Crude oil
US refiners Holly, Frontier complete merger
HollyFrontier on Friday announced the completion of the merger of Holly Corp. and Frontier Oil Corp. The merger combines two leading independent refiners to create the most profitable (on a per barrel basis) independent refiner in the US, the companies said.
Marathon finalizes spinoff of downstream business
Marathon Oil has completed the spin-off of its downstream business, making Marathon Oil an independent upstream company and Marathon Petroleum the fifth-largest US crude oil refiner, the companies said on Friday.
July 4 travel likely to fall in US amid high fuel costs, reducing gasoline demand
The American Automobile Association (AAA) forecasts 39 million Americans will travel 50 miles or more from home during the Independence Day holiday weekend, a 2.5% decline from the 40 million people who traveled a year ago.
Valero acquires two Chevron product terminals in Kentucky
Valero Terminaling and Distribution Co., a subsidiary of Valero, has successfully completed the acquisition of Chevron’s product terminals in Louisville and Lexington, Ky., for an undisclosed amount.
Sunoco Logistics to buy US East Coast terminals from Sunoco, Conoco
Sunoco Logistics announced today that it has reached an agreement with former parent company Sunoco to purchase the Eagle Point tank farm and related assets, located in Westville, N.J., for approximately $100 million in deferred distribution units.
NOVA Chemicals to build new polyethylene lines in Canada, expand ethylene output
As a part of a strategy to capitalize on emerging feedstock opportunities and growing North American demand, NOVA Chemicals said it has begun feasibility and engineering work for the construction of two new polyethylene assets to be located at its sites in Alberta and Ontario.
Louisiana crude terminal will have capacity doubled
U.S. Development Group (USDG), a Houston-based developer of unit train logistics and terminal facilities, said Wednesday that it is expanding its St. James Rail Terminal (SJRT), a crude oil and condensate handling and distribution hub located in the Gulf Coast region of Louisiana.
Safety-Kleen begins work on third North America used oil re-refinery
Safety-Kleen Systems plans to move forward with preliminary engineering for its third North American used oil re-refinery, designed to further solidify the company's position as the world's leading re-refiner, it said on Wednesday.
Husky shuts Lima refinery in Ohio for repairs
Husky Energy has temporarily suspended production at its refinery in Lima, Ohio, in order to carry out repairs on a crude unit furnace, the company said on Wednesday.
IEA seeks increased cooperation with China
After a decade of high growth led to China becoming the world’s biggest energy consumer, International Energy Agency executive director Nobuo Tanaka says that closer alignment with the IEA would be of mutual benefit.
- U.S. labor board judge rules Exxon's Texas refinery union lockout was legal 11/28
- U.S. crude stocks fall, gasoline and distillate inventories rise 11/28
- Maersk could use 15%–20% alternative fuels for its fleet in 2030 11/28
- Germany's BSW pushes to restore Russian oil to Schwedt refinery, seeks regional legitimacy 11/28
- Asia likely to benefit from cheaper Canadian, Mexican oil if Trump imposes tariffs 11/28
- Singapore distillates stocks tick up for fifth week 11/28
