Latest Oil refining News

Oil refining surges to 10-week high

Oil refining in Japan rose this month to a 10-week high as producers resumed operations after maintenance shutdowns. The nation's refiners were using more than 75 percent of capacity in the week that ended July 17, the highest rate since May 8, according to data from the Petroleum Association of Japan. That compares with this year's low of less than 62 percent in the week that ended June 19.

Refining Hits 10-Week High at Japan Oil Plants: Energy Markets

Oil refining in Japan, the world’s third-largest consumer of crude, rose to a 10-week high as producers resume operations after maintenance shutdowns.

Big Oil Co.s profits soar on high prices and refining

Oil and gas producers ConocoPhillips, ENI and BG Group reported big jumps in second quarter profits on Wednesday thanks to higher oil and gas prices and firmer refining margins.

Repsol Profit Climbs on Refining Margins, Oil Prices

Repsol YPF SA, Spain’s biggest oil company, said second-quarter profit rose 60 percent after crude prices increased and refining margins improved.

Conoco Q2 surges as refining buoys Big Oil

ConocoPhillips , the third-largest U.S. oil company, reported a 150 percent increase in underlying quarterly profit, in a dramatic bounceback of its volatile refining business.

Refining asset disposal medium-term - Shell

Royal Dutch Shell will need two to three years to dispose some of its global oil refining assets a senior executive said on Thursday.

Refining asset disposal medium-term target - Shell

Royal Dutch Shell will need more time to dispose some of its global oil refining assets a senior executive said on Thursday delaying its target to sell them this year.

Oil firms' profits almost double

Oil giants Royal Dutch Shell and Exxon Mobil see profits almost double in the week rival BP suffered record losses.

Big Oil posts better profits on higher fuel prices

The major oil companies continue to climb back from the recession, with higher fuel prices driving up earnings.

Higher Oil Prices Help Exxon Top Forecasts

The oil giant’s second-quarter income nearly doubled as oil prices and margins to process crude into fuel rebounded.