Americas
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.
Refining: Refinery investments focus on ultra-low-sulfur gasoline
Mexican oil company Pemex recently announced major refinery improvement projects that will represent a total investment of $23 B over the next three years.
Industry Metrics
US refinery utilization rates have increased in some areas following the peak of maintenance season.
Secure the best benefits from C4 hydrocarbon processing—Part 1: Separation sequences
Crude C<sub>4</sub> streams from the steam cracker unit or the fluidized catalytic cracker unit contain valuable hydrocarbons, such as butadiene and C<sub>4</sub> olefins.
Global Project Data
According to <i>Hydrocarbon Processing’s </i> Construction Boxscore Database, there were nearly 90 new project announcements from January 2015 to June 2015.
A new solution to the challenges of crude selection and scheduling
The state-of-the-art approach to solving the crude selection and scheduling problem is to separate the two challenges.
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.
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- TES and CPC Finland to develop 500-MW e-NG project in Finland 6/26
- Vietnam says its refineries not yet affected by Middle East tensions 6/26
- PureFive™ resin advances toward qualification with Procter & Gamble brands 6/26
- Gulf Energy Information and CompareNetworks announce strategic media partnership to elevate pharma and lab content at ChemE Show 2026 6/26
- Update: Brazil raises biofuel levels, sees gasoline self-sufficiency 6/26
