Gasoline
KNOC to focus on energy security, push cleaner fuels goal
KNOC is looking to secure more oil and gas, while stepping up energy transition efforts to become carbon neutral by 2030.
Phillips 66 taps FreeWire Technologies to support its first EV charging program in U.S.
Phillips 66 signed a letter of intent with FreeWire Technologies in support of its first electric-vehicle charging program in the United States, the two companies announced.
Wärtsilä opens world-leading sustainable technology hub to accelerate marine and energy decarbonization
The new center will contribute to efforts to advance the global decarbonization of marine and energy by fostering innovation, collaboration, and the development of green technologies using sustainable fuels and digital technologies.
Worley wins contract for Alfanar’s Lighthouse Green Fuels project in North East of England
Worley has been awarded a FEED services contract by Alfanar for a low-carbon fuels project in Teesside, United Kingdom.
Topsoe technology to support Cresta’s renewable diesel and SAF production in Canada
Cresta has chosen Topsoe’s HydroFlex solution for revamping the Braya Renewable Fuels refinery in Newfoundland, Canada.
The downstream rundown: In case you missed it
In case you missed any downstream news, this piece will give you a summary of some of the top stories from last week.
ExxonMobil to grow shareholder value by meeting need for energy, essential products and lower-emissions solutions
ExxonMobil said it plans to grow shareholder value by delivering solutions that help meet the global need for energy and for lower greenhouse gas emissions to address climate change.
EIA: Growing octane needs widen price spread between premium, regular gasoline
In late 2016, the difference between US average retail prices for premium and regular gasoline reached 50 cents/gal. This price spread has been generally expanding since 2000, and the rate at which the spread has grown has accelerated over the past 3 yr. Many factors on both the supply and demand sides are likely influencing this trend.
EIA: US gasoline prices increased in 2017
US regular retail gasoline prices averaged $2.41/gal in 2017, 27 cents/gal (13%) higher than in 2016, but two cents/gal less than in 2015.
Singapore fuel oil stocks drop despite shrinking exports
SINGAPORE (Reuters) — Singapore weekly onshore fuel oil inventories fell 10%, or 2.462 MMbbl (about 367 Mt), to a two-week low of 22.728 MMbbl (3.392 MMt) in the week ended Jan. 3, data from International Enterprise (IE) Singapore showed on Thursday.
- Consortium launches study to create a consolidated hub for recycled plastics 5/22
- Eni strengthens its global LNG strategy with long-term supply agreements in Indonesia 5/22
- Breakthrough shows how electricity could replace heat to turn CO₂ into useful chemicals 5/22
- bp's Whiting Refinery offers revised proposal to union in ongoing talks 5/22
- Plains oil pipeline partly shut down after rupture in East Los Angeles (U.S.), could disrupt supplies to refineries 5/22
- Vitol moves to open Mexico fuel terminal years after bribery scandal 5/22
