Crude Oil News March 24, 2023
3/24/2023 March 24, 2023 India Set to Surpass China in Need for Oil as Growth Paths Diverge A change is on the horizon for oil demand, with India set to eclipse China as the most important driver of global growth — and potentially the last, as the world shifts to a greener future. Indonesia’s environmental […]
Bitumen News March 15, 2023
Indonesia Requests Compensation for Bitumen Spill Indonesia’s environmental ministry has asked the owner of the MT Aashi vessel, which sank and spilled bitumen off the west coast of Indonesia in mid-February, to compensate for environmental losses and undertake coastal and marine restoration. The vessel carrying around 1,900t of bitumen ran aground on 11 February following […]
Bitumen News March 13, 2023
India’s Bitumen Sector Shrugs off Curbs on Ageing Ships India’s bitumen market expects to see minimal impact from new shipping regulations, which will halt the issuing of trading licenses for oil tankers and other vessel types that have surpassed their maximum age limit of 25 years. The new rules, which came into effect on 24 […]
Bitumen News March,02,2023
3/2/2023 March 02, 2023 Kazakh crude could boost Schwedt output Kazakh crude could significantly reduce technical problems at the 226,000 b/d Schwedt refinery in Germany and increase output. The first test delivery of 20,000t of Kazakh crude is already on its way to Germany, ordered by Rosneft Deutschland. The delivery of Kazakh Kebco […]
Bitumen News March,01,2023
3/1/2023 March 01, 2023 South Africa’s Natref plans May-June refinery turnaround South African refiner Natref is planning maintenance at its 107,000 b/d Sasolburg refinery in May-June. The shutdown will affect gasoline, diesel and bitumen production. Natref’s official information to local buyers and other stakeholders is that the refinery’s gasoline and diesel units will […]
Bitumen News March,01,2023
3/1/2023 March 01, 2023 Augusta refinery units to restart early March A number of bitumen, gasoline and gasoil units at the 198,000 b/d Augusta refinery in Sicily are scheduled to restart in early March after a maintenance shutdown that has been underway since early to mid-February. The halt at the Algerian state-owned Sonatrach’s […]
Bitumen News February,28,2023
2/28/2023 February 28, 2023 Shell Pernis maintenance fuels bitumen supply concerns A major turnaround due to start at Shell’s 404,000 b/d Pernis refinery in Rotterdam in early March is adding to concerns about bitumen supply in northern Europe at the start of the road paving season. The maintenance work at Pernis is scheduled […]
Weekly Bitumen News February,17,2023
2/17/2023 February 17, 2023 Vitol plans new bitumen storage facility in Malaysia Vitol Asia, a subsidiary of Swiss-based energy and commodity trading firm Vitol, will commission a 50,000-70,000t bitumen storage facility in Malaysia’s Tanjung Bin from 2024. Engineering firm Rotary will build the storage tanks at the VTTI ATB terminal and next to Vitol’s […]
Weekly Bitumen News February,15,2023
2/15/2023 February 15, 2023 Indian state refiners hold runs at maximum in Jan, Feb Indian state-controlled refiners continued to operate their refineries at maximum nameplate capacity on the back of strong domestic fuel demand, market participants close to the refiners told Argus. BPCL’s 310,000 b/d Kochi, 240,000 b/d Mumbai and 156,000 b/d Bina refineries, MRPL’s […]