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...OPEC announcement on Wednesday, Brent crude rose above $93 per barrel and has continued upwards rallying around 10% this week. Not a political decision OPEC Secretary General Haitham al-Ghais described...
...the oil and shipping markets, she brings valuable expertise and a fresh dynamic to the team. Prior to joining Mabanaft, Caroline was the Director of International Crude Trading for Suncor,...
...down in an effort to protect margins – in Britain, INEOS shut down a 35,000-bpd crude unit at its 200,000 bpd Grangemouth refinery on March 17th, whilst BP shut down...
...value products from the Stanlow refinery by closing the smaller of our two crude refining units later this year. “As a result of this optimised configuration going forward, organisational changes...
...construction began on a fully-fledged crude oil refinery. This refinery was completed in 1952. Development under Essar ownership Essar Group acquired Stanlow in 2011. Since then, Essar has nurtured the...
...of Brussels on how this relates to oil imports has not exactly been clear: initial reports were that, as of the start of next year, all crude oil and refined...
...from where refineries source their crude oil feedstocks, to how many EV charge points are now in operation at the UK’s petrol filling stations. With the sector evolving, it is...
...Russia by other global powers caused a notable surge in the price of WTI crude oil to $133.46 (£106.89) per barrel and Brent crude oil to $139.10 (£111.43) per barrel,...
...24 – Jul 24), Chinese crude demand contracted by 280,000 bpd. In July, China’s total crude imports were 9.97m bpd, which was 12% lower than the previous month (Jun 24...
...most notable of all, was the fact that the trading range of crude oil (i.e. the price high to the price low) stayed within its narrowest band in over 20...
...transport fuel demand, processed 4.5 MMT of crude, in line with the 4.5 MMT during H1 FY17. Making good progress on its plans to invest $250 million in capex and...
The Price Cap Coalition of the G7, the European Union and Australia have set a cap on seaborne Russian crude oil at $60 effective today. An announcement from HM Treasury...
...crude oil feedstock being sourced from theUKand Norwegian sectors of theNorth Sea. Refinery challenges Poor profitability conditions in refining have been evident since 2008 and will continue, with no prospect...
...sale and purchase of crude oil, cleaning of tanks in marine tank vessels carrying petroleum or refined products, and procedures for cargo inspections for crude oil, products and liquefied petroleum...
...peak at £535.1m, was fuelled by a steep rise in crude oil prices brought about by the war in Ukraine. In 2023, oil prices dropped 17.9%, marking a return to...
...Stanlow oil refinery in Ellesmere Port. The Inventory Monetisation arrangement with J. Aron & Company covers the supply of crude oil to Stanlow and replaces a similar agreement with Barclays...
...to be an import terminal, after significant reconfiguration of the existing site. The administrators are presently overseeing the removal of all crude oil and refined products from the site and...
...of high value propylene. In the nine months to December 31st, 2015, Stanlow, which produces about 15% of the UK’s road transport fuel demand, processed 6.77 MMT of crude, a...
