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Crude oil

Hydrogen-rich content gasoline: A new concept for paraffinic gasoline reformulation

HRC Fuels: Burger, J.  |  Byrne, D.
Hoekstra Trading LLC: Hoekstra, G.

Several refiners are evaluating a new gasoline-formulation technology called hydrogen (H2)-rich-content (HRC) gasoline. This patented technology uses low-sulfur, H2-rich refinery blendstocks like straight-run gasoline, isomerates, alkylate, butanes and renewable naphtha in gasoline blends, and adds aromatic amines (a high-octane gasoline additive) to make a drop-in specification gasoline.

bp to acquire full ownership of bp Bunge Bioenergia while refocusing plans for new biofuels projects

bp has agreed to acquire Bunge’s 50% holding interest in its bp Bunge Bioenergia S.A. joint venture, one of Brazil’s leading biofuels-producing companies.

Fossil fuel use, emissions hit records in 2023

Global fossil fuel consumption and energy emissions hit all-time highs in 2023, even as fossil fuels' share of the global energy mix decreased slightly on the year, the industry's Statistical Review of World Energy report said.

EIA: U.S. crude and fuel stockpiles fall last week as exports rise

U.S. crude oil, gasoline and distillate inventories fell last week, the U.S. Energy Information Administration (EIA) said on Thursday as crude exports rose.

Phillips 66 refining margins tighten on TMX expansion startup

U.S. refiner Phillips 66 said on Tuesday its margins have tightened after the expanded Trans Mountain pipeline project in Canada started up in May.

Trans Mountain revises heavy crude standards on pipeline after quality concerns

Canadian government-owned oil pipeline operator Trans Mountain last week revised standards for accepting crude oil on its recently expanded system after buyers raised concerns about the crude oil arriving on the line.

U.S. oil refining capacity rises for second year in a row, reaching > 18.3 MMbpd

U.S. crude oil refining capacity rose 1.5% to 18.38 MMbpd this year, a government report showed on Friday as a major new expansion in Texas boosted capacity.

China continues to lift crude oil stockpiling amid weak refinery runs

The world's biggest crude importer has had a soft start to the year. China added more than 1 MMbpd of crude oil to stockpiles in May as soft imports were outweighed by even weaker refinery processing volumes.

Global gasoline refining margins slump on slow summer driving season

Oil refiners are making less money selling their gasoline as demand during the peak summer driving season has fallen short of what they expected when many of them boosted production.

Russia's June idle oil refining capacity raised by 114%

Russia's primary offline oil refining capacity has been raised by 114% from the previous plan to 4.1 million metric tons for June mainly to due to last-month stoppages at the Tuapse and Komsomoslk plants.