India Approves $3.4 Billion Payout to State-Run Refiners for Cooking Gas Losses
Wedoany.com Report-Aug. 9, India’s government approved a 300 billion rupee ($3.4 billion) compensation package for state-owned oil marketing companies to cover losses from providing subsidized c...
India’s Biggest Refiner Buys US, Middle East Crude as Trump Slams Russia Purchases
Wedoany.com Report-Aug. 5, Indian Oil Corporation (IOC), Indias largest refiner, has secured 7 million barrels of crude oil from the United States, Canada, and the Middle East for September delivery, ...
China’s May Refinery Throughput at 9-Month Low on Plant Overhauls
Wedoany.com Report-Jun 16, China’s crude oil throughput declined by 1.8% year-on-year in May, reaching its lowest level since August 2023, according to official data released on Monday. The Nati...
Port Harcourt Refinery in Nigeria to Shut Down for Maintenance
Wedoany.com Report-May 31, Nigeria National Petroleum Co. Ltd. (NNPC) has temporarily halted operations at the Port Harcourt refinery in Rivers State for planned maintenance and a sustainability asses...
North Atlantic in Talks With Exxonmobil to Buy French Refinery Complex
Wedoany.com Report-May 30, Exxon Mobil Corp. has entered exclusive negotiations with North Atlantic for the potential acquisition of a refining and petrochemical complex in Gravenchon, Normandy, Franc...
Ecuador’s Biggest Oil Refinery Stops Operating as Precaution Due to Fire
Wedoany.com Report-May 27, On Monday, a fire broke out in a fuel oil tank at Ecuador’s largest oil refinery, the Esmeraldas refinery, operated by state-owned Petroecuador. The blaze has been bro...
Phillips 66’s Los Angeles Refinery Layoffs to Begin in December, Sources Say
Wedoany.com Report-May 23, Phillips 66 is expected to begin workforce reductions at its Los Angeles-area refinery in December, according to sources familiar with the matter. The refinery, which has a ...
Mexico’s Olmeca Refinery Will Restart and Halt Was ‘Nothing Serious,’ President Says
Wedoany.com Report-Apr. 30, Mexico’s Olmeca refinery, located at the port of Dos Bocas, is prepared to resume production following a temporary outage, President Claudia Sheinbaum announced durin...
Spanish Oil Refineries Shut Down After Power Blackout
Wedoany.com Report-Apr. 29, On Monday, a widespread power outage across Spain and Portugal forced several oil refineries to suspend operations, including both plants managed by Moeve, Spain’s se...
California Governor Seeks Help for Struggling Oil Refiners
Wedoany.com Report-Apr. 24, On April 21, California Governor Gavin Newsom directed state officials to intensify efforts to ensure a stable fuel supply for the state, which has the largest auto market ...