Crude Processing

On the downside, this shift will erode the margins on what once was cheap Canadian crude oil for US refiners.

Chinese independent refineries, concentrated in Shandong province and Tianjin City, are strategically recalibrating their crude oil procurement strategies amid a dynamic market landscape.

Abu Dhabi National Oil Company's (ADNOC) refinery upgrade strategy and crude grade shift are expected to have an impact on global oil market dynamics.

Petroineos' Grangemouth refinery, located in Scotland with a capacity of 150K b/d, is set to resume seaborne crude imports through the repaired Finnart pipeline.

Nigeria's oil regulator, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), is actively addressing challenges in implementing the Domestic Crude Oil Supply Obligation (DCSO) policy.

Chevron Mediterranean, in partnership with Leviathan natural gas field offshore Israel, has successfully initiated the flow of condensate from the field to the Ashdod oil refinery as of March 7.

PetroChina's Guangdong Petrochemical, located in southern Guangdong province, is poised to receive its inaugural cargo of Venezuelan Merey crude around March 23.

Argentina's Medanito crude has reached a three-month high, driven by rising demand from US West Coast refineries in preparation for the upcoming summer driving season.

Oman's recently inaugurated $9B Duqm Refinery, a joint venture between Oman's state energy firm OQ Group and Kuwait Petroleum International, is set to undergo feasibility studies for processing heavier crude grades by the year-end, according to CEO David Bird.

Recent mergers and acquisitions (M&A) in the shale business are exerting a profound impact on US refineries, introducing shifts in the competitive landscape and operational strategies within the industry.