Americas
Cruel summer for US refiners as margins tank
Summer driving season is in full swing and American motorists are filling their tanks at a healthy clip, but that is not swelling the profit margins as much as usual at US independent oil refiners.
Delta cuts output at Philadelphia-area refinery
Delta Air Lines has cut production rates by roughly 16% at its Philadelphia-area refinery as refining margins have fallen below their ten-year average for this time of year.
Shell seeks $2 B from Aramco in Motiva JV breakup
Royal Dutch Shell has asked Saudi Aramco for up to $2 B as part of the breakup of their giant Motiva Enterprises refining joint venture in the United States.
Venezuela Amuay refinery ups output, restarts distillation unit
Venezuela's Amuay refinery has restarted a distillation unit and is now processing 350 Mbpd.
PBF takes over Los Angeles-area Exxon refinery
US refiner PBF Energy took ownership on Friday of a Los Angeles-area refinery purchased from Exxon Mobil Corp for $537.5 M, clearing the way for it to focus on further North American acquisitions.
US crude stockpiles fall, gasoline builds as refiners boost output
US crude oil stockpiles fell sharply last week and gasoline inventories posted an unseasonably surprise large build as refineries ramped up production.
California probes oil refiners for gas price manipulation
California has issued subpoenas to Valero Energy Corp. and Chevron Corp. as part of a probe into whether oil refiners in the state have manipulated gasoline prices since 2014.
US Energy Secretary believes oil supply and demand should be in balance by 2017
The global oil market should see supply and demand in balance by 2017 though it will remain structurally well-supplied for the next couple of years, US Energy Secretary Ernest Moniz said.
EIA: China diesel exports grow as refining industry, economy change
China is reforming its refining sector by liberalizing import and export restrictions on crude oil and petroleum products, allowing for increased competition in the domestic transportation fuels market.
GlobalData: Planned projects poised to raise global propylene capacity levels
China and the US are the primary drivers for expanded global capacity that is estimated to increase to almost 130 MMtpy by 2020.
- thyssenkrupp Uhde to build a low-emission polyester plant for KÖKSAN in Turkey 4/9
- Southern Energy Renewables and Axens Sign MoU to advance SAF projects in Louisiana and beyond 4/8
- One of the largest heat pumps in the world has reached BASF's Ludwigshafen site 4/8
- LANXESS introduces surcharge for Lewatit ion exchange resins 4/8
- HyOrc secures industrial site and accelerated permitting path for Portugal green methanol project 4/8
- India raises HPCL Rajasthan Refinery project cost to $8.6 B 4/8
