Crude oil
US oil, gasoline demand slips to near four-year low
Total petroleum demand for the year to date was down 2.3%, according to the API. Gasoline demand fell more, down 2.2% from June and down 3.8% from July a year ago to hit the lowest July level since 1997. Despite weakening demand, refinery production remained strong.
Canada newspaper owner proposes $13bn refinery
David Black, owner of the British Columbia community newspaper chain Black Press, said the refinery built near Kitimat would process crude oil from Enbridge’s Northern Gateway pipeline into refined products, including gasoline, diesel and aviation fuel. The refinery would process 550,000 bpd of oil.
India oil product demand to slow in months ahead
The EIA's monthly forecast is broadly in line with domestic projections. Summer energy demand recently peaked, and it will likely fall off over the next few months, barring unforeseen contingencies. The government has announced plans for $1 trillion in infrastructure investments over the next five years.
EIA raises 2012 price forecasts for crude oil, fuels
The Energy Information Administration projected the price of West Texas Intermediate crude, the US benchmark, will average $93.90/bbl in 2012, up from $92.83/bbl predicted in July. Retail gasoline prices were forecast to average $3.53/gal this year, up from $3.49/gal in the July estimate.
CNPC to resume Hohhot refinery operations after year-long shutdown
The China refinery has been shut since August 2011 to make way for a new crude distillation unit, fluid catalytic cracking unit and polypropylene unit. It will now be able to produce 1.7 million tons of gasoline, 2.1 million tons of diesel, 200,000 tons of jet fuel and 150,000 tons of polypropylene.
Canadian energy regulator to audit pipeline safety practices of Enbridge
Canada's National Energy Board is reviewing the Calgary pipeline company's management practices and safety record. The audits come after the US National Transportation Board released last month a report critical of Enbridge's handling of a 2010 crude oil spill in Marshall, Michigan.
HP Insight: How long is an economic cycle for the HPI?
As summer takes hold in the Northern Hemisphere, demand for energy in various forms increases. In looking back over the past 90 years, energy demand and pricing cycle through high and low points. In 2..
HP Impact: Comparing land use impacts for petroleum and biofuels
The biofuels industry claims its fuel is unfairly singled out by potential regulatory policies that focus on greenhouse gas (GHG) emissions associated with land use change. It argues that petroleum al..
US bars Enbridge from Wisconsin pipeline restart
The U.S Department of Transportation issued a corrective order against Enbridge for the Wisconsin spill, saying the Calgary energy infrastructure company must conduct new tests on the integrity of the pipeline as well as bring in an independent expert to investigate the company's pipeline maintenance plan.
TransCanada wins final permit to build Gulf leg of Keystone XL pipeline
With the extension, the company says Gulf Coast refiners can access cheaper domestic production and avoid paying a premium to foreign producers, thereby reducing costs.
- thyssenkrupp Uhde to build a low-emission polyester plant for KÖKSAN in Turkey 4/9
- Honeywell to supply digital process and automation technologies to the Dangote refinery 4/9
- Technip Energies awarded contract for Long Son Petrochemicals enhancement project in Vietnam 4/9
- Digital Exclusive: How oil and gas operators can strengthen OT security in 2026 4/9
- Japan weighs new release of about 20 days' worth of oil from reserves 4/9
- Germany probes Klesch's planned purchase of bp refinery 4/9
