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SP 6th refinery feedstock to increase 42% by Mar. 2021

1 June 2020 - 01:27

The feedstock supplied to the sixth refinery of the South Pars gas field will be increased by 42 percent by the next Iranian calendar year (begins on March 21, 2021), IRNA reported.

PBF takes wary approach to fuel rebound

15 May 2020 - 19:10

Emerging US fuel demand will not quickly restore crude consumption, US independent refiner PBF Energy warned today.

Refiners still eye M&A while gathering liquidity

7 May 2020 - 13:37

A sudden rush for cash across the US independent refining sector has not stopped interest in mergers and acquisitions, executives said during earnings calls this week.

Repsol running Peru refinery at 30pc capacity

6 May 2020 - 11:05

Spain's Repsol is operating its 117,000 b/d La Pampilla refinery in Peru at one-third capacity in response to a collapse in fuel demand.

Shares of 4 refineries to be offered at TSE in late June

3 May 2020 - 16:15

Government spokesperson Ali Rabiei says the shares of Iran’s four refineries, namely Isfahan, Tabriz, Bandar-Abbas and Tehran, are due to be offered at Tehran Stock Exchange (TSE) on June 21, IRNA reported.

US heating oil falls below VGO as refiners cut output

29 April 2020 - 16:30

US Gulf coast heating oil prices have sunk to deep discounts to an intermediate grade for which it can potentially substitute. But prices are not rebalancing based on interchangeability, because refiners are focused on cutting gasoline production.

PetroChina, Sinopec slump to big 1Q losses

29 April 2020 - 16:19

China's two largest oil companies state-controlled PetroChina and Sinopec slumped to big losses in the first quarter as the impact of the Covid-19 outbreak hit their domestic refining operations.

Australia's Viva to shut some Geelong refinery units

27 April 2020 - 19:27

Australian refiner and marketer Viva Energy has started preparations to shut the residual catalytic cracker (RFCC) and associated processing units at its 128,000 b/d Geelong refinery in Victoria from early May.

Low margins threaten future of New Zealand refining

16 April 2020 - 22:55

New Zealand's sole refinery the 135,000 b/d Marsden Point plant is considering halting refining activity and becoming an oil product importer as part of a strategic review of its operations.

Caltex Australia fuel sales edge lower in March

16 April 2020 - 22:52

Refiner and marketer Caltex Australia's sales edged lower in March from a month earlier, hinting at a slowdown in product demand because of the Covid-19 pandemic.

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