Page 18 - Repi Refining News Today

Indian refiners' crude oil processing remained near record levels in February, provisional government data showed on Wednesday, catering to rising demand in the world's third biggest oil importer and consumer.

Crude oil refiner Valero Energy Corp agreed to pay a $1.2 million fine over violations of chemical safety regulations at a California refinery, the U.S. Environmental Protection Agency said on Thursday.

PKN Orlen has terminated its contract with Russia's Tatneft without paying any penalties, the Polish company's chief executive said on Tuesday, after Moscow halted supplies of oil to Poland.

Russia has started to make ship-to-ship (STS) transfers of diesel near African ports as it seeks transatlantic sales, according to traders and Refinitiv Eikon data.

Exxon Mobil Corp has ended a major campaign to find oil in Brazil, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.

U.S. crude oil stockpiles fell more than expected last week due to strong export and refining demand, the Energy Information Administration said on Wednesday,

Prateek Gupta's lawyers are seeking an extension of a deadline to challenge a $625 million global freezing order imposed by a London Court on the Indian businessman and his firms until June, a spokesperson said on Wednesday.

Nigeria's sovereign wealth fund and Vitol (VITOLV.UL) have launched a joint venture to invest in a range of carbon avoidance and removal projects, the fund said on Wednesday.

OPEC's surprise oil production cuts could lead to higher demand for U.S. oil in Europe and Asia and could encourage some other producers to boost output, industry executives and analysts said on Monday.

Indonesian state oil firm PT Pertamina plans to spend nearly $2 billion in the period up to 2026 to improve safety at its facilities, executives said on Tuesday, as lawmakers grilled officials over their response to a series of fires and explosions.