Phillips 66 reports 98% refinery utilisation and higher quarterly earnings
Refining margins supported results while several other businesses recorded lower sequential earnings.
Phillips 66
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HF Sinclair reports higher quarterly earnings as refining margins expand
The company reported US$2.015 billion of attributable net income despite lower crude throughput.
HF Sinclair Corporation via Business Wire
U.S. refinery utilization averaged above 95% from May to September
EIA says the seasonal average was the highest since 1998, amid tight global distillate supplies. Utilization is a capacity ratio; total output reached its highest level since 2019.
U.S. Energy Information Administration
Valero reports strong refining quarter as St. Charles upgrade enters service
The refiner reported Q3 2026 net income of $6.8 billion, near-record refinery utilization and a completed FCC optimization project; earnings measures include company-defined adjustments.
Valero Energy Corporation
House committee calls for stronger crude-supply rules for local refineries
The committee said it was developing Petroleum Industry Act amendments and described import licences as a shortfall measure.
Voice of Nigeria
ENOC reports AED478m cumulative savings from resource-management measures
The Dubai energy group also reported 21.7% higher energy efficiency and 688,785 cubic metres of recycled treated water in 2025.
Emirates News Agency (WAM), citing ENOC Group
Saras announces fuel-price support measure for Sardinia through 31 October
Saras said its measure covers fuel delivered to Sardinia from its Sarroch refinery for road transport, agriculture and fishing, with immediate effect through 31 October; it gave no discount amount.
Saras S.p.A., “Contributo per calmierare il prezzo dei carburanti in Sardegna” (press release)
South Sudan’s Kenya visit to include talks on Lamu refinery project
The president’s office said the two countries would discuss their potential roles in supporting the new refinery project in Lamu.
Office of the President, Republic of South Sudan
Egypt says current fuel prices remain in place as pricing committee has not met
The Petroleum Ministry said the automatic-pricing committee had not convened and circulating new prices were not based on an official decision.
Egyptian Ministry of Petroleum and Mineral Resources
Egypt petroleum board reviews output and product-supply plans
The ministry reports a planning review covering exploration, refining and distribution, without output figures.
Egypt Ministry of Petroleum and Mineral Resources
Alcoa’s conditional Equus gas agreement ties refinery supply to project delivery
The August agreement targets about 50 TJ per day for ten years; early-to-mid-2030s supply depends on approvals and a final investment decision.
Alcoa — 10-year conditional Equus gas sales agreement
Material procurement: delivered cost, usable output and the cash tied up between them
Six dated disclosures connect smelter restarts, power and gas commitments, billet conversion, coal delivery and inventory funding; the quantitative cases below are explicit assumptions.
Glencore — 2026 Half-Year Report
Beyond the wellhead, context.
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