Refining
Nigeria secures $200MM from oil majors to help pay for fuel imports
Africa's top producer, which needs to import most of its fuel needs, suffers from hard currency shortages due to a slump in oil revenues. For weeks, motorists have been queuing at petrol stations.
Lyondell cuts Houston refinery output after fire
A large fire broke out Friday morning at LyondellBasell’s 263,776-bpd Houston refinery in Texas. It is the second major refinery fire in two days in the metro Houston area.
Nigeria’s fuel shortage lingers as NNPC eyes deals
Despite pumping 1.8 MMbpd of oil, Nigeria imports most of its fuel as its outdated refineries are often out of action. Analysts say fraud at a subsidized petrol scheme is also leading to the shortages.
TransCanada delays restart of Keystone oil line serving Illinois refinery
The outage of the Keystone oil pipeline from Canada has forced refiner Phillips 66 to cut run rates and shut units at its 306,000 bpd Wood River refinery in Illinois.
Asian refiners turn to Middle East’s heavy crudes over Latin America
Latin American crude sold to Asia fell 1% in the first three months of 2016 from a year ago, while Middle East exports to Asia rose 7% in the first quarter, according to new data.
Strong oil demand from China’s teapot refiners drives tanker jam
China's independent refiners, freed of government constraints after securing permission to import just last year, have gorged on plentiful low-cost crude in 2016. This has created delays for tankers that have quadrupled to between 20 to 30 days at Qingdao port in Shandong province.
Fire erupts at ExxonMobil’s Baytown refinery
Exxon said the fire was later extinguished, no workers were injured and output would not be hurt at the 560,500-bpd oil refinery, the second-largest in the United States.
China grants refiners additional fuel export quota
Gasoil makes up the bulk, or 39%, of the total volumes approved in the second round of export quotas at 5.71 million tons, followed by gasoline at 5.58 million tons.
India overhauls crude-import policy to give state refiners more leeway
The new policy puts state-owned refiners on a par with private firms such as Reliance Industries and Essar Oil that are not bound by government rules and can earn hefty refining margins.
UK’s Coryton fuel terminal opens as glut grows
The terminal is due to be filled to its current capacity of 176,000 cubic meters with fuel, predominantly to serve the London region and southeast England, Thames Oilport said in a statement.
- Kazakhstan to build a new $10-B, 10-MMtpy refinery 2/18
- U.S. EPA expected to send 2026 biofuel blending quotas to White House this week 2/18
- Kent awarded pre-FEED contract for Eq.flight, an advanced power-to-liquids SAF project 2/18
- ABB launches integrated carbon capture measurement solution to accelerate industrial decarbonization 2/18
- CONSER awarded technology licensing/PDP contract for DMS and BDO plant in China 2/18
- Singapore marine fuel sales maintain strong start in early 2026 2/18
