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China’s Oil Imports Could Rise as Newest Refinery Begins Trial Runs

OilPrice

Shandong Yulong Petrochemical, the newest refiner in China, is set to begin trial runs at a 200,000-barrels per day crude processing unit later this month, traders familiar with the facilitys plans told Reuters on Monday, in what could be a boost to Chinese crude oil imports in the coming months.

Refinery 221
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U.S. crude oil inventories decrease by 5.7 million barrels

Oil & Gas 360º

Weekly Crude Oil Storage as of March 7, 2025 U.S. commercial crude oil inventories ( excluding those in the Strategic Petroleum Reserve ) decreased by 5.7 crude oil refinery inputs averaged 15.7 Refineries operated at 86.5% crude oil imports averaged 5.5 million barrels, U.S.

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U.S. crude oil inventories increase by 3.6 million barrels

Oil & Gas 360º

Weekly Crude Oil Storage as of February 28, 2025 U.S. commercial crude oil inventories ( excluding those in the Strategic Petroleum Reserve ) increased by 3.6 crude oil refinery inputs averaged 15.4 Refineries operated at 85.9% crude oil imports averaged 5.8 million barrels, U.S.

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Phillips 66 Plans to Reconfigure Refinery to Produce Renewable Fuels

NGT News

Phillips 66, a diversified energy manufacturing and logistics company, says it plans to reconfigure its San Francisco refinery in Rodeo, Calif., The plant would no longer produce fuels from crude oil but instead would make fuels from used cooking oil, fats, greases and soybean oils. to produce renewable fuels.

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Weak refinery, export demand weakens prices for Midland crude along Texas coast

Oil & Gas 360º

(Investing) –HOUSTON – The price spread between WTI Midland crude in West Texas and Houston has narrowed this year as cold weather hurt Permian production, driving up prices, but weaker refinery and export demand on the U.S. refinery utilization stood at 85.6% crude export volumes also eased 9,000 bpd to 3.88

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From crude oil to chemicals: How refineries can adapt to shifting demand

McKinsey

The energy transition will reduce demand for oil products but increase opportunities to capture the growing demand for petrochemicals.

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USA Will See Least Crude Oil Net Imports in a Year Since 1971 in 2025

Rigzone: News

The EIA noted in its December STEO that a combination of increasing domestic crude oil production and decreasing U.S. refinery runs means reduced net imports of crude oil next year.