Crude oil
US fuel demand shows recent improvements - API
Total US petroleum deliveries rose 0.5% in May over the same month last year to 18.5 million bpd, according to monthly data from the American Petroleum Institute (API) trade group. May distillate demand was up 2.0%, though down 1.5% for the first five months. Jet fuel demand rose in May.
Sunoco Logistics unveils new pipeline project for West Texas crude
The initial phase would move 150,000 bpd of Permian oil into the Beaumont, Texas area, by reversing an existing pipeline and using excess capacity available in another line. It could start operating within 6 to 9 months at an initial rate of 90,000 bpd, ramping up to full capacity by mid-to-late 2013.
Canadian oil spills raise pipeline safety worries
Three recent oil spills have raised concern over pipeline safety in Canada, just as the government and domestic oil industry are seeking support for a series of new projects.
Refiners pay $21.6mn to settle US hot fuel dispute
Six refiners agreed to settle a US class-action complaint that they sold motor fuel at prices that didn't reflect the effect of high temperatures on fuel volume and quality. BP, Exxon Mobil, ConocoPhillips and Shell each agreed to pay $5 million in settlements, while Sinclair and Citgo each agreed to pay $800,000.
GE, Sargas align on carbon capture technology for enhanced oil recovery
The Sargas power plant delivers significantly lower costs of electricity and captured CO2 per ton, therefore enabling the Sargas-led engineering, procurement and construction (EPC) consortium to offer industrial-scale volumes of economically competitive CO2 for EOR applications worldwide.
Enbridge faces complaints of oil sands favoritism from Bakken producers
The dispute underscores the growing scramble for limited pipeline space, as burgeoning production from the Bakken and light, tight oil plays in Canada compete with the expanding oil sands for transportation space.
Phillips 66 eyes additional rail capacity to transport North Dakota shale oil
Phillips 66 is ordering 2,000 railcars to transport oil from shale fields in North Dakota to refineries on the US coasts. The company currently refines about 100,000 bpd of shale oil but says it can handle 500,000.
Phillips 66 rethinks possible Louisiana refinery sale
Phillips 66 will decide by this summer whether to sell its refinery in Belle Chasse, La., said CEO Greg Garland. Phillips 66 has considered a sale of its Alliance refinery in Belle Chasse since December 2011, but is now rethinking the prospect amid falling prices for Light Louisiana Sweet crude oil, Garland said.
Brenntag buys Italy additives distributor Petrolube
German chemical distribution major Brenntag has signed an agreement to acquire Petrolube, the exclusive distributor of Infineum specialty fuel and oil additives based in Milan, Italy. The deal strengthens Brenntag’s strategic relationship with Infineum, a manufacturer of specialty additives.
Conserve energy for fired heaters
Advanced ceramic fiber veneer insulation reduces heat losses and is more resilient
- EPA finalizes historic new renewable fuel standards to strengthen American energy security 3/30
- The role of integrated biorefineries in achieving alternative fuel goals 3/30
- The entire Itabus fleet travels with Enilive HVO diesel biofuel 3/30
- Czech government agrees to release 100,000 tonnes of crude from reserves 3/30
- South Korea's LG Chem to import Russian naphtha 3/30
- PetroChina says operations 'overall normal', Strait of Hormuz accounts for about 10% of its supplies 3/30
