Crude oil
China’s private refiners eat into oil glut, but Asian fuel surplus looms
State refiners have already been exporting fuels at record amounts, but a lack of export infrastructure is hampering teapots' efforts despite winning government export permits.
API launches web tool to connect veterans with energy industry jobs
To better understand the long-term employment needs of the industry, a recent study from IHS Global estimates that more than 950,000 job opportunities could be created by 2020 and nearly 1.3 million job opportunities through 2030 across the country in the oil and natural gas industry.
China’s teapot refiners to change dynamics of crude supply, trading
There is little doubt that the granting of increased quotas to smaller, private refineries will increase the amount of crude bought by the world's second-largest importer. But what is less certain is exactly how these new entrants will go about sourcing and delivering the crude they will be able to purchase.
Spanish refiner Cepsa resumes taking Iranian oil
According to Reuters shipping data, Cepsa has chartered the suezmax Monte Toledo, which will load at Iran's Kharg Island for delivery to the Spanish ports of Huelva and Algeciras.
US oil, gasoline inventories swell to record highs
US crude imports rose 647,000 bpd while refinery crude runs fell 24,000 bpd, as utilization rates fell by 0.8 percentage point to 86.6% of capacity.
Troubleshoot operation of a steam ejector vacuum system
A crude vacuum unit operating properly generates high gasoil yield vs. low-value vacuum residue.
Reliability: Combine metallurgical, structural and physics know-how
We recently received an update on the capabilities of a modern professional entity that combines metallurgical, structural and practical applied physics know-how in a US Gulf Coast location
Industry Metrics
US product markets weakened despite unseasonably strong gasoline demand, and the gasoil crack spread hit the lowest level seen in more than five years, under pressure from increasing supplies amid thin demand due to warmer winter weather.
Global Partners cuts workers, scraps crude at Oregon ethanol-rail hub
Global Partners says it is "taking steps" to use the Oregon terminal for ethanol transloading "during this period of headwinds in the crude market." The terminal houses an ethanol plant.
Lukoil to bring Iranian oil to Romanian refinery
The Swiss trader will deliver 1 million bbl of Iranian Light grade to Lukoil's Petrotel refinery in Romania, loading at Iran's Kharg Island terminal on February 5.
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- Update: Venezuela's second largest refinery restarting units after blackout 6/25
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