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billion refinery project, aiming to cut imports, boost energy security, and flex some refining muscle. The government announced plans for the 531,500-barrel-per-day facility, making it one of the largest in the regionbecause when youre an economy growing as fast as Indonesias, relying on imports just isnt cutting it anymore.
State-run oil giant PetroChina will shut the last remaining crude processing unit at its biggest refinery in northern China within weeks, industry sources told Reuters on Wednesday. Dalian Petrochemical, PetroChinas 410,000-barrels-per-day refinery in downtown Dalian, north China, has been shutting processing units since the end of 2023.
BPs refinery in Rotterdam had both its crude units offline on Tuesday morning, Reuters reports, citing energy consultancy Wood Mackenzie. A crude unit with a capacity of 200,000 barrels per day (bpd) went offline early on Tuesday. As a result of the shutdowns, the 400,000-bpd oil refinery in Rotterdam now has both crude units offline.
Indonesia is doubling to 1 million barrels per day (bpd) the planned capacity of the new refineries it will build in an effort to boost its energy security and downstream industry.
Iraqs government has signed a deal with Chinese Geo-Jade Petroleum to expand production at the Tuba oil field, build a refinery and two power plants. The refinery that Geo-Jade Petroleum will build will have a capacity of 200,000 barrels daily.
Crude oil inventories in China rose to the highest in almost three years in March, suggesting demand growth was lagging behind refinery processing rates, which hit a one-year high last month as Chinese oil processors took advantage of cheap Iranian and Russian crude. Run rates at Chinese refineries during the same month averaged
million barrels from the previous week. million barrels, U.S. crude oil refinery inputs averaged 17 million barrels per day during the week ending May 30, 2025, which was 670 thousand barrels per day more than the previous weeks average. Refineries operated at 93.4% million barrels per day, 9.6%
million barrels from the previous week. million barrels, U.S. crude oil refinery inputs averaged 16.5 million barrels per day during the week ending May 16, 2025, which was 89 thousand barrels per day more than the previous weeks average. crude oil refinery inputs averaged 16.5 Refineries operated at 90.7%
million barrels from the previous week. million barrels, U.S. crude oil refinery inputs averaged 16.4 million barrels per day during the week ending May 9, 2025, which was 330 thousand barrels per day more than the previous weeks average. crude oil refinery inputs averaged 16.4 Refineries operated at 90.2%
million barrels from the previous week. million barrels, U.S. crude oil refinery inputs averaged 15.7 million barrels per day during the week ending March 14, 2025, which was 45 thousand barrels per day less than the previous weeks average. crude oil refinery inputs averaged 15.7 million barrels per day.
(Investing) –HOUSTON – The price spread between WTI Midland crude in West Texas and Houston has narrowed this year as cold weather hurt Permian production, driving up prices, but weaker refinery and export demand on the U.S. That compared to an average of 50 cents a barrel a year ago, when record crude production at the top U.S.
million barrels from the previous week. million barrels, U.S. crude oil refinery inputs averaged 16.1 million barrels per day during the week ending May 2, 2025, which was 7 thousand barrels per day less than the previous weeks average. crude oil refinery inputs averaged 16.1 million barrels per day.
million barrels from the previous week. million barrels, U.S. crude oil refinery inputs averaged 16.1 million barrels per day during the week ending April 25, 2025, which was 189 thousand barrels per day more than the previous weeks average. crude oil refinery inputs averaged 16.1 million barrels per day.
million barrels from the previous week. million barrels, U.S. crude oil refinery inputs averaged 15.9 million barrels per day during the week ending April 18, 2025, which was 326 thousand barrels per day more than the previous weeks average. crude oil refinery inputs averaged 15.9 million barrels per day.
million barrels from the previous week. million barrels, U.S. crude oil refinery inputs averaged 15.6 million barrels per day during the week ending April 11, 2025, which was 64 thousand barrels per day less than the previous weeks average. crude oil refinery inputs averaged 15.6 million barrels per day.
million barrels from the previous week. million barrels, U.S. crude oil refinery inputs averaged 15.6 million barrels per day during the week ending April 4, 2025, which was 69 thousand barrels per day more than the previous weeks average. crude oil refinery inputs averaged 15.6 Refineries operated at 86.7%
million barrels from the previous week. million barrels, U.S. crude oil refinery inputs averaged 15.6 million barrels per day during the week ending March 28, 2025, which was 192 thousand barrels per day less than the previous weeks average. crude oil refinery inputs averaged 15.6 million barrels per day.
million barrels from the previous week. million barrels, U.S. crude oil refinery inputs averaged 15.8 million barrels per day during the week ending March 21, 2025, which was 87 thousand barrels per day less than the previous weeks average. crude oil refinery inputs averaged 15.8 million barrels per day.
million barrels from the previous week. million barrels, U.S. crude oil refinery inputs averaged 15.7 million barrels per day during the week ending March 7, 2025, which was 321 thousand barrels per day less than the previous weeks average. crude oil refinery inputs averaged 15.7 million barrels per day.
million barrels from the previous week. million barrels, U.S. crude oil refinery inputs averaged 15.4 million barrels per day during the week ending February 28, 2025, which was 346 thousand barrels per day less than the previous weeks average. Refineries operated at 85.9% million barrels per day.
Shandong Yulong Petrochemical, the newest refiner in China, is set to begin trial runs at a 200,000-barrels per day crude processing unit later this month, traders familiar with the facilitys plans told Reuters on Monday, in what could be a boost to Chinese crude oil imports in the coming months.
million barrels per day in March, or 110,000 bpd less than February, according to the survey. Nigeria is still pumping just above its OPEC quota, but in March, the country reduced supply to its new Dangote refinery. OPEC pumped 26.63 Nigeria, Iran, and Venezuela each saw a drop in March output of 50,000 bpd.
Saudi Arabias crude oil flows to China are expected to stay at a one-year high of about 48 million barrels in Juneroughly the same volume arriving in China from the worlds top crude exporter this month, trade sources told Reuters on Tuesday. Sinochem and private refiners, including
Spring maintenance at some large state-controlled refineries in the worlds top crude oil importer is the key reason for the low volumes that Saudi Arabia has allocated for April. These amount to about 34 million barrels, down from 41 million barrels allocated for March, according to Reuters data.
This comprises a development project to increase production at the Tuba oil field from 20,000 barrels per day (bpd) to 100,000 bpd, constructing a 200,000-bpd high-specification refinery, and building a 620,000 tonnes annual capacity petrochemical plant, according to Iraqs Oil Ministry.
Higher exports and increased demand from the huge new African refinery, Dangote, pushed Nigerias oil production in February 70,000 barrels per day (bpd) above its OPEC+ quota of 1.5 million bpd, a Reuters survey showed. Last month, Nigerian production exceeded its quota in the OPEC+ agreement by the most among all participants.
Asias imports of refined petroleum products plunged in April to the lowest level since 2020, due to higher spring refinery maintenance at key fuel exporters in the region and softer demand for gasoline and diesel. million barrels in April, down from 195.54 Asias imports of light and middle distillates slumped to 166.37
billion was recorded for the Benicia and Wilmington refineries, and is expected to be treated as a special item and excluded from first quarter 2025 adjusted earnings. Valero owns 15 petroleum refineries located in the U.S., million barrels per day. Canada, the United Kingdom (U.K.), Ireland and Latin America.
sanctions and refinery maintenance, Bloomberg has reported, citing data from Vortexa. million barrels of crude to China daily, which was 20% lower than export flows in May 2024. Crude oil exports from Iran to its biggest buyer, China, shrank last month on tighter U.S. Per that data, Iran shipped a little over 1.1
A substantial drop in the spot market price for Emirati crude has triggered a demand surge from Asia, Reuters reported today, citing data for a record trade of 10 million barrels of Murban crude on an S&P Global Platts market-of-close basis this month.
Lyondell Basell Industries permanently shut its 263,776 barrel-per-day (bpd) Houston refinery in February, said Peter Vanacker, the company’s chief executive during a Friday conference call. 7 the company completed the shutdown of the refinery. Reuters reported on Feb.
million barrels of renewable diesel per year for five years from a converted California refinery starting in 2022. The renewable diesel will be sourced from a refinery acquired by Global Clean […]. The post ExxonMobil, Global Clean Energy Holdings Sign Renewable Diesel Agreement appeared first on NGT News.
refineries typically undergo seasonal maintenance and turnaround activities in preparation for the summer driving season, when fuel demand significantly increases. However, this scheduled downtime temporarily reduces refinery utilization and the ability to capture revenue from margins, often impacting quarterly performance.
Cenovus will begin planned maintenance work on multiple units at its 160,000-barrel-per-day refinery in Toledo, Ohio in mid April, a source familiar with plant operations said on Thursday. Roughly a third of the facility will be down for maintenance as early as the second week of April, the source said.
Saudi Arabia’s crude exports in March fell to 5.754 million barrels per day (bpd) from 6.547 million bpd in February, official data showed on Wednesday. Saudi refineries’ crude throughput was at 2.944 million bpd [Read more]
crude oil stockpiles fell unexpectedly last week on higher export and refinery demand, while gasoline drew down for a ninth straight week, the Energy Information Administration said on Wednesday. million barrels to 440.4 Crude inventories fell by 2.7
On Saturday, 29th March 2025, Uganda signed a historic oil refinery agreement with Alpha MBM Investments LLC, a UAE-based firm, paving the way for the construction of a 60,000-barrel-per-day crude … Read More The post Uganda Secures Mega Oil Refinery Deal With Alpha MBM Investments appeared first on oilnewsafrica.
Iraq's South Refineries Company (SRC) is nearing the completion of its Fluid Catalytic Cracking (FCC) project, with 98% of the work done. Source: Ministry of Oil) The post South Refineries Company Nears Completion of FCC Project first appeared on Iraq Business News. By John Lee.
Al-Sudani has announced that Iraq's refining capacity will soon reach 1,542,000 barrels per day (bpd) following the expansion of key refineries. During a visit to Maysan province, the Prime Minister inaugurated the Maysan [Missan] Refinery Development Project , which will increase its capacity from 40,000 to 110,000 bpd.
BP’s 440,000-barrel-per-day (bpd) refinery in Whiting, Indiana, restarted its reformer unit last week, industry monitor IIR Energy said. The Whiting refinery, the [Read more] BP did not immediately respond to Reuters’ requests for comment. The Whiting refinery, the [Read more]
The first South Pars Gas Refinery achieved strong operational performance during the Iranian year 1403 (March 2024 March 2025), producing over 10 billion cubic meters (bcm) of sweetened gas, according to a report by SHANA. In addition to sweetened gas, the refinery also produced over 7.26
Kirkuk Governor Ribwar Taha Mustafa has signed a contract for the construction of the Kirkuk Refinery , which has a planned production capacity of 70,000 barrels per day (bpd). The refinery will be built by Sulaymania-based Rania Group , and will reportedly cost around $2 billion. By John Lee.
Downstream energy provider Phillips 66 has achieved a major milestone in its conversion of its San Francisco refinery into the Rodeo Renewable Energy Complex, expanding commercial scale production of renewable diesel. The […] The post Phillips 66 Achieves Milestone in Expanding Renewable Diesel Output appeared first on NGT News.
BP’s 440,000-barrel-per-day (bpd) refinery in Whiting, Indiana, shut the reformer unit last weekend, trading sources said. The Whiting refinery, the largest in the U.S. The company did not immediately respond to Reuters’ requests for comment. Reporting by Nicole Jao in New [Read more]
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