Refining
US gasoline prices rise as demand improves
The rise in gasoline prices is partly because of a seasonal increase in demand as more people are on the road as the weather improves and the days are longer.
API poll: High ethanol mandates worry US voters
“Across the political spectrum, voters are concerned about the significant damage the RFS mandate and higher ethanol blends could cause to automobiles, motorcycles and almost every type of gasoline powered engine,” said Frank Macchiarola, downstream group director at the API.
Kuwait’s oil, gas workers plan to go on strike
Workers fear reduced salaries, benefits and layoffs will be part of a planned government overhaul of the payroll system in the public sector, according to the union.
US crude stocks unexpectedly fall as refiners run in overdrive
The EIA report was "modestly supportive" with the jump in refinery runs and fall in imports "obvious catalysts in causing overall crude oil inventories to decline," a key analyst said.
Nigeria secures $200MM from oil majors to help pay for fuel imports
Africa's top producer, which needs to import most of its fuel needs, suffers from hard currency shortages due to a slump in oil revenues. For weeks, motorists have been queuing at petrol stations.
Lyondell cuts Houston refinery output after fire
A large fire broke out Friday morning at LyondellBasell’s 263,776-bpd Houston refinery in Texas. It is the second major refinery fire in two days in the metro Houston area.
Nigeria’s fuel shortage lingers as NNPC eyes deals
Despite pumping 1.8 MMbpd of oil, Nigeria imports most of its fuel as its outdated refineries are often out of action. Analysts say fraud at a subsidized petrol scheme is also leading to the shortages.
TransCanada delays restart of Keystone oil line serving Illinois refinery
The outage of the Keystone oil pipeline from Canada has forced refiner Phillips 66 to cut run rates and shut units at its 306,000 bpd Wood River refinery in Illinois.
Asian refiners turn to Middle East’s heavy crudes over Latin America
Latin American crude sold to Asia fell 1% in the first three months of 2016 from a year ago, while Middle East exports to Asia rose 7% in the first quarter, according to new data.
Strong oil demand from China’s teapot refiners drives tanker jam
China's independent refiners, freed of government constraints after securing permission to import just last year, have gorged on plentiful low-cost crude in 2016. This has created delays for tankers that have quadrupled to between 20 to 30 days at Qingdao port in Shandong province.
- thyssenkrupp Uhde to build a low-emission polyester plant for KÖKSAN in Turkey 4/9
- Honeywell to supply digital process and automation technologies to the Dangote refinery 4/9
- Technip Energies awarded contract for Long Son Petrochemicals enhancement project in Vietnam 4/9
- Digital Exclusive: How oil and gas operators can strengthen OT security in 2026 4/9
- Japan weighs new release of about 20 days' worth of oil from reserves 4/9
- Germany probes Klesch's planned purchase of bp refinery 4/9
