Refining
Iran begins ramping up crude oil shipments to Mediterranean refiners
Iran has lowered its prices to refineries along the Mediterranean Sea in an effort to compete with rivals, which had moved to grab Iran's market share when it was driven out of Europe.
US refiners eye gasoline demand after winter lull
The biggest question facing refiners as well as traders is whether gasoline consumption will continue to grow rapidly in the rest of 2016 or show more modest gains.
Crude market pressured by widespread production cuts from US refiners
At least five refiners -- including two of the country's largest -- have voluntarily cut output of gasoline and distillate in the most widespread cuts since the global financial crisis. Those moves may deepen crude's prolonged rout as storage tanks at Cushing, Oklahoma, near capacity.
US refiner Valero joins lawsuits against EPA over biofuels blending plan
The country's top refiner and No. 3 ethanol producer filed a challenge with the US Court of Appeals in Washington to review the EPA's latest Renewable Fuel Standard plans for 2014-2016.
Downstream strength enables France’s Total to exceed expectations
The company saw high margins in refining and chemicals and a strong performance in its retail and lubricant businesses. Total fared better than many peers in the quarter, as its extensive downstream business benefited from weak oil prices.
AFPM files legal challenge to US biofuel mandate
AFPM said the petition to the US Court of Appeals is targeting the Environmental Protection Agency's rule-making around the Renewable Fuels Standards from 2014-2016.
Flint Hills to license Edeniq’s ethanol technology
Edeniq’s Pathway Technology integrates Edeniq’s Cellunator high-shear equipment with cellulase enzymes to convert corn kernel fiber to cellulosic ethanol. The technology utilizes existing fermentation and distillation equipment to produce up to 2.5% cellulosic ethanol and a 7% increase in overall ethanol yield.
Iran, Brazil begin talks on Iranian investment in Brazilian refineries
Iran, which is boosting oil output after the end of sanctions over its nuclear program, is interested in exporting oil to Brazil and processing that crude at refineries in Brazil's northeastern region.
Oil, gasoline prices fall as US cuts demand outlook
Prices were under pressure throughout the session, but hit intraday lows after the US Energy Information Administration (EIA) lowered its oil demand growth forecast for the next two years.
US gasoline, distillate fuel inventories rise: EIA
Gasoline stocks rose 1.3 million bbl to a new record high of 255.7 million bbl, compared with analysts' expectations for a 417,000-bbl gain. Distillate stockpiles, which include diesel and heating oil, rose by 1.3 million bbl, versus expectations for a 1.6 million bbl drop, the EIA data showed.
- Trafigura to use Babcock's ammonia fuel supply system onboard gas carriers 7/7
- 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
