Economics
Egypt studies 8 state-owned oil companies for IPO or share
Egypt's Ministry of Investment will assess eight state-owned petroleum companies for their suitability for a possible listing on the Egyptian Stock Exchange.
Business Trends: The state of the global downstream construction sector
Capital-intensive investments are being made in every sector of the hydrocarbon processing industry, in every region.<br>
Oil falls as oversupply weighs
Oil prices fell, reversing earlier gains, as increases in OPEC production and US oil rig additions continued to weigh on the market.
Phillips 66 says refiners to cut production as margins shrink
Phillips 66 seconded rival Valero Energy Corp.’s statement that refiners are expected to process less crude in the second half of the year as margins shrink due to a gasoline glut.
Column: La Nina set to boost US winter heating oil demand
Refiners are hoping distillate will get a further boost from a pick-up in freight movements and a colder winter in 2016/17.
Wholesale California gasoline prices plunge, consumers still pay up
Wholesale gasoline in California became the cheapest in the country this week, but that change has largely gone unseen at the pump, where consumers still pay the highest prices in the continental United States to fill up their cars.
Oil rally to resume later this year, demand to offset glut
Oil analysts still expect a rise in the crude price this year, thanks to improving demand growth that should help offset any bearish headwinds from a stubborn supply surplus.
Brazil's Petrobras in talks to sell petrochemical assets to Mexico's Alpek
Petrobras is in exclusive talks for 60 days with Mexico's Alpek over the potential sale of PetroquimicaSuape and Citepe assets in Brazil's northeast.
Oil steadies just above three-month lows on oversupply
Oil prices steadied just above three-month lows as producers continued to pump more than needed, filling inventories, and economic growth prospects darkened.
Oil falls towards $44, lowest since May, on glut worries
Oil hit its lowest since May, falling towards $44/bl, pressured by concerns that a long-awaited rebalancing of the market would be delayed due to excess supply.
- SIBUR produces test batch of first hexane plant in Russia 8/28
- Universal Fuel Technologies’ SAF accepted into ASTM Clearinghouse for qualification 8/28
- Honeywell technology to fuel Syzygy Plasmonics' SAF project 8/28
- Sinopec wins engineering contract for Saudi Arabian green hydrogen/ammonia project 8/28
- Russia's idle oil refining capacity record high after Ukrainian drone attacks 8/28
- Brazil approves temporary antidumping measures against Canadian, U.S. polyethylene resins 8/28
