fuel demand.
Russia's Saratov oil refinery suspends operations after drone attacks
Rosneft-owned oil refinery in the southern Russian city of Saratov has suspended fuel production for safety reasons after Ukrainian drone attacks on Tuesday, industry sources said, expecting the plant to resume operations in a day or two.
- 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
