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...The forced sale of the Sicilian plant, which accounts for a fifth of Italy’s refining capacity, took place as the EU was preparing to ban imports of Russian seaborne and petroleum products in December last...
...The market for petroleum products was likely to be “more interesting” than that for crude, Hardy said. “Product markets are more vulnerable [and] that’s where we are seeing the stress and strain . . ....
...The crude will enable the refinery to process an initial 350,000 barrels of crude oil a day into petroleum products, including petrol, diesel and low-sulphur fuels....
...Washington recently warned Ukraine to call off strikes on Russian oil refineries over fears it could fuel the oil price rally....
...Legislation for a new national petroleum company was recently tabled. Investors and executives with knowledge of PetroSA and the sector have cast doubt on these plans....
...We have not built a new, large production capacity oil refinery since 1977....
...The Canadian province of British Columbia in December published new, stricter low-carbon fuel standards that will hit the aviation sector....
...The volume of oil and refined petroleum products that the group traded remained roughly flat at 7.3mn barrels per day....
...The continent, one of the world’s largest purchasers of refined petroleum products, has relied on imports from Asia and the US in the past year after the EU banned the use of Russian diesel in the bloc....
...In addition, the Nigerian National Petroleum Corporation has been unable or unwilling to supply him with the crude his refinery needs, although Dangote insists it is only a matter of weeks before oil starts...
...The refinery has the potential to transform Africa’s biggest oil producer from importing refined petroleum products to becoming a net exporter....
...But she added there was also a risk that Ukraine would step up its attacks on Russian oil after successfully bombing a string of refineries last month....
...The American Fuel & Petrochemical Manufacturers, an oil refinery trade group, spent millions of dollars on advertisements in 2024 election battleground states decrying an “EPA car ban”....
...Refinery maintenance in the US would further cut supplies across the Atlantic and drive up diesel prices, analysts warned. In the shipping market, the Red Sea crisis will continue to add volatility....
...Irving Oil, the owner of Canada’s largest petroleum refinery, has launched a strategic review of the private company that could result in a sale or a change in its sprawling energy portfolio....
...Last week, the administration cancelled its latest plans to refill the country’s Strategic Petroleum Reserve. Other options at the administration’s disposal are limited....
...It is converting its San Francisco refinery in California into one of the world’s biggest renewable fuels plants at a cost of $1.25bn....
...petroleum engineering registrations at US schools....
...By contrast, Lula wants it to reduce shareholder payouts in favour of greater investment in areas such as renewables and refineries, aiming to stimulate economic activity....
...executive of Intercontinental Exchange, said the UK had lost value as a trading centre since leaving the single market, and uncertainty around some post-Brexit regulations had made it difficult to invest in British...
...British Prime Minister Rishi Sunak has defended his former boss Boris Johnson over his handling of the pandemic at the Covid inquiry....
...: A note on the rather confusing “PADD 1” heading in the chart above: Refineries in the US are grouped into five “Petroleum Administration for Defense District” regions, originally created as part of a...
...However, the refinery could be a boon for neighbouring countries, which often have to import petroleum products from further afield....
...It would be the largest in the US oil industry for at least four years, when Occidental Petroleum in 2019 bought rival Anadarko Petroleum for $55bn after outbidding Chevron in an epic corporate battle....
...A Delaware court will soon begin an auction for Citgo Petroleum, the seventh-largest oil refiner in the United States....
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