Refiners

Refiners' carats There were also two varieties of refiners' carats once used in the United Kingdom — the pound carat and the ounce carat.

According to her, “This trend makes it evident that Nigerian grades are increasingly becoming a significant component in the post-war palette of European refiners.

As demand for materials needed for batteries, solar panels and other components vital for cutting global emissions rises, carbon emissions by miners and refiners will likewise rise unless companies actively work to decarbonize.

Ernst & Young said that it was the work of its staff that identified and reported irregularities, resulting in sanctions and changes to the sourcing of precious metals and the regulation of refiners in Dubai.

India — specifically private sector refiners RIL and Nayara Energy (NEL)–was a regular buyer of Venezuelan crude prior to imposition of US sanctions on Caracas in 2019.

Still, knowing that these predictions actually characterize maintenance decisions made by California refiners would be helpful to public policymakers.

The government levies tax on windfall profits made by oil producers on any price they get above a threshold of USD 75 per barrel The levy on fuel exports is based on cracks or margins that refiners earn on overseas shipments.

The refinery outages, the planned turnaround in the Middle East and India which are home to some of the world's biggest refiners, might also support strong margins.

Traders reported that cash-strapped independent refiners had difficulty obtaining trade finance in dollars when banks outlawed the industry.

Warehouse stores and other big retailers can offer lower prices because they negotiate the best deals with refiners and buy their gasoline in bulk.

Deals picked up in 2022 and 2023, with a few of the independent refiners buying in their MLPs and with buying in their MLPs as well.

India — specifically private sector refiners RIL and Nayara Energy (NEL) — was a regular buyer of Venezuelan crude prior to imposition of US sanctions in 2019.

Nov 28, 2024 (Bloomberg) – China’s independent refiners have snapped up barrels from across the Middle East and Africa as offers of Iranian oil remain scarcer and more expensive than usual, in part due to broadening US sanctions.

Several oil majors, refiners and trading houses have continued to use the Red Sea route, according to an analysis of LSEG data.

The oil dealers also joined in on the call for the provision of crude oil to local refiners, stressing that this would have a positive impact on the prices of refined petroleum products.

The shift in product specification requires refiners to clear inventory and adjust their production schedules prior to the change in the product specification.

The spurt in Venezuelan oil exports to India has come largely at the expense of Chinese refiners.

Under the new rules, NUPRC will act as an intermediary between local refiners and producers when agreements on crude supply are not reached, facilitating a sales purchase agreement using a willing-buyer, willing-seller model.

BEIJING/SINGAPORE — China’s daily crude oil throughput in March hit the lowest level since December 2018 with state refiners maintaining deep output cuts as the coronavirus pandemic eroded fuel demand.

Domestic refiners cited high inventory levels and low demand for petroleum products due to Covid-19 as the key reason behind low processing levels.