Page 4 - Platts Dec News Today : Breaking News, Live Updates & Top Stories | Vimarsana

REFINERY NEWS ROUNDUP: Russian plants reduce runs in January Russian refineries are expected to reduce throughput in January on poor economics and also fewer working days due to the New Year holidays, with more pronounced cuts anticipated at smaller and medium-sized refineries that are predominantly export-oriented. Some of them will process from stocks or run in “hot circulation mode”, according to sources. Bigger refineries that cover domestic demand are also likely to reduce runs, but to a lesser extent. As a result more volumes have been directed to exports, with Urals monthly exports...

REFINERY NEWS ROUNDUP: Some maintenance ends in Europe, TAL shipments resume Some maintenance has finished in Europe with refineries restarting but temporary closures remain in force at a number of plants, both full and partial. The International Energy Agency expects improved oil products demand next year to result in 500,000 b/d higher throughput at European refiners after a 1.5 million b/d decline in 2020, with runs expected to remain below Q3 2020 levels until Q3 2021. Separately, the Trans-Alpine pipeline (TAL), which ships crude oil from the Italian port of Trieste to refineries in Aust...

China May Ease Entry Of Imported Coal To Bring Down Higher Domestic Prices China may open up its borders to seaborne coal and set price ceiling for Chinese coal in an attempt to cool domestic coal prices, according to a meeting note seen by S&P Global Platts Dec. 15 that took place between China’s National Development and Reform Commission, or NDRC and eight state-owned Chinese utilities on Dec. 12. NDRC was in discussion with Zhengzhou Commodities Exchange to implement measures to limit excessive fluctuations in futures prices, the meeting note said and confirmed by a source close to the m...

Kuwait’s KPC lowers January crude OSPs to US, Europe; raises prices to Asia Kuwait Petroleum Corp. lowered its January official selling prices for crude bound for the United States and Europe, while it raised prices of barrels headed Asia, according to a notice seen by S&P Global Platts Dec. 10. KPC decreased its Kuwait Export Crude delivered to USGC by 30 cents/b to a $1.40/b premium to the Argus Sour Crude Index, or ASCI. The FOB KEC to the US also was lowered by 30 cents/b to ASCI plus 10 cents/b. For KEC barrels bound for Northwest Europe in January, KPC lowered values by 50 cents/b to ...