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March Crude Throughput Rises 6% on Year

Apr 18, 2017

China's crude refinery throughput in March rose 5.9% year on year to 47.5 million mt, or an average of 11.23 million b/d, preliminary data released Monday by the National Bureau of Statistics showed. This was the highest year-on-year ...

Tags: crude refinery, Oil

Beijing Expected to End Oil Product Export Quotas

Dec 7, 2016

China's independent refineries likely have to rely on state-owned trading companies to export oil products in 2017 as Beijing is likely to stop awarding them quotas to export directly, informed sources said Friday. "It [stopping awarding ...

Tags: Oil Product, Refiners

Analysis: US Crude Exports Hit Record in September

Nov 8, 2016

US crude exports rose 35,000 b/d to a record 692,000 b/d in September after Brent's premium to WTI widened, an analysis of Census Bureau data released Friday showed. Brent's premium over WTI widened from 34 cents/b in May to average ...

Tags: crude exports, crude

ExxonMobil Announces Retirement of Jack Balagia and Expected Election of Randall Ebner as Vice President and General Counsel

Oct 13, 2016

Jack Balagia, vice president and general counsel, Exxon Mobil Corporation (NYSE:XOM), has announced his intention to retire effective Nov. 1, 2016, after more than 18 years of service. It is anticipated that the board of directors will ...

Tags: Jack Balagia, vice president and general counsel, Randall Ebner

Chinese Spot Alumina Prices Continued to Rise

Oct 4, 2016

Chinese spot alumina prices continued to rise Thursday as market sentiment remained strong, with the general expectation that levels will test higher after the Golden Week holidays. China will be closed October 1-7 for National Day ...

Tags: alumina prices, refiners

ExxonMobil Supports Development of Emerging Technologies at University of Texas at Austin Energy Institute

Sep 28, 2016

ExxonMobil announced today that it will invest $15 million as a leadership member of the University of Texas at Austin Energy Institute to pursue technologies to help meet growing energy demand while reducing environmental impacts and the ...

Tags: University of Texas, Austin Energy Institute

ExxonMobil Announces Retirement of Alan Kelly and Expected Appointment of Bryan Milton as President, Exxonmobil Fuels, Lubricants & Specialties Marketing Company

Sep 28, 2016

Alan Kelly, president of ExxonMobil Fuels, Lubricants & Specialties Marketing Company, has announced his intention to retire effective Aug. 1, 2016, after more than 34 years of service. It is anticipated that the board of directors of ...

Tags: Alan Kelly, retirement, Bryan Milton

ExxonMobil and Georgia Tech Innovation Could Lead to Significant Cuts in Chemical Manufacturing Energy Use and Emissions

Sep 28, 2016

Molecular-level filter could revolutionize energy-intense chemical process Significantly reduces amount of energy used in polyester and plastic manufacturing Research published in nation’s leading peer-reviewed journal, ...

Tags: ExxonMobil, Georgia Tech, energy use

ExxonMobil to Acquire InterOil in Transaction Worth More Than $2.5 Billion

Sep 28, 2016

ExxonMobil to pay $45 per share plus additional cash payment based on Elk-Antelope resource size Boards of directors of both companies unanimously approve terms of agreement Acquisition adds to ExxonMobil resources in successful ...

Tags: ExxonMobil, InterOil, transaction

US Exported 662,000 B/D of Crude in May, Highest on Record: EIA

Jul 29, 2016

US crude exports jumped to their highest level on record in May, coming in at 662,000 b/d, monthly data from the US Energy Information Administration showed Friday. Exports are up from 591,000 b/d in April and have been up steadily from ...

Tags: crude exports, US crude

Chinese Independent Refiners Step up Gasoil

Feb 21, 2016

China's independent refiners nearly doubled their gasoil and gasoline production in January and output is expected to remain at high levels going forward as they maintain strong run rates, set up reformers, and continue to process light ...

Tags: independent refiners, gasoline

China Teapot Refineries Apply for Crude Quotas

Jan 3, 2016

Four more Chinese independent teapot refineries, with a total capacity of 15.6 million mt/year, have joined others in applying to the National Development and Reform Commission to process around 14.47 million mt/year of imported crudes, the ...

Tags: teapot refineries, teapot

China's Price Move Signals Discomfort with Plunge

Dec 21, 2015

The Chinese government Tuesday refrained from adjusting retail oil product prices in line with global crude oil fluctuations for the first time in nearly three years, sending a strong signal to the market that it believes prices may have ...

Tags: oil product, crude oil

Asia Alumina: Drifts Sideways at $200/Mt FOB Australia

Dec 18, 2015

The price of Australian alumina continued to drift sideways Thursday, leaving Platts daily assessment unchanged at $200/mt FOB, despite a slight slippage of Yuan 15/mt ($2.30) in Chinese domestic prices in Shanxi province. The Australian ...

Tags: alumina, Australian alumina

Trafigura Grows Trading Volumes Amid Crude Oil Oversupply, Volatility

Dec 15, 2015

Switzerland-based commodity trading house Trafigura said Monday that falling oil prices, significant volatility, structural oversupply and the emergence of contango price structures have created significant opportunities in the crude and ...

Tags: Trafigura, oil prices, crude oil

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