Gasoline
Brazil to maintain reduced ethanol mix in gasoline
Brazil's government will keep the amount of ethanol mixed with gasoline at reduced levels despite complaints about low prices for the biofuel, a government official told local business daily Valor Economico in an interview published Thursday. The government will meet with ethanol producers next week.
US oil industry seeks policy changes as EIA unveils annual energy outlook
With changes in policy, America's oil and natural gas industry could produce at home far more of the energy the nation requires, further enhancing its energy security and providing very large benefits to the economy, according to the CEO of the American Petroleum Institute.
Keyera acquires Canadian iso-octane plant from Neste Oil, ChevronTexaco
Competition authorities in the US and Canada have approved the sale of Neste Oil's 50% holding in an iso-octane production plant in Edmonton, Canada, to Canadian-based Keyera. The announcement was first made on December 8, 2011.
US fuel demand tanks amid low gasoline use - API
US petroleum deliveries in December 2011 were down 5.9% from December 2010, declining to an average of 18.6 million bpd to hit their lowest December level in 15 years. Overall, total petroleum deliveries (a measure of demand) fell 1.2% in 2011 to an average of 18.9 million bpd.
US oil groups ask EPA to cut cellulosic biofuel rule
The NPRA, API and Western States Petroleum Association jointly filed a petition Friday requesting that the US Environmental Protection Agency (EPA) waive the 2011 cellulosic biofuel volume mandate in its entirety. The groups claim no cellulosic biofuel was actually produced last year.
Sunoco completes spinoff of SunCoke Energy unit
US-based transportation fuels firm Sunoco completed the spinoff of its metallurgical coke manufacturing business SunCoke Energy. The planned separation was first announced in January 2011.
Tesoro seeks sale of Hawaii refinery, retail stations
Tesoro is planning to sell its Hawaii operations, including the 94,000 bpd Kapolei refinery, operations at 32 retail stations and all associated logistical assets, according to company officials. The refinery yield is distillate-focused and is complementary to the on-island demand for utility, jet and military fuels.
EIA hikes 2012 WTI oil price outlook to $100.25/bbl
The US Energy Information Administration (EIA) on Tuesday raised its 2012 oil price forecast by more than $2/bbl to $100.25/bbl, saying it assumes the US economy grows 1.8% this year. In last month's report, the EIA expected 2012 West Texas Intermediate crude to average $98/bbl
HP Construction: Europe
Jacobs Engineering Group Inc. has a contract to provide detailed engineering, procurement support and support services during construction of a new ester production plant at OXEA GmbH’s existing ..
Indian Oil to cut jet fuel prices amid weaker crude
Indian Oil Corp. on Saturday said it will trim jet fuel prices by 1.0% beginning January 1 due to a softening in international benchmark rates. State-run fuel retailers revise jet fuel prices every fortnight in line with international crude oil prices.
- CNOOC completes construction on $2.9-B, 1.8-MMtpy integrated complex in east China 8/22
- bp's Whiting refinery (U.S.) continues to flare days after severe thunderstorm 8/22
- Bachmann introduces latest version M-Target for Simulink 8/22
- U.S. to rule on biofuel waivers, but big oil refiners may need to wait 8/22
- Chinese independent refiner Hongrun buys Canadian, Brazilian crude 8/22
- Ukrainian attack suspends Russian oil flows to Hungary, Slovakia 8/22
