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Chinese refiners’ crude throughput in April slumped 10.5% year on year to a two-year low of 12.66 million b/d as COVID-19 lockdowns reduced oil demand, National Bureau of Statistics data showed. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now
Highlights S-Oil’s CDUs unaffected by May 19 fire Refiners keen to maintain high runs, provide adequate diesel supply US crude imports rise for 13th consecutive month in April South Korea’s crude imports and middle distillate exports will likely extend their upward momentum into June as
A wide gasoline-naphtha swaps spread is expected to continue incentivizing gasoline blending in the week, but a dearth of blending components like reformate and MX would limit the blending capacity, market sources said. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.
India’s decision to reduce the import duty on polyvinyl chloride to 7.5% from 10%, effective May 22, was expected to weigh on prices in an already weak market, sources said May 23. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register
India’s sudden and unexpected revision of export duties on steel products is likely to result in short-term uncertainty and long-term structural ramifications on global steel markets, sources told S&P Global Commodity Insights May 23. Not registered? Receive daily email alerts, subscriber notes & personalize your
The US Bureau of Safety and Environmental Enforcement (BSEE) continues to work with offshore operators and other state and federal agencies following Hurricane Ida’s passage through Louisiana. It will continue response until operations return to normal and the storm is no longer a threat to
HEQ Deepwater, Houston, closed a deal Aug. 25 to acquire a 20% working interest in the ultra-high-pressure Shenandoah development in the US Gulf of Mexico from an affiliate of Beacon Offshore Energy II LLC. The company was formed this year by Quantum Energy Partners and
Offshore oil and gas operators in the US Gulf of Mexico evacuated platforms and rigs ahead of Hurricane Ida over the weekend. Hurricane Ida, a category 4 storm, made landfall near Port Fourchon, Louisiana around noon Sunday, Aug. 29, with maximum sustained winds of 150
Offshore oil and gas operators in the US Gulf of Mexico continued preparations ahead of Hurricane Ida over the weekend. Hurricane Ida, a category 4 storm, is expected to make landfall in Southeast Louisiana by late afternoon, Sunday, Aug. 29, with sustained winds of 150
Offshore oil and gas operators in the US Gulf of Mexico are evacuating platforms and rigs ahead of Hurricane Ida. Tropical Storm Ida strengthened to hurricane status Friday afternoon, Aug. 27. Ida continues to strengthen. It is moving northwest at 15 mph and has winds