U.S.
Amber Energy plans to hold on to Citgo refineries after takeover
A Delaware court last week approved Amber's $5.9-B bid for Citgo's parent PDV Holding and ordered the sale of PDV's shares, wrapping up an auction aimed at compensating creditors for debt defaults and expropriations in Venezuela.
Amber Energy approved as acquirer of CITGO by U.S. District Court for the District of Delaware
Amber Energy – led by Chief Executive Officer Gregory Goff – is committed to partnering with CITGO team members to build on its historic foundation and further strengthen CITGO as a leader in the refining, transportation and marketing of products vital to the U.S. economy.
Update: bp Olympic Pipeline begins restart process after completing repairs
The Olympic Pipeline moves refined petroleum products including gasoline, diesel and jet fuel from northern Washington to Oregon and consists of one 16-in. diameter pipeline and one 20-in. pipeline.
Update: bp's Olympic Pipeline shutdown hits airlines' fuel supply
The leak was first reported on November 11. bp restored one of the two pipelines east of Everett that had been shut to determine the source of some product discharge. The restored line was shut down again shortly afterward, halting refined product deliveries on the system.
Vietnam's Binh Son refinery steps up U.S. oil imports
Vietnam has been seeking to buy more U.S. goods to narrow a trade gap between the two countries since Trump threatened in April to impose tariffs on Vietnamese products.
Phillips 66 Aviation expands EPOS solutions for FBO
The company is introducing FBO Director, a new EPOS platform, and integrating Contract Fuel & Phillips 66® Aviation WingPoints® processing, providing FBOs with more flexibility and efficiency in managing their operations.
Update: bp crew excavates Olympic Pipeline, yet to find cause of leak
bp said on Friday its Olympic Pipeline crew excavated more than 100 ft (0.03 km) of pipeline following a leak earlier this month near Everett, Washington (U.S.), but have not yet identified the source of the leak.
India's Reliance stops importing Russian crude for refinery operations
The Indian conglomerate, which has a long-term deal to buy nearly 500,000 bpd of crude from Russian major Rosneft, had said it would abide by sanctions against Moscow while maintaining ties with current oil suppliers.
EIA: U.S. crude stocks fall on higher demand, fuel inventories rise
U.S. crude stocks fell as refining and export demand rose, while gasoline and distillate inventories rose last week.
Update: bp shuts down Olympic fuel pipeline after partially restoring system affected by leak
The company restored one of the two pipelines east of Everett, Washington (U.S.) on Monday that was shut to determine the source of some product discharge
- Phillips 66 greenlights new gas plant and fractionator projects, advancing integrated wellhead-to-market strategy 5/18
- OXEA and Air Liquide renew syngas and hydrogen supply agreement for Oberhausen site 5/18
- U.S. oil refiners finally profit from biofuels due to mandates, high fuel prices 5/18
- China's April oil throughput hits lowest since August 2022, inventories rise 5/18
- Vietnam receives first cargo of Congo Djeno crude for Nghi Son refinery 5/18
- Mexico's Pemex says brief fire at Olmeca refinery controlled, operations normal 5/18
