BP’s Whiting Refinery Restarting After Flood, Full Rates Expected Next Week
BP’s 440,000-barrel-per-day Whiting refinery in Indiana is in the process of restarting after severe flooding disrupted operations earlier this week, Reuters reported on Wednesday, with industry monitor IIR saying it…
Fuel Stations Packed in Russian Far East As Drone Strikes Cause Shortages
Russia’s Far East is grappling with acute fuel shortages after a new wave of Ukrainian drone strikes forced multiple refineries offline, squeezing supplies just as seasonal demand rises. According to…
Petrobras Chair Quits as He Prepares to Join Oil Regulator
Petrobras Chairman Pietro Mendes is stepping down from the crude producer following his approval by the Brazilian Senate to become a director at Brazil’s oil and gas regulator, known as…
South Korea’s Petrochemicals Industry to Cut Capacity amid Glut
South Korea is urging its struggling petrochemicals sector to slash excess capacity and restructure operations amid a global glut that has depressed petrochemicals margins and threatened the industry in many…
Aker BP makes ‘significant’ oil discovery in Norwegian North Sea
Aker BP has completed its Omega Alfa exploration campaign in the Norwegian North Sea, resulting in a significant oil discovery that adds substantial new resources to the Yggdrasil area. The…
Ithaca Energy Boosts Production Guidance After Strong First Half
Ithaca Energy, one of the biggest independent oil and gas companies in the UK North Sea, raised its 2025 production guidance for the second time this year, on the back…
JODI Oil Data Signals Tight Summer Market
Global oil demand jumped in June by more than 1 million barrels per day (bpd) from May, while production growth has half that figure, leaving inventories at below the five-year…
Air Products appoints Howard Ungerleider as a Director
Air Products’ Board of Directors has elected Howard Ungerleider as a Director, effective 1 September, where he will serve as a member of the Audit and Finance Committee. Wayne T.…
China’s Fuel Oil Imports Jump to 7-Month High
Fuel oil imports into China jumped by 40% in July to the highest level in seven months as falling refining margins raised refiners’ interest in lower-cost feedstock and the province…
Norway’s Oil and Gas Production Tops Forecasts
Oil and gas production in Norway topped forecasts by nearly 4% in July as crude oil production jumped, data from the Norwegian Offshore Directorate showed on Wednesday. Norway’s crude oil…
