ExxonMobil lets contract for Beaumont refinery

ExxonMobil Corp. has let a contract to a division of Bechtel Corp. for work related to a recently announced project designed to expand production of ultralow-sulfur fuels at its 345,000-b/d refinery in Beaumont, Tex. Source: News


EIA: US crude inventories rose 1.7 million bbl last week

US commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, increased 1.7 million bbl during the week ended July 22 from the previous week’s total, according to the US Energy Information Administration’s Petroleum Status Report. Source: News


MARKET WATCH: NYMEX oil prices decline but Brent breaks losing streak

Light, sweet crude oil prices fell to a 3-month low on the New York market July 26 on what traders and analysts called oversupply concerns. The US benchmark crude price has fallen in six of seven trading sessions but the front-month Brent crude oil price rose slightly July 26, snapping a three-session losing streak. […]


Tupras commissions unit at Izmit refinery

Turkish Petroleum Refineries Corp. (Tupras) has let a contract to Honeywell UOP LLC, a subsidiary of Honeywell International Inc., for a new hydrocracking unit designed to boost diesel production at its 11 million-tonne/year Izmit refinery in Turkey’s northwestern province of Kocaeli. Source: News