China imported record volumes of crude oil in 1H23
The EIA has reported that record volumes of crude oil were imported into China during 1H23 because of refinery expansions in the country and initiatives to reopen the economy.
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This acquisition aligns with Fives' strategy to develop digital tools for a more efficient and sustainable industry.
As part of the drive to decarbonise its European refineries, TotalEnergies is launching a call for tenders for the supply of 500 000 tpy of green hydrogen.
Evonik Industries has completed the relocation and expansion of its precious metal powder catalyst plant in Shanghai Chemical Industrial Park (SCIP).
The US Energy Information Administration (EIA) expects global oil inventories to decline by almost a half million bpd in 2H23.
While the oil markets have been volatile, Northwest European diesel and gasoline margins have increased to a high level during Q323, improving the total refining margin outlook for Neste’s oil products.
Production cuts among OPEC+ members are limiting availability of medium and heavy sour grades of crude oil and contributing to higher relative prices for these grades, reversing typical price relationships.
AVEVA has been recognised as ‘Digital Partner of the Year’ at the 4th Edition of Downstream India Excellence Awards 2023 in New Delhi.
Hytera Communications, a provider of professional communications technologies and solutions, has won the bid for Sinopec Group’s industrial two-way radio equipment procurement.
Asia is set to witness the highest refinery coking capacity additions among all regions during 2023 and 2027, contributing about 50% of the total global capacity additions by 2027, reports GlobalData.
