Skip to main content

Refining

 
 
 
 
 

US oil price turns negative

On Monday 20 April, US oil prices turned negative for the first time in history as crude storage space filled up.

 
 

Total revises CAPEX guidance

GlobalData has reported on Total’s decision to revise CAPEX guidance in the wake of a drop in oil prices.

 
 
 
 
 
 

Shell sets net-zero target

Shell has unveiled plans to become a net-zero emissions business by 2050 or sooner.

 

US crude stock builds break records

Rystad Energy has reported that US crude stock builds have broken records as refinery runs are forecast to fall by 3.8 million bpd.