Crude oil
HP Brief
Air Liquide starts up SMR in La Porte, TexasAir Liquide recently celebrated the formal startup of a new steam methane reformer (SMR) in La Porte, Texas. The 120 million scfd of gaseous hydrogen (H2) p..
HP Impact: E15 ethanol fuel can damage auto engines
Auto repair costs for consumers could rise due to adverse effects of fuel containing 15% ethanol blends (E15), according to new results from a two-year study on engine durability.The study was conduct..
HP Associations: HPI mulls technical innovations at IRPC in Milan, Italy
The third annual International Refining and Petrochemical Conference (IRPC) opened its doors in mid-June, bringing record crowds to Milan, Italy, as leading downstream players shared and debated new h..
HPI major events and trends, 1920s to present
1920s: THE FORMATION OF THE MODERN HPIDuring this period, a new industry was evolving focused on the refining of crude oil into fuels and other products. New demand for crude oil-based products, such ..
US imports of Saudi crude highest since July 2008
US imports of crude oil from Saudi Arabia climbed 45.7% from a year earlier in April to the highest level since July 2008, according to US government data. The rise in US imports from Saudi Arabia came as total crude oil imports from all sources declined in the month amid higher domestic production.
US oil, gas producers redeploy Gulf of Mexico staff as Debby weakens
Oil and gas producers in the US Gulf of Mexico moved to restaff their offshore operations and restart disrupted output Monday, as a weakening Tropical Storm Debby turned toward the western Florida coast. The National Hurricane Center said the storm had maximum sustained winds of 45 miles an hour.
Gazprom makes bid for BP stake in Russia TNK-BP
An arm of Russian state-controlled Gazprom has lodged a bid for BP's $25 billion stake in its venture in the country, The Sunday Times reports. The move will increase pressure on AAR, the group controlled by BP's Russian billionaire partners that owns the other half of TNK-BP, said the newspaper.
Global liquid fuels demand seen rising 0.9%/yr - EIA
Global liquid-fuels demand is expected to rise by 0.9% between 2010 and 2035, to 109.5 million bpd, with the world becoming more reliant on OPEC oil, according to a new US government forecast released on Monday. OPEC's share of world demand will rise to 41.9% in 2035 from 39.7% in 2010.
US fuel demand shows recent improvements - API
Total US petroleum deliveries rose 0.5% in May over the same month last year to 18.5 million bpd, according to monthly data from the American Petroleum Institute (API) trade group. May distillate demand was up 2.0%, though down 1.5% for the first five months. Jet fuel demand rose in May.
Sunoco Logistics unveils new pipeline project for West Texas crude
The initial phase would move 150,000 bpd of Permian oil into the Beaumont, Texas area, by reversing an existing pipeline and using excess capacity available in another line. It could start operating within 6 to 9 months at an initial rate of 90,000 bpd, ramping up to full capacity by mid-to-late 2013.
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