Refining margins in the U.S, northwest Europe, and Asia have jumped to two-year highs. Gasoline and diesel markets are tightening with no immediate sign of relief. Attacks on Russian refineries, ...

Refining in Europe appears to be in a state of decline but Türkiye and Eastern Mediterranean Operators are holding their own.

Oil futures posted solid weekly gains that have more than recouped the big drop that followed OPEC's June 2 announcement of its plan to begin phasing in the return of ~2.2M bbl/day of crude later this ...

Vertex Energy Inc., a specialty refiner and marketer of refined products, decreased its throughput rates in fourth-quarter 2023, citing deteriorating crack spreads. Conventional throughput volumes at ...

SP Olefins (Taixing) Co. Ltd., a subsidiary of SP Chemicals Pte. Ltd., Singapore, has let a contract to Technip SA, Paris, to provide technology licensing and process design for the company’s proposed ...

Despite slumping oil prices, global refiners are turning in strong first-quarter earnings, thanks to a sharp rebound in profit margins, Reuters reports, with U.S. Gulf Coast refiners processing Mars ...

Babcock & Wilcox (B&W) announced that it has been awarded a $40-million contract to supply advanced low-pressure wet gas scrubbing (WGS) technology for installation at a major petroleum refinery in ...