Saudi Aramco is looking to invest in oil refining, petrochemicals, and oil product distribution in Vietnam, PetroVietnam said Oct. 30, a day after both state-owned companies had inked a collaboration framework agreement on oil and […]
China’s two largest refiners, Sinopec and PetroChina, have reported steep declines in refining output as domestic oil demand weakened further in the third quarter. Lower refining and chemicals demand contributed to a sharp drop in […]
Aramco CEO Amin Nasser is optimistic about China’s oil demand, particularly in the chemical and aviation fuel sectors. Nasser believes that the global energy transition is happening slower than anticipated and that oil demand will […]
Governor Gavin Newsom recently signed a law aimed at preventing gas price spikes in California, but experts say the new regulations could have unintended consequences that harm consumers and the industry. The recent closure announcement […]
Phillips 66 announced Wednesday that it plans to close operations at its Los Angeles-area refinery late in 2025. The company said in a press statement that it “will work with the state of California to supply fuel […]
Gavin Newsom enacted a law empowering state bureaucrats to monitor and control inventory levels at oil refineries, aiming to prevent gas price hikes. Democratic California Gov. Gavin Newsom enacted a law Monday that will empower […]
Refinery margins for petroleum refiners across the world are shrinking, indicating reduced profitability from refining crude oil and selling petroleum products. Declining margins are the result of relatively weak demand for petroleum products even as […]
MEXICO CITY, Oct 10 (Reuters) – Mexico’s state-owned Pemex’s new oil refinery is processing crude at about 80% of its capacity, the country’s president said on Thursday, an amount that marks a big jump from […]
Daily Standup Top Stories It’s time to follow the Navy’s 50-year safety record of nuclear power generation September 17, 2024 Mariel Alumit Delivery of affordable, abundant, reliable, clean, and emissions-free electricity to customers is very important […]
OPEC argues that taxes on gasoline are a more significant factor in pump prices than the cost of crude oil. The organization claims developed nations earn more from gas taxes than OPEC does from oil […]
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