Europe
Oil shrugs off US fuel supply increase
LONDON (Reuters) — Oil rose on Thursday in a sign that investors are wary of pushing the market lower in response to an unexpectedly large rise in US stocks of refined products that has increased concern about the demand outlook.
Poland refiner buys another crude oil shipment from Gulf Coast
WARSAW (Reuters) — Poland’s second-largest oil refiner Grupa Lotos has bought a second crude oil shipment from the United States as part of a plan to reduce its reliance on Russian oil supplies, it said on Wednesday.
Oil edges further above $62, helped by expected fall in US stocks
LONDON (Reuters) — Oil edged further above $62/bbl on Tuesday, supported by strong demand, expectations of a drop in US crude inventories and an OPEC-led deal to extend oil output cuts.
Oil eases 1% on profit-taking as US output eyed
NEW YORK (Reuters) — Oil fell more than 1% on Monday on profit-taking as the market eyed signs of rising US production, though prices remained close to recent 2-yr highs thanks to last week's decision by OPEC and other producers to extend output cuts.
Dark oil: Loophole lets Russian refiners dodge duties
(Reuters) — Two Russian refiners are avoiding export duty on fuel oil and vacuum gas oil by renaming them as an oil product that is exempt from the charge, according to a Reuters analysis of customs and refining data, and four industry sources.
Global Project Data
<i>Hydrocarbon Processing</i>’s Construction Boxscore Database is tracking more than 1,700 active downstream projects around the world.
Business Trends: Propane dehydrogenation technology is transforming the propylene business
Propylene demand has been increasing rapidly in recent years, and traditional processes are struggling to keep up.
Industry Perspectives: New downstream project announcements drop 14% in 2017
According to Hydrocarbon Processing’s Construction Boxscore Database, more than 770 new projects have been announced over the past 3 yr.
Global: Increase in Russian fuel excise tax may hit refinery profitability
The Russian government’s recent decision to raise the excise tax on motor fuel by 1 RUB/l in 2018 may lead to serious losses for the country’s domestic refining industry.
Editorial Comment: Hydrocarbon Processing forecasts $361 B in total HPI spending in 2018
What is the state of the global hydrocarbon processing industry (HPI)?
- SkyNRG starts construction on its first SAF plant in Delfzijl, the Netherlands 2/13
- YPF, Eni and XRG sign joint development agreement advancing 12-MMtpy Argentina LNG project 2/12
- Maire launches new technology to produce PTMEG, the key polymer composing the spandex fiber. 2/12
- Verde Clean Fuels announces suspension of development of Permian Basin gas-to-gasoline project 2/12
- Vietnam's largest refinery to operate at 120%-125% of designed capacity in Q1 2/12
- Indonesia's Medco expansion plans bet on rising energy demand in Southeast Asia 2/12
