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Crude oil

Iran to raise oil exports in March amid more sales to European refiners

Litasco, the trading arm of Russia's Lukoil, Cepsa and Total have become the first buyers in Europe after the lifting of sanctions and lifted trial cargoes in February.

ExxonMobil CEO eyes new acquisitions, forecasts lower capital spending

Exxon's oil and gas production rose 3.2% in 2015, as its downstream refining unit provided some insulation against the impact of falling oil prices on its upstream.

Meet EPA Tier 3 clean fuel regulations through improved blending processes

Emerson Process Management: Truesdale, P.  |  Carugo, M.

This article will examine the impact of Tier 3 regulations on gasoline blending at refineries and terminals, and illustrate options that can contribute to compliance while keeping costs under control.

Central American nations beef up import infrastructure, fuel production amid demand shift

Contributing Writer: Nogarin, M.
Hydrocarbon Processing Staff: Rhodes, Mike

   Methanex’s methanol facility in Trinidad.

Industry Metrics

Hydrocarbon Processing Staff: Rhodes, Mike

Refinery margins weakened in the US due to lower winter demand.

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.

Italy’s Eni slashes 2016 investment plans after reporting heavy losses

Eni posted a net loss in the quarter of 8.46 billion euros ($9.4 bln) on Friday after booking charges on its stake in oil service company Saipem and chemical unit Versalis.

India boosts purchases of West African crude as new refinery starts up

Traders said the startup of the 300,000-bpd Paradip refinery, which started processing oil early in February, encouraged more bookings from West Africa to India.

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.

Shell unveils changes to leadership, downstream structure in US, Canada

The Athabasca oil sands project and the Scotford upgrader in Canada will join Shell's global downstream organization under downstream director, John Abbott.