Americas
US fuel inventories tumble as refiners cut rates
Gasoline and distillate inventories also dropped more than expected, as refining rates fell, new data from the Energy Information Administration (EIA) showed.
ExxonMobil reports death of contractor in work at Beaumont refinery
The AltairStrickland worker was struck in the head and neck area by piping that was being removed from a heat exchanger, a local sheriff's office spokesperson said.
Oil rally stalls as refining fundamentals weaken
Refining margins have also started to soften, which could be a bad sign for oil demand if they encourage refiners to cut crude processing, according to the analyst.
Mitsubishi Plastics selects Jacobs as engineer on US plant expansion
Under the terms of the agreement, Jacobs is providing engineering services for the $100 million investment, which includes installation of a polyester film production line.
Brazil exports diesel to Europe as patterns reverse
At least two 37,000-ton cargoes of diesel, on the tankers Torm Gunhild and MT Alexandros, have sailed in recent weeks from Brazil to Europe, according to Reuters ship tracking data and traders.
Growing gasoline, diesel glut sparks sharp sell-off in global oil markets
The sell-off came amid warnings that supplies could outpace global demand even during the peak summer driving season that traditionally kicks in at the end of May.
Canadian wildfire could limit oil supply to refiners
The United States imports about 3.5 MMbpd of Canadian crude, which is particularly important for US refiners from Ohio to the Dakotas.
EagleClaw taps UOP Russell technology to recover Permian Basin NGLs
The skid-mounted modular plant will be shipped via semi-trucks to EagleClaw’s East Toyah plant from Honeywell UOP’s manufacturing facility in Tulsa, Oklahoma.
Brazil’s fuel consumption falls as economy shrinks
Brazil became one of the largest and fastest-growing oil consumers in the world, and the country's rapid growth was itself a source of upward pressure on oil prices. But consumption growth began to slow significantly from the middle of 2014 as the price of oil tumbled.
Primus, Tauber Oil sign US methanol offtake deal
Tauber Oil will offtake all methanol produced by the Primus Green Energy plant -- utilizing low-cost Marcellus gas feedstock -- to market, sell and distribute into the regional market.
- Chevron Technology Ventures' Catalyst program selects RapiCure 7/15
- GEA promotes more sustainable refinery processes with energy-efficient high-performance decanters 7/15
- China taps deeper into oil inventories despite biggest drop in refining on record 7/15
- China's Sinopec establishes four business units in major overhaul 7/15
- Japan refiners to diversify crude sources, explore support for Hormuz bypass routes 7/15
- Topsoe and Sasol bring advanced SAF technology to Allied Biofuel’s landmark project in Uzbekistan 7/14
