Latest Oil refining News
Eni Expects Refining Profit in 2012, to Grow Dividend (Update2) (Bloomberg)
March 12 (Bloomberg) -- Eni SpA , Italy’s largest oil and gas company, expects refining to return to profit from 2012 after boosting sales and efficiency. It forecast dividend growth from 2011.
Tesoro may halt refining in Isles (Honolulu Advertiser)
The owner of the state's largest oil refinery is studying whether it should stop refining crude oil here and use the site as a terminal from which to distribute fuel.
PALM OIL REFINERIES SHOULD VENTURE INTO MORE DOWNSTREAM VALUE-ADDED PRODUCTS (Bernama via Yahoo! Malaysia News)
KUALA LUMPUR, March 14 (Bernama) -- Malaysian palm oil refineries should venture into more downstream value-added products to remain profitable, said Felda Vegetable Oil Products Sdn Bhd Chief Executive Officer Ismail Hasan.
Some worry that closing refineries is a ploy by oil firms to drive up profit margins (Standard-Examiner)
Some of the nation's biggest oil companies are looking at permanently reducing how much gasoline and diesel fuel they make, a move that analysts say would almost certainly trigger higher prices for drivers. read more
Govt may shift subsidy burden to ONGC, OIL, GAIL (Business Standard India)
Upstream oil and gas companies in the public sector are likely to take an additional hit of Rs 16,000 crore in the current financial year as the government has made no fresh Budgetary provision for meeting the oil subsidy burden and the state-controlled oil marketing companies have no financial cushion to absorb the impact of their under-recoveries.
Canada backs Keystone oil pipeline (UPI)
CALGARY, Alberta, March 12 (UPI) -- Canadian regulators approved an application from TransCanada Corp. to construct and operate a Canadian portion of the Keystone oil pipeline.
Oil companies target refineries - Thu, 11 Mar 2010 PST (The Spokesman-Review)
LOS ANGELES – Some of the nation’s biggest oil companies are looking at permanently reducing how much gasoline and diesel fuel they make, a move that analysts say would almost certainly trigger higher prices for drivers. Energy companies are suffering huge losses from refining because of slumping gasoline use – a product of the economic downturn and changing consumer habits and preferences ...
Business : Oil refineries to process more crude in Q2 (Khaleej Times)
LONDON - Global oil processing will rise by 50,000 barrels per day (bpd) to 72.6 million in the second quarter compared with January-March due partly to higher run rates in China and Asia, the International Energy Agency said on Friday.
City explores oil giant Royal Dutch Shell's prospects (The Scotsman: Business)
ATTEMPTS by Royal Dutch Shell to address its production difficulties will be in the spotlight this week, alongside updates from retailers Debenhams and French Connection.
Exxon’s Tillerson Bets Gas, Not Oil, Is Key to Growth (BusinessWeek)
Exxon Mobil Corp., which pumps more oil than every member of OPEC except Saudi Arabia, Iran and Iraq, is counting on natural gas to provide the bulk of its future growth
