BP and Shell to reveal lower profits amid decline in oil refining margin
BP (LON:BP) and Shell (LON:SHEL) are next week expected to post lower third-quarter profits than in 2023 against a backdrop of weak oil prices and faltering demand.
oil refining
Grangemouth refinery closure will create ‘significant economic shock’, Swinney
The closure of Scotland’s only oil refinery will create a “significant economic shock”, John Swinney said, as the Scottish and UK governments promised a joint £100 million support package for Grangemouth.
Petroineos confirms Grangemouth will shut in 2025 with loss of 400 jobs
Grangemouth operator Petroineos has confirmed Scotland's only oil refinery will cease operations in the second quarter of 2025, leading to a net loss of 400 jobs.
Glencore replaces Trafigura as supplier of key UK oil refinery
Commodity trader Glencore Plc. will replace its rival Trafigura Group as the supplier of crude oil to a key refinery in the UK.
Exxon on track with UK refinery expansion just as others shut capacity
The bulk of new diesel supply stemming from a $1 billion expansion at the UK’s largest oil refinery operated by Exxon Mobil Corp. (NYSE:XOM) will be available in the first quarter of 2025.
‘Critical’ meeting to discuss future of Grangemouth refinery
Scottish and UK Governments will discuss Grangemouth refinery future
Grangemouth workers set to be offered financial incentives to stay on to 2025
Petroineos to offer enhanced redundancy terms and above inflation pay rise for ‘jobs on a timer’
China’s oil boomtown braces for crackdown from Beijing
The future of China’s vast oil-refining industry may hinge on what government investigators find in the small seaside city of Panjin.