Festival demand spurs India’s gasoil consumption to above pre-Covid levels

India’s gasoil consumption in October rose above pre-Covid levels for the first time in a year, as increased industrial activity ahead of the festival season spurred demand for the fuel. The country’s factory activity expanded in October at its quickest pace in eight months on strong demand and increased output, according to the Manufacturing Purchasing

SOCAR to increase STAR Refinery’s production capacity

SOCAR Turkey will increase the crude oil processing capacity of the STAR Refinery in İzmir Aliağa, which is currently 11 million tons, to 13 million tons. Capacity will be increased at the Star Refinery, which is operated by the SOCAR Turkey group, which carries out the Turkey operations of the Azerbaijani oil company SOCAR. After

Despite tight supply, US refiners export most gas in three years

While President Biden is fretting about high gasoline prices, even going as far as asking OPEC+ to raise oil output, US refiners are exporting the most gasoline in three years. Shipments of the fuel in the first eight months of the year rose to 802,000 barrels a day, the highest for the period since 2018,

India Refiners Brace for Low Carbon Future

India’s biggest oil refiners are finalizing plans to cut down on emissions from their facilities while remaining optimistic about the future of petroleum fuels in the country. State-run majors from Indian Oil Corp. to Hindustan Petroleum Corp. are opting for low-carbon operations with the use of green hydrogen and clean power. They are also installing

The danger of the marine vessels that serve refineries

Pollution occurs in every phase of the oil refining process. In this series, we analyze the impacts of pollution in three categories: direct pollution from the refinery operations themselves; “upstream” and “downstream” pollution from transporting crude oil and refined products;1 and indirect pollution from consuming the refineries’ products. It’s important to consider all three categories

Nigerian Refineries will meet local fuel demand

The 650,000bpd Dangote Petroleum Refinery, Nigerian National Petroleum Corporation (NNPC) and other modular refineries are expected to be the major drivers of Nigeria’s demand for petroleum products, which is projected to grow massively in the nearest future. Speaking at the just concluded 15th Oil Trading and Logistics (OTL) Africa Downstream Week in Lagos, the Group

US Refiners Cash in on Fat Margins as Fuel Demand Surges

US refineries are enjoying the highest profit margins to turn crude oil into gasoline in four years for this time of the year, as demand for the fuel jumps. The Nymex gasoline crack, a rough gauge of the margin refiners can capture with a barrel of crude based on futures prices in New York, was

India Plans Refiners’ Joint Oil Deals to Cut Import Bill

India is forming a group that brings together state-run and private refiners to seek better crude import deals, oil secretary Tarun Kapoor said on Tuesday, as the country grapples with soaring oil prices. The world’s third-largest oil importer and consumer, India depends on imports for about 85% of its crude and buys most of it

China caps refinery capacity under peak emissions plan

China will cap primary crude processing capacity at 20mn b/d by 2025, the government said in a new action plan to achieve peak emissions by 2030. The plan, published by the state council today, gives a more detailed sector-by-sector breakdown following the release of an economy-wide plan for peak emissions and carbon neutrality on 24

Asia refiners to get full Saudi crude supplies in October

Saudi Aramco has notified at least seven buyers across Asia that it would supply full contractual volumes of crude oil in October, though none of them asked for additional supplies despite deep price cuts, sources with knowledge of the matter said on Monday. The full allocation comes as the Organization of the Petroleum Exporting Countries