Page 13 - Repi Refining News Today

Hungarian oil group MOL expects to be able to choose between Russian or non-Russian crude for its refineries by 2026, its Chairman and Chief Executive Zsolt Hernadi told Reuters, by implementing substantial investments.

Guyana's government on Friday announced it approved a production license for a consortium led by Exxon Mobil to develop its fifth and most expensive oil project in the country, Uaru, the Natural Resources ministry said.

The U.S. ethanol industry is lobbying the Biden administration to ensure lower-carbon aviation fuel made from ethanol will qualify for subsidies under the Inflation Reduction Act, arguing such provisions are crucial to meeting U.S. climate goals.

The broadcast venture of India's Reliance has struck a deal with Warner Bros Discovery Inc. for its streaming platform JioCinema, making a big push to bring Hollywood content onto the platform and compete against Netflix and Amazon.

Residual fuel oil stocks at key trading hub Singapore fell to four-week lows, with net imports easing by 19% after jumping last week, official data showed on Thursday.

Exxon Mobil Corp resumed operations at its facilities in Nigeria after resolving a labour dispute over pay and conditions with its in-house union, a company spokesperson said on Thursday.

In early February, Chief Allan Adam of the Athabasca Chipewyan First Nation in northern Alberta started fielding calls from community members after the provincial regulator revealed toxic wastewater had been leaking for months from a tailings pond at Imperial Oil's Kearl oil sands mine.

An activist resolution urging BP to set tougher climate targets was rejected by shareholders on Thursday, although it enjoyed more support than last year after the energy company rowed back on plans to cut oil and gas output.

As Middle East crude exporters cut output and raise prices, India's refiners are successfully switching to Russian oil and enjoying the double bonus of cheaper cargoes and higher margins for exported refined products.

Wintershall Dea (WINT.UL) Chief Executive Mario Mehren on Wednesday said Moscow's decree to establish control over energy firms Uniper and Fortum was not affecting his company so far, but Russia's policies were "unpredictable" and "unreliable."