Refining
US gasoline costs fall to lowest levels since 2009
The latest price was 37 cents lower than a year ago as competitive pressures prompted refineries to drop wholesale gasoline prices amid weak oil prices, Lundberg said.
Iran mulls investment stakes in foreign refineries
Hamid Sharif Razi said the NIOEC holds a 30% stake in a 250,000-bpd refinery project in Malaysia, and was planning to take a 40% stake in a 300,000-bpd refinery in Indonesia.
India’s reduced refined product exports contrast with Chinese boom
It seems clear that the trends are firmly established for now, and longer term it's likely that India may become a net importer of fuel, as domestic demand growth tops refinery construction.
Petrofac picks Bertin Technologies to track gas at Aramco’s Jazan refinery
The Second Sight solution has been selected by Saudi Aramco and Petrofac because it offers several benefits that complement conventional gas detection methods.
Argentina hikes ethanol blending rate in gasoline
Officials said that the latest ethanol measure would likely become effective from March or April. The ultimate aim was to raise the required blend of ethanol in gasoline to 15%.
China’s private refiners eat into oil glut, but Asian fuel surplus looms
State refiners have already been exporting fuels at record amounts, but a lack of export infrastructure is hampering teapots' efforts despite winning government export permits.
Commodity slump pressures Japanese oil refiners
Oil refiners including JX Holdings and Idemitsu Kosan are expected to post over 500 billion yen in inventory losses in the year to March, according to Reuters calculations.
PBF to buy four US refined product terminals
The terminals are near PBF Energy's refineries in Delaware City, Delaware, and Paulsboro, New Jersey. The acquisition will approximately double PBF's total system capacity.
API launches web tool to connect veterans with energy industry jobs
To better understand the long-term employment needs of the industry, a recent study from IHS Global estimates that more than 950,000 job opportunities could be created by 2020 and nearly 1.3 million job opportunities through 2030 across the country in the oil and natural gas industry.
BP announces 3,000 downstream job cuts as earnings decline
BP will eliminate 3,000 jobs from its downstream division by the end of 2017. Those reductions are on top of 4,000 cuts in its oil and gas production unit announced last year.
- Kazakhstan to build a new $10-B, 10-MMtpy refinery 2/18
- U.S. EPA expected to send 2026 biofuel blending quotas to White House this week 2/18
- Kent awarded pre-FEED contract for Eq.flight, an advanced power-to-liquids SAF project 2/18
- ABB launches integrated carbon capture measurement solution to accelerate industrial decarbonization 2/18
- CONSER awarded technology licensing/PDP contract for DMS and BDO plant in China 2/18
- Singapore marine fuel sales maintain strong start in early 2026 2/18
