Refining
High gasoline demand leaves US refiners with surplus of distillates
To meet gasoline demand from motorists, refiners have to process increased volumes of crude, leaving them with unwanted stocks of hard-to-sell distillates and other products.
China’s middle distillate exports set for sharp rise
It would certainly appear that the conditions for a sharp rise in exports of gasoil, the refinery term for middle distillate fuels diesel and kerosene, are in place.
Nigeria holds talks with Chevron, Total and Eni to revamp refineries
The West African nation has been trying to restart its outdated refineries in Port Harcourt, Warri and Kaduna to end its dependency on costly fuel imports.
US gasoline, distillate stocks fall as run rates rise
Refinery crude runs rose by 414,000 bpd and refinery utilization rates rose 2 percentage points to 90.4% of total capacity, the highest rate seasonally since 2005.
Colombia’s Ecopetrol seeks $2 billion from CB&I over refinery costs
Ecopetrol has said bad management at CB&I increased spending on the project by $4 billion, or double the original price tag. Ecopetrol filed the suit before the International Chamber of Commerce.
US, Indian gasoline demand boosts outlook for oil
Hedge funds have turned very bullish about the outlook for oil prices based on indicators showing strong gasoline demand in the US and India.
US investigates Brazil’s Odebrecht, Braskem over naphtha contracts
Local daily Valor Economico said the Justice Department was focusing its investigation on whether the companies violated the Foreign Corrupt Practices Act in naphtha supply contracts.
Iran’s lack of storage access limits oil exports to European refiners
Some 45-50 million barrels of Iran's oil are estimated to be held in tankers at sea, barely changed from the amounts thought to be in floating storage before sanctions were lifted at the start of the year.
Morocco’s refiner Samir appeals liquidation ruling
Samir, controlled by Corral Petroleum, halted production last August due to financial difficulties. "We had 10 days to file an appeal and we finally did it on Thursday," Samir's lawyer said.
Meridian Energy applies for permits to build new North Dakota refinery
The proposed Davis refinery in North Dakota will be the first “greenfield” complex high-conversion refinery built in many years, according to company officials.
- 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
