Gasoline
Tesoro to expand fuel sales network in Nevada
The region is strategic for Tesoro, as it provides supply flexibility from Tesoro's Los Angeles and Salt Lake City refineries and establishes a platform for the expansion of its ARCO and Mobil brands.
Industry Metrics
Asian margins showed a strong recovery due to higher winter heating fuel demand, supporting middle distillate crack spreads.
Sunoco buys US fuels distributor from Alta East
The business distributes 55 million gal/year of branded and unbranded gasolines, including Sunoco-branded fuels. The transaction also included supply contracts with the dealer-owned and operated sites.
HP Global: Forthcoming tax hike could hamper Russian refining
Russia plans to increase the volume of oil it refined this year, despite Western sanctions and the ever-deteriorating business environment, according to an official spokesperson for Alexander Novak, Russia’s minister of energy.
HP Viewpoint: Interesting times to continue for refiners in 2016
A year ago in this publication, John England and Ashnu Mittal were prescient in their article titled “US shale revolution set to spill over into downstream.”
HP Industry Metrics
Global refinery margins fell due to the expectations of a mild winter and an oversupply environment.
Ensyn wins EPA’s approval on renewable gasoline
RFGasoline, a drop-in gasoline transportation fuel, is created by processing Ensyn's renewable crude (RFO), a liquid cellulosic feedstock for refiners, with customary petroleum feedstocks.
Eni sells Slovenian downstream business to MOL
MOL signed an agreement with Eni relating to the acquisition of Eni’s entire retail network and wholesale activities in Slovenia. Investment terms were not disclosed.
HP Industry Metrics
A sharp drop in the gasoline crack spread following the end of the US driving season and increasing inventories caused refinery margins to fall.
HP Industry Metrics
High US refinery utilization rates have continued, encouraged by strong gasoline demand amid lower crude prices.
- thyssenkrupp Uhde completes pre-FEED for HAMR Energy’s renewable fuels project in Australia 8/21
- Europe distillates-diesel profit margins firm 8/21
- U.S.: Indiana's bp refinery restarts after severe flooding 8/21
- Berlin weighs trusteeship extension for Rosneft's German assets 8/21
- Trump administration to rule on biofuel exemption requests, delay reallocation decision 8/21
- TotalEnergies' Donges refinery fire extinguished 8/21
