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ADNOC Shuts Half Capacity at Ruwais Refinery After Fire -Sources
(Monday, January 16, 2017) Abu Dhabi National Oil Company (ADNOC) has shut half the capacity at its 800,000 barrels-per-day Ruwais refinery after a fire there last week, three industry sources familiar with the matter said on Monday.
Russia's Tuapse Oil Refinery Resumes Production After Fire
(Friday, January 13, 2017) Russia's Tuapse oil refinery, which is owned by Rosneft and suffered a fire on Wednesday, has resumed production in full, including vacuum gasoil output, a Rosneft representative told Reuters on Friday.
Anger as Mexicans Fear Higher Food Prices to Follow Gasoline Hike
(Friday, January 13, 2017) Mexicans who already feel the pinch from a gasoline price hike share economists fears it will now drive up the cost of food and other basics, adding to the unpopularity of the government ahead of elections this year and next.
SNC-Lavalin Wins Contract Extension from Saudi Aramco
(Thursday, January 12, 2017) Projects will include onshore oil and gas production and processing facilities, building and infrastructure projects, as well as refining and petrochemical facilities.
Accident Kills Worker at Pemex Refinery, Output Not Affected
(Thursday, January 12, 2017) An accident at the Ciudad Madero refinery of Mexican state-owned oil firm Pemex killed one worker on Thursday, but the incident will not affect production, a company spokesperson said.
U.S. East Coast Refiners Binge on Algerian Crude
(Thursday, January 12, 2017) U.S. East Coast refiners are in the midst of their biggest buying spree of Algerian crude in years as they take advantage of cheap oil spilling out of the region, traders said on Thursday.
China's Oil Refining Capacity Will Rise 4.6 Pct in 2017- CNPC Research
(Thursday, January 12, 2017) China's total refining capacity will increase 4.6 percent to 790 million tonnes in 2017 and net crude oil imports will rise 5.3 percent to 396 million tonnes, state-owned China National Petroleum Corp. (CNPC) forecast on Thursday.
Biggest Indian Refiner Hunts for Oil Assets as Demand Surges
(Wednesday, January 11, 2017) India's biggest fuel retailer is seeking to buy oil assets as demand surges in the world's fastest growing energy market.
Mexican Drivers Flood to California for 'Gasolinazo' Relief
(Wednesday, January 11, 2017) Pump prices in California actually look cheap for some.
Demonetization to Hold Back India's 2017 Fuel Demand Growth
(Wednesday, January 11, 2017) India's fuel demand growth is expected to slow by as much as 40 percent in 2017 from last year as a government-induced cash shortage hurts businesses, industry and car sales.
Asia's Diesel Profit May Rise for First Time Since 2013 - Analysts
(Wednesday, January 11, 2017) Asian refiners' profit margins from producing diesel in 2017 may rise for the first time in four years as demand for the fuel improves in the infrastructure, construction, mining and oil and gas exploration sectors.
Russia's Tuapse Oil Refinery Yet to Restart Main Unit After Fire
(Wednesday, January 11, 2017) Russia's Tuapse oil refinery, which is owned by Rosneft, has yet to restart its sole primary processing CDU-12 unit after a pump was damaged by a fire on Wednesday, the energy ministry said.
Process Safety Management: Overcoming the Silo Factor
(Wednesday, January 11, 2017) Review of process safety risk assessments detects a common culprit.
Rosneft Signs Oil Supply Deal with Firm Linked to Qatar and Glencore
(Tuesday, January 10, 2017) Russian oil major Rosneft has concluded a deal with a company linked to Qatar and commodities trader Glencore to supply up to 55 million tonnes of crude in total over a 5-year period, Rosneft said in a statement on Tuesday.
Refiners Shun New Canadian Crude Blend Offer from Enbridge Line
(Tuesday, January 10, 2017) Enbridge Inc has approved a new stream of heavy Canadian crude for export on one of its major oil pipelines to the United States, according to four trading sources. The only problem? No one wants it.
India's 2016 Fuel Sales Growth Highest in At Least 16 Years
(Tuesday, January 10, 2017) India's fuel demand in 2016 grew at its highest pace in at least 16 years as low oil prices for most of the year boosted demand for gasoline and aviation fuels.
European Gasoline Arb to U.S. East Coast Widens; Freight Rates Limit Flows
(Friday, January 06, 2017) Because European refiners produce more gasoline than required on that continent, they have long profited by exporting to the busy East Coast.
Iran in Talks to Export 4 Mln Bbls of Oil Per Month to Philippines-State TV
(Friday, January 06, 2017) National Iranian Oil Company (NIOC) is negotiating with the Philippines over exporting four million barrels of crude per month to the country, Iran's English-language Press TV quoted a statement published on Friday by the NIOC as saying.
Indonesia Lowers Sulphur Content of Subsidised Diesel
(Friday, January 06, 2017) Indonesia has lowered the sulphur content of its subsidised diesel in line with a global shift to move towards using cleaner fuel to curb pollution.
Saudi Aramco Explores Feb Oil Supply Cuts of 3-7 Pct to Meet OPEC Target
(Friday, January 06, 2017) Saudi Aramco has started talks with customers globally to discuss possible cuts of 3 percent to 7 percent in February crude loadings as it moves to implement an agreement on curbing global oil output, sources said on Thursday.