Japan’s Marifu refinery due feasibility study

JXTG Holdings Inc. subsidiary JXTG Nippon Oil & Energy Corp. has signed a memorandum of understanding with Vietnam National Petroleum Group (Petrolimex) to investigate the possibility of establishing a joint venture company to operate JXTG Nippon O&E’s existing 127,000-b/d Marifu refinery in Iwakuni, Japan. Source: News


Federal bankruptcy court approves biofuel quota relief for PES

A federal bankruptcy court in Delaware approved an agreement in which the US Department of Justice and Environmental Protection Agency relieved Philadelphia Energy Solutions Refining & Marketing LLC of some of its federal biofuel quota obligations from 2016 through this year’s first quarter to keep PES’s two refineries open and operating. Source: News


MARKET WATCH: NYMEX crude oil price holds above $63/bbl

The light, sweet crude oil price for May declined slightly on the New York market Apr. 4 as traders and analysts monitored ongoing US-Chinese trade tensions, but crude prices started gaining upward momentum after a weekly government report showed US crude supplies fell. Source: News