Americas
Hedge funds turn strongly bullish on oil markets
Signs of financial distress across much of the oil industry, coupled with data showing production outside OPEC falling, continued market chatter about an agreement among producers, and evidence of strong demand for gasoline, have allowed hedge funds to construct a more bullish narrative.
US regulators eye increase to truck fuel efficiency
The decision by the US National Highway Traffic Safety Administration (NHTSA) and Environmental Protection Agency to consider additional public comments through April 1 comes amid a sharp slump in US large truck sales that has sparked thousands of layoffs.
Dow Chemical: New PDH plant in Texas passes performance testing
The passing of the test certifies that the unit is operating at full capacity, and is meeting the Honeywell UOP Oleflex performance guarantee, according to Dow officials.
Linde, Elliott Group align on small, mid-scale LNG
The parties have developed a standardized and modularized concept for the main refrigerant cycle compression section of Linde's StarLNG plants, ranging from 0.2 MMtpy to 1.3 MMtpy.
Phillips 66 reports emissions, plant repairs at Borger refinery in Texas
"The line going to Unit 34's SRU [sulfur recovery unit] incinerator is partially plugged with sulfur," Phillips 66 said in a filing to the Texas Commission on Environmental Quality. The company said that sections of that line will be heated in an effort to melt out the sulfur.
Petrobras confirms explosion at Texas refinery as worker suffers burns
The explosion caused extensive damage to a 35,000 bpd light cycle oil hydrotreater, also called a hydrogen desulfurization unit, which uses hydrogen to convert the oil into diesel and remove sulfur.
European refiners increasingly turn to light US oil
Many European refiners face the problem of not having run a US crude through their systems in living memory and, as such, are wary of doing so, even though the numbers might make economic sense.
Air Products breaks ground on world-scale steam methane reformer in Texas
The SMR will produce hydrogen and carbon monoxide to be supplied to customers linked to Air Products’ Gulf Coast Hydrogen and CO Pipeline networks. The new unit will begin operations in 2018.
Low oil plays uneven role in global gasoline prices
All countries have access to the same oil prices on international markets, but retail gasoline prices vary wildly, largely because of the taxes and subsidies imposed on them.
Rising US refinery runs lend support to oil prices
Analysts said that the minimal price movement on Thursday was due to bullish and bearish fundamentals offsetting each other.
- thyssenkrupp Uhde to build a low-emission polyester plant for KÖKSAN in Turkey 4/9
- Honeywell to supply digital process and automation technologies to the Dangote refinery 4/9
- Technip Energies awarded contract for Long Son Petrochemicals enhancement project in Vietnam 4/9
- Japan weighs new release of about 20 days' worth of oil from reserves 4/9
- Germany probes Klesch's planned purchase of bp refinery 4/9
- Southern Energy Renewables and Axens Sign MoU to advance SAF projects in Louisiana and beyond 4/8
