Gasoline
Egypt plans to end fuel subsidies within three years
Egypt plans to end fuel subsidies within three years and is aiming to increase fuel prices to 65% of their actual cost during the 2016/17 fiscal year.
Flint Hills Resources to construct $20 M fuel terminal expansion
Flint Hills Resources will begin construction on a $20 M expansion of its Waupun, Wisconsin fuel terminal.
Industry Metrics
Asia refining margins fell despite strong regional demand.
Wholesale California gasoline prices plunge, consumers still pay up
Wholesale gasoline in California became the cheapest in the country this week, but that change has largely gone unseen at the pump, where consumers still pay the highest prices in the continental United States to fill up their cars.
Industry Metrics
The impact of Canadian and French refinery outages caused margins to fall slightly in the Atlantic Basin and Europe, despite stronger gasoline demand and higher inventories.
Global: Meeting Africa’s demand for oil products
Demand for refined oil products is expected to continue growing in Africa, both in the short and medium terms. However, the continent’s refining capacity is unlikely to keep pace as commercial risks threaten to hold back planned new refineries and the expansion of existing facilities.
Industry Metrics
US refinery utilization rates have increased in some areas following the peak of maintenance season.
Business Trends: Will India be Asia’s next downstream powerhouse?
The Asia-Pacific region dominates in the total number of active projects in all sectors of the downstream hydrocarbon processing industry. Just as China has seen unprecedented growth over the past decade, India is emerging as the globe’s new oil demand center.
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.
Fuel shortage disrupts domestic flights in Nigeria
Fuel shortages have caused an increase in cancellations and delays to internal flights in Nigeria over the last few days, a spokesman for the aviation authority said this week.
- U.S. EIA forecasts new export licensing requirements will reduce U.S. ethane exports 6/18
- Nigeria to export first gasoline cargo to Asia from Dangote refinery 6/18
- Indian refiners cancel palm oil orders for July-September as prices surge 6/18
- U.S. set to object to green jet fuel recommendation at UN aviation council 6/18
- Phoenix Contact introduces intrinsic safety versions of the MINI Analog Pro Ex conditioners for hazardous areas 6/18
- EIA: U.S. crude inventories fall by most in a year, fuel stocks build 6/18
