With oil product stocks at moderate levels, Shandong's teapot refineries have kept refinery run rates relatively high, which is supporting demand for feedstock crudes, sources said this week. Regular importer Beifang Asphalt Fuel in ...
Tags: oil product, bitumen
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
Indonesia's state-owned oil and gas company Pertamina has signed a heads of agreement for a $5.5 billion upgrade of the Cilacap refinery with Saudi Aramco, president director Dwi Soetjipto said in a statement Thursday. The project is ...
Tags: crude distillation, refinery, sour crude
With colder temperatures finally hitting much of the northern US last week, many in the oil market will have their eyes on US distillate stocks when the US Energy Information Administration releases its weekly inventory data Wednesday. ...
LPG prices were mixed in East China this week, rising in Jiangsu province and falling in both Shanghai and Zhejiang province, trade sources in the regions said Friday. Propane-rich imported LPG was heard traded at Yuan 5,900-6,000/mt ...
Tags: LPG Prices, Refinery, LPG
Chicago CBOB gasoline for delivery through June 4 jumped 9 cents/gal Thursday to NYMEX July RBOB futures plus 3 cents/gal on the back of refiner buying and a government report showing tight gasoline supply in the Midwest, sources said. ...
Tags: gasoline, Chicago market
South Korea's third-largest refiner, S-Oil, sold a combined 639,000 b/d of oil products, petrochemicals and lube in the first quarter of this year, up 1.4% from 630,000 b/d a year ago, the company said in a statement Thursday. Sales in Q1 ...
Tags: Oil Products, Petrochemicals
Seepage of residual oil previously leaked from PetroChina Lanzhou Petrochemical Co.'s 10.5 million mt/year (210,000 b/d) integrated refinery and petrochemical complex into the water source for water works was behind the unusually high ...
Tags: residual oil, PetroChina, Petrochemical
The prompt inter-month timespread for the FOB Singapore 92 RON swaps rose to an eight-month high last week, reflecting firming demand amid a tightening physical spot market ahead of the Asian refinery turnaround season. The May/June time ...
China's recent move to digitally tag fuel cargoes to clamp down on the widespread practice of declaring crude purchases as fuel oil to evade taxes is already seen to be curbing demand for heavy Venezuelan Merey crude from teapot refiners in ...
Tags: Curbing Demand, Tax Change
Indian refiner Mangalore Refinery and Petrochemicals Ltd is close to completing the long-drawn-out third phase of its expansion project, which will see a new petroleum fluid catalytic cracker and delayed coker unit come onstream at its 15 ...
Tags: Refinery Expansion, Metallurgy
Russian President Vladimir Putin and Rosneft President Igor Sechin took part in the launch of the most powerful Russian crude distillation unit CDU-12 at Tuapse refinery. Modernization of Tuapse refinery suggests in-process construction ...
Tags: Vladimir Putin, Igor Sechin, Russian crude distillation unit, CDU-12
China's 23 state-owned refineries plan to operate at an average 75% of capacity in November, processing a total 16.42 million mt, or 4.01 million b/d, of crude, according to a Platts monthly survey. The survey this month covered 13 ...
Tags: refineries, Mineral
South Korea's fourth-largest refiner, Hyundai Oilbank, said Monday it produced 90.76 million barrels, or 333,677 b/d, of refined oil products over the first nine months of this year, down 9.7% from 100.48 million barrels a year earlier. ...
Tags: Oil Products, Mineral
China's independent teapot refineries in eastern Shandong province have significantly expanded their capacities in the last few years ahead of an end-2013 deadline set by the government to eliminate smaller plants. In an effort to cool ...
Tags: Teapot, Fuel Oil, Refineries