Gasoline
HP Impact: Global oil flows shift from West to East
By 2020, crude oil trade flows west of Suez will drop by 4.2 MM bpd, while crude flows east of Suez will rise by 4.7 MM bpd (Fig. 1), according to a recently published report from ESAI Energy. The pri..
Chinese drivers pushing up gasoline consumption as diesel use plateaus
Gasoline is gaining market share as more Chinese buy private vehicles, which mostly run on gasoline. Diesel-fueled cars are a rarity in China, as government policy has often discouraged diesel use for private transportation. Gasoline consumption growth has gradually eclipsed diesel's in recent years.
US monthly oil demand nudges up; gasoline down
Despite the modest rise of about 100,000 bpd, demand was the second lowest in March since 1997, the API said. Demand for gasoline, the most widely used petroleum product in the country, fell 2.3% in March to a 13-year low of 8.4 million bpd. First-quarter gasoline use was off 1.7% from a year earlier.
Shell mulls sale of downstream businesses in Italy
The potential sale is consistent with Shell’s strategy to concentrate its global downstream businesses where it can be most competitive, according to company officials. Recent examples include the sale of refineries in the UK and Germany and downstream businesses in Finland and Sweden.
Valero sees costs outweighing benefits for new US gasoline pollution rules
Valero spokesman Bill Day said the company expects to spend $300 million to $400 million building new equipment to remove sulfur from gasoline and to expand existing facilities. He said the company expects to incur additional operating costs each year, and those have yet to be determined.
Evaluate challenges in meeting clean-fuel specifications with heavier crude
At a Saudi Aramco refinery, a revamp was planned for processing a different crude oil blend to meet Euro 5 diesel and gasoline specifications. The refinery, which processes semi-light crude oil, is sc..
Gasoline prices fall on high supply, lower crude
US pump prices for gasoline are dropping as refiners are boosting production and crude-oil prices are down from a year earlier, according to domestic travel group AAA.
US refiners decry latest EPA proposal for tougher auto pollution standards
The Environmental Protection Agency is expected to announce the proposal as early as Friday. It is expected to require refiners to reduce the amount of sulfur in gasoline to 10 parts per million, down from the current standard of 30 ppm, people familiar with the issue said.
EIA projects rising US domestic oil production
Projected crude production is expected to average 7.3 million bpd in 2013 and 7.9 million bpd in 2014. EIA expects total consumption to rise slightly over the next two years to an average of 18.7 million bpd.
US lawmakers scrutinize role of ethanol credits in gasoline price spike
The price of credits used by refiners to meet federal ethanol blending requirements has risen more than 1,000% in recent weeks. The heightened volatility in this normally sleepy market has raised concerns that it is a factor in the recent rise in the price of gasoline.
- TotalEnergies extends its fuel price cap policy in France until the end of April 4/7
- Navigating the montan wax challenge with renewable alternatives for polymers 4/7
- AFR selects Axens as technology provider for Texas (U.S.) refinery 4/7
- Iran has attacked Saudi Arabia's Jubail petrochemical complex, IRGC says 4/7
- Iran's Marvdasht Petrochemical complex attacked by US and Israel 4/7
- Fluor awarded engineering and design contract for America First Refining's refinery in South Texas 4/7
