In 2024, the International Energy Agency (IEA) projects a shift in global crude throughput patterns, with China relinquishing its dominant position in refinery activity growth.
January 27, 2024
According to the latest news on Jan. 26, UK energy major Shell plans to transform its Wesseling refinery in Germany into a Group III base oil production unit.
January 27, 2024
January 21, 2024
The recent cold spell in the US has resulted in the closure of 15% of refining capacity along the Gulf Coast, equivalent to 1.5MM b/d in throughput capacity, as reported by Wood Mackenzie and cited by Bloomberg.
January 21, 2024
The North Asian Used Cooking Oil (UCO) market faces unprecedented challenges as prices hit a 33-month low at $800/mt on Jan. 5, marking the lowest since March 2021.
January 14, 2024
In Dec., crude deliveries to GOI Energy's Priolo refinery complex in Sicily reached 185K b/d, showcasing a notable increase from November's 170K b/d, with an average of 195K b/d throughout 2023.
January 13, 2024
Commencing in the second week of Jan. 2024, Italian independent refiner API has initiated planned work at its Falconara refinery, an annual tradition lasting approximately a month.
January 13, 2024
The International Energy Agency (IEA) predicts a substantial rise in biofuel demand, expecting it to constitute 6% of the forecasted energy demand for road transport by 2030.
January 07, 2024
The world’s No. 1 oil importer has significantly increased its crude oil import quotas for 2024, surprising the market by front-loading allocations to private refiners and traders.
January 07, 2024
In a bid to ensure a stable supply for local refining, Nigerian oil producers will be required to allocate 483K b/d to domestic refineries in the first half of 2024, as per newly introduced regulations.
January 06, 2024
