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Texas Energy Museum Serves as Piece of History, Educational Resource
(Tuesday, March 28, 2017) Beaumont, Texas is home to a museum that tells the history of Texas oil.
Sinopec Overhauls Fuel Buying Policy in New Blow to Teapots
(Tuesday, March 28, 2017) Asia's top refiner Sinopec Corp said on Tuesday that it will begin buying gasoline and diesel fuel from third parties through its central office in Beijing, a move that puts further limits on China's independent oil refiners.
Syncrude Brings Forward Maintenance at Oil Sands Plant After Fire
(Monday, March 27, 2017) Syncrude Canada has brought forward an eight-week turnaround at its oil sands plant in northern Alberta after a fire two weeks ago damaged the facility and forced a cut in crude production, majority-owner Suncor Energy said on Monday.
Taiwan's CPC to Start Trial Runs at New Refining Units in May
(Monday, March 27, 2017) State-run Taiwanese refiner CPC Corp said on Monday it plans to start trial runs at new refining units located in the south of the country in May, delayed from earlier this year.
Asia Refiners Snap Up Cheap Light Oil to Reap Higher Fuel Profits
(Monday, March 27, 2017) As the cost of light crude drops, some refiners in Asia are snapping up cargoes of the oil that is easier and cheaper to process than their usual diet of heavy crude, chasing profits from making diesel and gasoline.
Taiwan Increases Iraqi Kurdish KBT Crude Imports after OPEC Cuts
(Monday, March 27, 2017) Taiwan is increasing oil imports from northern Iraq as local refiners take advantage of an open arbitrage to buy high-sulphur crude that can replace supplies cut by OPEC.
India's Top Refiner to Supply Fuels to Nepal for Five Years
(Monday, March 27, 2017) Indian Oil Corp has agreed to supply refined products to Nepal for the next five years to meet all the fuel needs of the landlocked Himalayan nation, officials said on Monday.
Oman: Could Cut Crude Exports by 15% from June for Sohar Refinery-Sources
(Friday, March 24, 2017) A cut would likely affect China most, as the world's second-largest oil consumer buys close to 90 percent of Oman's exports.
U.S. Oil Refiners Push for Biofuels Overhaul at White House
(Friday, March 24, 2017) U.S. oil refining executives met with a senior official in President Donald Trump's administration at the White House last week to argue their position for an overhaul of the nation's biofuels program, two people in the meeting told Reuters.
Thai Oil Buys First Crude Cargoes from Oman, U.S. - Sources
(Friday, March 24, 2017) Thailand's largest oil refiner Thai Oil has bought its first ever cargoes of U.S. Eagle Ford crude and Oman crude as its diversifies purchases amid OPEC production cuts, two sources with knowledge of the matter said on Friday.
Shell Reluctant to Part with California Refinery Amid Asset Sale
(Thursday, March 23, 2017) Royal Dutch Shell is in talks with several potential buyers for its refinery outside of San Francisco, but the Anglo-Dutch oil giant is reluctant to part with its last asset in California, three people familiar with the process say.
Venezuelan Drivers Line Up for Gasoline as Fuel Shortage Worsens
(Thursday, March 23, 2017) As PDVSA's crumbling refineries fail to meet domestic demand, imports have become a financial burden because the country buys fuel abroad at market prices only to sell it for pennies per gallon at home.
Liquidation of Moroccan Refinery Samir Extended - Administrator
(Thursday, March 23, 2017) A Moroccan court has granted an extra month for the liquidation process for Samir, the country's only oil refinery, a court-appointed trustee said on Thursday.
China Feb Gasoline Exports Jump to 2nd-highest on Record, Imports Plunge
(Thursday, March 23, 2017) China's gasoline exports in February climbed to their second-highest monthly level on record as refiners increasingly turn to exports to Asian markets to drain a domestic supply glut that almost wiped out imports altogether.
China's Sinopec Buys First Major African Refinery in Chevron Deal
(Wednesday, March 22, 2017) China's Sinopec said on Wednesday it has agreed to pay almost $1 billion for a 75 percent stake in Chevron Corp's South African assets and its subsidiary in Botswana, securing its first major refinery on the continent.
Analyst Sees Possible Crest for US Gasoline Demand Growth Wave
(Wednesday, March 22, 2017) U.S. gasoline demand could fall by more than 1.7 million barrels per day by 2030, according to Wood Mackenzie analyst Andrew Shepard.
Saudi Arabia Spends Money to Make Money in Foreign Investment Drive
(Wednesday, March 22, 2017) Most of the big deals were in refining and petrochemicals, not the new industries Riyadh hopes to develop.
PDVSA Said to Replace Refining Managers as Shakeup Deepens
(Tuesday, March 21, 2017) Officials at the company's press office and energy ministry declined to comment.
Russia Hydrocracker Unit Project Goes to CB&I
(Monday, March 20, 2017) CB&I has won an approximately $460 million contract in conjunction with NefteGazIndustriya, LLC's expansion of its Afipsky Oil Refinery in Krasnodar, Russia, CB&I announced Monday.
Saudi King's Asia Tour Trumpets Aramco's Moves Downstream
(Monday, March 20, 2017) Saudi King Salman's lavish tour of Asia, arriving in each country on a golden escalator with 400 tonnes of luggage, had a hardnosed marketing mission.