Gasoline
US September oil demand up 2.5% from 2010 - API
At 19.9 million bpd, total US petroleum deliveries (a measure of demand) rose 2.5% in September compared with September a year ago, according to figures released on Friday from the American Petroleum Institute (API). While motor gasoline demand was up only slightly by 0.3%, distillate demand reached a record for the month, the trade group said.
Axens technology picked for Saudi Aramco refinery
Axens' technologies have been selected by Saudi Aramco for use in its Jazan refinery and terminal project, the company said on Friday. The refinery, scheduled to be commissioned in December 2016, will have a capacity of 400,000 bpd.
US petroleum demand rose slightly in August - API
Total US petroleum deliveries, used to measure demand, rose slightly in August to 19.7 million bpd compared with August a year ago, with demand for gasoline and distillates moving in opposite directions, according to the American Petroleum Institute (API).
Berkshire Hathaway closes on $9.7bn Lubrizol deal
Berkshire Hathaway has officially completed its acquisition of US-based specialty chemicals firm Lubrizol for $135/ share in an all-cash transaction. The transaction, having been overwhelmingly approved by Lubrizol shareholders and having met all US and non-US regulatory filing requirements, is valued at approximately $9.7 billion, including approximately $0.7 billion in net debt.
Plains expands capacity of Texas crude pipeline
Plains All American Pipeline said on Thursday that it recently increased the available throughput capacity of its 80-mile Mesa pipeline system in Texas by 100,000 bpd to approximately 420,000 bpd overall.
US petroleum demand increased in June - API data
Total US petroleum deliveries in June were up on both a year-on-year and month-on-month basis, according to information released Friday from the American Petroleum Institute (API). Moreover, deliveries were up 1.9% for the first six months of 2011 over the same period in 2010.
NPRA asks US EPA to cut Renewable Fuel Standard
The National Petrochemical & Refiners Association (NPRA) is asking the US Environmental Protection Agency (EPA) to reduce mandated volumes of cellulosic and advanced biofuels in gasoline and the total Renewable Fuel Standard this year.
Natural gas company Chesapeake seeks to reduce US dependence on OPEC oil
In an effort to help break what it described as a 38-year stranglehold by OPEC on the US economy, Chesapeake Energy unveiled a plan that it says offers a scalable and affordable pathway toward a transportation future that runs on domestic supplies of natural gas and oil from deep shale and other unconventional formations.
Marathon finalizes spinoff of downstream business
Marathon Oil has completed the spin-off of its downstream business, making Marathon Oil an independent upstream company and Marathon Petroleum the fifth-largest US crude oil refiner, the companies said on Friday.
July 4 travel likely to fall in US amid high fuel costs, reducing gasoline demand
The American Automobile Association (AAA) forecasts 39 million Americans will travel 50 miles or more from home during the Independence Day holiday weekend, a 2.5% decline from the 40 million people who traveled a year ago.
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