Americas
US gasoline, distillate inventories drop as refiners raise operating rates
Gasoline stocks fell 2.5 MMbbl, compared to forecasts for a 150,000-bbl drop. Distillate stockpiles, which include diesel and heating oil, fell 3.2 MMbbl, versus expectations for a 642,000-bbl drop.
Argentina looks to stop light crude imports, boost domestic refining
Increased refining of domestic light crudes and further investment in the oil sector keep country rolling toward energy independence.
Pemex could give up majority stakes in refineries
Pemex's CFO says the company is seeking partners to operate its money-losing refineries and plans to "dilute" its ownership in the plants.
Arson blamed for 2013 Texas fertilizer plant blast
A call for tighter and more thorough regulations was issued following the deadly blast and ensuing fires.
Chile to begin LNG exports to Argentina this week
Chilean state producer ENAP and Argentine state producer ENARSA have been in negotiations in recent months to seal a deal, after Argentina's new business-friendly President Mauricio Macri indicated he was keen to get fuel flowing between the two.
A.W. Chesterton expands Massachusetts training, services hub
A.W. Chesterton Co., a leading industrial equipment fluid sealing specialist, has expanded its facilities north of Boston with a new state-of-the-art valve emissions testing facility, an expansive industrial training center, and an industrial equipment service location to support regional customers.
US refiners tighten belts as golden era fades
US independent oil refiners are shelving projects and tightening budgets as a global glut of diesel and gasoline erodes their profit, ending a golden era of high refining margins.
US fuel inventories tumble as refiners cut rates
Gasoline and distillate inventories also dropped more than expected, as refining rates fell, new data from the Energy Information Administration (EIA) showed.
ExxonMobil reports death of contractor in work at Beaumont refinery
The AltairStrickland worker was struck in the head and neck area by piping that was being removed from a heat exchanger, a local sheriff's office spokesperson said.
Oil rally stalls as refining fundamentals weaken
Refining margins have also started to soften, which could be a bad sign for oil demand if they encourage refiners to cut crude processing, according to the analyst.
- Chiyoda, AVEVA forge strategic partnership to power plantOS with AVEVA CONNECT 6/27
- SABIC announces closure of Olefins 6 facility in Teesside, UK 6/27
- LyondellBasell's polyolefin technologies selected by SHCCIG Yulin for petrochemicals complex in China 6/27
- hte conducts research for JGC to advance decarbonization by identifying suitable catalysts for ammonia cracking 6/26
- 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
