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...20 years, the Aden refinery was one of BP’s most profitable, taking cheap crude oil from inland Yemen and converting it into heavy fuel oil for shipping. However, in 1977...
...the inventories of crude oil and petroleum products at Stanlow and will supply crude to the refinery in line with its requirements. The new arrangements allow Essar Oil UK to...
...of Russia’s role in the petroleum industry as the world’s second-largest crude oil producer and largest exporter of refined oil products. Closer to home, Russia supplies about 30% of Europe’s...
...to purchase crude at higher international market rates. “HARDLY A NATURAL BED-FELLOW FOR A LEFTIST PROGRESSIVE WITH DE FACTO GREEN CREDENTIALS.” The situation in crude oil exploration isn’t much healthier...
...and 3.8 million mt of fluid catalytic cracking capacity, placing it in the category of medium complexity, with a Nelson Complexity Index of 8.2. Storage capacity for crude oil and...
According to a new report by Bloomberg Intelligence (BI), a supply gap big enough to push crude to a speculated $100 a barrel is unlikely, especially as OPEC has spare...
A review of pricing data through 2025, for both Brent crude and HVO diesel, produced in association with The Oil Market Journal The following article presents graphs that shows how fuel...
...“WTI” for short, is an important global crude oil benchmark. But its price is based on market value for delivery at an inland terminal at Cushing, Oklahoma, USA. Cushing is...
...8.97 MMT of crude, a 5% increase on the previous year’s 8.54 MMT. Gross revenues for the 12 months were $4,992 million, a 34% drop to the $7,615 million reported...
...full tanks with refineries now reducing production by 50% and cancelling crude deliveries. On March 11, the daily report suggested that; “In a worst-case scenario the Dow Jones could fall...
...demand, for both crude oil and refined products. The need for this role was heightened from the early 1970s, as vertically integrated supply chains became less secure and geographical imbalances...
...that the refinery can handle 45 different types of crude oil – although given its geographical proximity, the plant typically runs between 85% – 95% of North Sea sourced feed...
...crude costs and drive revenue growth. Operational and financial performance: Key indicators March ending Q4 FY17 Q4 FY16 FY17 FY16 Throughput (in MMT) 2.22 2.20 9.09 8.97 Gross Revenue (in...
Iran’s crude exports have doubled in five years VesselsValue (VV) provides ‘instant, accurate and unbiased data that can be accessed from anywhere in the world, at any time’. VV is...
...a 2.1mmbpd fall in crude production in June from a 13 million barrel a day peak in the first quarter of the year. Westwood now estimates that overall oversupply for...
...oil prices began moving higher, with ICE Gasoil pushing above $1,000/t. and ICE Brent Crude peaking at $95.55/b. ARA diesel inventories began falling below long-term averages as the reality of...
...volatility which is generally seen as synonymous with oil. The future of Iran’s nuclear programme with the possibility of sanctions easing, civil unrest in Libya affecting its crude exports, and...
...who, respectively, source 42% and 17% of their requirements from Norway. Crude oil production is currently running at around 85 mln Mt/year, down from the 2001 peak of 163 mln...
