A fire on the small hydrocracking unit (HCU) was extinguished on Thursday afternoon at Valero Energy Corp's (VLO.N) 335,000-barrel-per-day Port Arthur, Texas, refinery, people familiar with plant operations said.
Saudi Arabia, the world's top crude oil exporter, will supply full volumes of July-loading crude to its Asian customers, five sources with knowledge of the matter told Reuters on Friday.
U.S. renewable fuel credits traded at $1.70 each on Friday, down 15% from the previous session, after a Reuters report said the U.S. EPA was considering ways to provide relief to U.S. oil refiners from biofuel blending mandates.
Uzbekistan will launch its first gas-to-liquids (GTL) plant in the fourth quarter of 2021, the owner Uzbekneftegaz said on Friday, helping the Central Asia nation reduce its reliance on oil product imports.
BP Plc (BP.L) is planning to spin off its operations in Iraq into a standalone company, the Wall Street Journal reported on Friday, as the oil major looks to shift focus to low carbon investments.