Refining
Repsol plans to boost jet fuel output as Iran war disrupts global supply
The company expects to produce between 560,000 and 570,000 barrels of oil equivalent per day (boed) in 2026, which could increase, depending on improvement in Venezuela.
Venezuela's PDVSA controlling fire at Cardon refinery's cracker
Power outages and fires are frequent at PDVSA's deteriorated refineries, which typically work at a fraction of capacity.
Indian refiners' March crude processing slips 1.8% from a year earlier
India's Russian oil imports in March surged to a record 2.25 MMbpd, and are set to remain near record highs in April and May following a new U.S. waiver allowing countries to buy sanctioned Russian oil at sea for about a month, traders said last week.
Sinopec refinery utilization drops, but chemical exports rise due to Iran war
Sinopec, the world's biggest refiner by capacity, cut refinery utilization rates between January and March by 7.6% on an annualized basis to average at around 83%.
Nigeria's Dangote oil refinery running gasoline unit at 75% capacity
The gasoline unit not running at full capacity could spell trouble for the local market, as fuel prices have reached record-high levels and risen 65% at the pump from the impact of war in the Middle East.
- Phillips 66 greenlights new gas plant and fractionator projects, advancing integrated wellhead-to-market strategy 5/18
- Commonwealth LNG gets green light to start construction of $13-B, 9.5-MMtpy LNG terminal 5/15
- ARENA to drive Australia's $1.1-B Cleaner Fuels Program 5/15
- Japan’s first green ammonia plant based on KBR’s K-GreeN process now fully operational 5/15
- Repsol's Chairman asserts the role of refining as a strategic industry for Spain and for Europe 5/15
- Hazer and Continental Renewable Ventures sign MoU to explore low-carbon fuels projects in Australia 5/15

