Refining
UAE to raise gasoline, diesel costs in May
The price of a liter of octane 95 gasoline will rise to 1.67 dirhams (46 US cents) at the start of next month from 1.51 dirhams. The domestic diesel price will increase to 1.60 dirhams from 1.56 dirhams.
US refiner Marathon Petroleum sees lower profit on weak crack spreads
Refiners have seen their margins shrink due to the narrowing price difference between US crude and globally traded Brent futures, to which the price of refined products are tied.
PDVSA launches tenders as Venezuelan refineries face operating woes
While Amuay's fluid catalytic cracker (FCC) restarted on Monday, the 645,000-bpd refinery was operating at only around 360,000 bpd as its flexicoker remained down. Meanwhile, The adjacent 310,000 bpd Cardon facility was processing around 110,000 bpd.
Oil hits 2016 high as US gasoline margins soar
Crude markets got off to a rousing start in the New York session as gasoline futures and gasoline refinery margins both surged from refinery outages, Venezuela buying and a reported drop in inventories.
Phillips 66 shuts key crude unit at Illinois refinery after power outage
Phillips 66 shut down a 64,000-bpd crude unit and an associated vacuum distillation unit and coker at the Illinois refinery on Tuesday after heavy storms knocked out power to the western portion of the plant, a source familiar with the plant's operations said.
Lower US refining production adds to crude build
Refinery crude runs fell 257,000 bpd, EIA data showed, while US refinery utilization rates dropped 1.3 percentage points to 88.1% of capacity, according to the data.
Total beats profit forecasts on strong performance in refining, chemicals
Total said in its downstream segment, although refining margins were down compared with 2015, the business had held up well and remained strong at the beginning of the second quarter.
Saudi Aramco mulls proposals to invest in Indian downstream projects
India's oil minister met earlier this month with Saudi Aramco chairman Khalid al-Falih and sought Saudi investment in a planned 1.2-MMbpd refinery on India's west coast, the expansion of the Bina refinery and a petrochemical plant at Dahej.
Amec Foster Wheeler wins FEED to modernize major SOCAR refinery
The contract, awarded by the State Oil Company of Azerbaijan (SOCAR), is part of a major investment to increase the refinery’s capacity and improve the quality of the fuel produced.
Brazilian fuel sales show year-on-year decline
C-grade gasoline sales rose to 23,440 bbl from 21,400 bbl in March 2015, while diesel sales fell to 29,840 bbl in March from 31,540 bbl a year earlier, according to petroleum regulator ANP.
- Transition Industries signs agreements for the Pacifico Mexinol Project, an ultra-low carbon chemical production facility 7/3
- Bangkok Airways introduces SAF on commercial flights 7/3
- EcoCeres secures SAF contract with British Airways to help reduce carbon emissions 7/3
- Air Liquide to invest up to $200 MM in Louisiana, U.S. to support industrial growth 7/3
- MOL completes the acquisition of LBC Tank Terminals 7/3
- BHP awards charter contracts for two ammonia dual-fueled vessels 7/3
