Americas
IEA: Oil prices have bottomed, but no sharp rise
The price rally will be capped in the medium term by a potential increase in the US shale oil production once a rise in oil prices makes it profitable again.
US chemical activity barometer slips in February
The Chemical Activity Barometer has four primary components, each consisting of a variety of indicators: 1) production; 2) equity prices; 3) product prices; and 4) inventories and other indicators.
Pemex worker dies from petrochemical plant fire
In a statement, Pemex said Jaime Cisneros was badly burned by the fire, which took place in the incinerator area of Petroquimica Mexicana de Vinilo (PMV) in the Gulf state of Veracruz.
US bulk chemical exports to rise in 2016, beyond as new projects start
Recent additions have resulted in a 10-millon ton increase in bulk liquid chemicals in the last year, and by 2025, US bulk liquid chemical additions will expand by over 25 million tons, the report finds.
El Nino’s end offers hope for distillate fuel markets
Global oil refiners struggling with enormous stocks of distillate fuel oil as a result of a warm winter and the slowdown in world trade should benefit as the El Nino pattern fades.
Crude prices rise to seven-week high amid strong US gasoline demand
Strong gasoline demand in the US, and an upward revision to the country's economic growth for the fourth quarter, helped boost expectations of oil consumption.
Dow Chemical settles price-fixing case after Justice Scalia’s death
Dow agreed to pay $835 million to settle a price-fixing lawsuit, saying it had less chance to win its petition at the US Supreme Court after the death of Justice Antonin Scalia.
US refiners lose control of distillate stockpiles
US refineries have operated to maximize gasoline production, but in the process created an enormous and growing oversupply of distillate.
IHS CERAWeek: Global refiners expect margins to drop from 2015 levels
This year, the IEA has said it expects demand growth of 1.2 million bpd, down from last year's unusually high rate, as the global economy slows and new car purchases decline.
Fluor opens craft training center on US Gulf Coast
The new training center supplements Fluor’s ongoing investments in craft workforce development. Fluor currently provides no cost, after-hours training at many of its jobsites.
- Refinery closures may lead to higher gasoline prices on the U.S. West Coast 7/9
- INNIO Group, Gföllner Group establish JV, offering power solutions to the U.S. market 7/9
- Using lightning to make ammonia out of thin air 7/9
- bp sells 300 Dutch petrol stations to Catom 7/9
- U.S. crude stockpiles increase, gasoline falls on July 4 driving demand 7/9
- Nigeria's Dangote refinery plans 1.6-MMbbl fuel storage tanks in Namibia 7/9
