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Oil refinery news

Murban Futures contracts commence trading

The Abu Dhabi National Oil Co. (ADNOC) and Intercontinental Exchange (ICE) celebrates the start of trading of the United Arab Emirate’s (UAE) flagship crude oil, Murban.

 

Petrobras approves sale of RLAM refinery

Petrobras has approved the sale of its Landulpho Alves refinery (RLAM) in São Francisco do Conde, Bahia, Brazil, and its associated logistical assets for Mubadala Capital for the amount of US$1.65 billion.

 
 
 
 
 
 
 
 

Deep freeze shuts refineries in US Gulf

Unusually harsh weather for the US southern states has knocked out more than 3 million bpd of refining capacity in the US Gulf, according to Reuters calculations.