Refining
Libya seizes foreign tanker, alleges fuel smuggling
The vessel, the Captain Khayyam, was stopped in Libyan waters on Friday night 25 miles northwest of Zuwarah city, and was carrying 1.6 million liters of gasoline.
Iran begins ramping up crude oil shipments to Mediterranean refiners
Iran has lowered its prices to refineries along the Mediterranean Sea in an effort to compete with rivals, which had moved to grab Iran's market share when it was driven out of Europe.
US refiners eye gasoline demand after winter lull
The biggest question facing refiners as well as traders is whether gasoline consumption will continue to grow rapidly in the rest of 2016 or show more modest gains.
Crude market pressured by widespread production cuts from US refiners
At least five refiners -- including two of the country's largest -- have voluntarily cut output of gasoline and distillate in the most widespread cuts since the global financial crisis. Those moves may deepen crude's prolonged rout as storage tanks at Cushing, Oklahoma, near capacity.
US refiner Valero joins lawsuits against EPA over biofuels blending plan
The country's top refiner and No. 3 ethanol producer filed a challenge with the US Court of Appeals in Washington to review the EPA's latest Renewable Fuel Standard plans for 2014-2016.
Downstream strength enables France’s Total to exceed expectations
The company saw high margins in refining and chemicals and a strong performance in its retail and lubricant businesses. Total fared better than many peers in the quarter, as its extensive downstream business benefited from weak oil prices.
AFPM files legal challenge to US biofuel mandate
AFPM said the petition to the US Court of Appeals is targeting the Environmental Protection Agency's rule-making around the Renewable Fuels Standards from 2014-2016.
Flint Hills to license Edeniq’s ethanol technology
Edeniq’s Pathway Technology integrates Edeniq’s Cellunator high-shear equipment with cellulase enzymes to convert corn kernel fiber to cellulosic ethanol. The technology utilizes existing fermentation and distillation equipment to produce up to 2.5% cellulosic ethanol and a 7% increase in overall ethanol yield.
Iran, Brazil begin talks on Iranian investment in Brazilian refineries
Iran, which is boosting oil output after the end of sanctions over its nuclear program, is interested in exporting oil to Brazil and processing that crude at refineries in Brazil's northeastern region.
Oil, gasoline prices fall as US cuts demand outlook
Prices were under pressure throughout the session, but hit intraday lows after the US Energy Information Administration (EIA) lowered its oil demand growth forecast for the next two years.
- India's Reliance gets one-month US concession to buy Rosneft oil 12/24
- SOCAR signs deal to buy Gama Enerji gas plant in Turkey for $225 MM 12/24
- Japan's Eneos leads bids for Chevron’s Singapore oil refinery stake 12/24
- Larsen & Toubro awarded EPCC contract for BPCL's polyethylene plant 12/24
- Maire's Nextchem to acquire technology licensor and engineering company Ballestra 12/24
- bp agrees to sell a 65% shareholding in Castrol to Stonepeak at an enterprise value of $10 billion 12/24
