Economics
Industry Metrics
US margins recorded solid gains as crack spreads for all products increased due to healthy domestic demand.
Business Trends: The state of the global refining sector
Over the past few years, the world has witnessed significant downstream capacity growth in all sectors of the hydrocarbon processing industry (HPI).
Upgrade the ALARP model as a holistic approach to project risk and decision management
The ALARP (as low as reasonably practicable) model was developed by the UK Health and Safety Executive to establish and justify risk acceptability limits.
EIA: Storm Harvey adds uncertainty to gas prices for Labor Day weekend
Hurricane Harvey has created considerable uncertainty for gasoline supply and prices, as the area affected by the hurricane is home to much of the nation's petroleum infrastructure. On Aug. 28, the US average retail gasoline price was $2.40/gal, the second-lowest price on the Monday before Labor Day since 2004. However, prices on that date do not yet reflect the full effects of Hurricane Harvey.
Dow, DuPont complete planned merger to form DowDuPont
(Reuters) — Dow Chemical Co and DuPont said on Friday the companies had successfully completed their planned $130 B merger to form DowDuPont.
North American exodus at PetroChina sparks speculation of company shift
NEW YORK (Reuters) — A flurry of departures across the US and Canadian units of Chinese state energy firm PetroChina Co Ltd have sparked speculation that the oil trader is reducing its presence in North America, even though the company says it is committed to the region.
India's Essar to pay $1.18/share to minority shareholders
NEW DELHI (Reuters) — India's Essar Group will pay $1.18 apiece to the minority shareholders who tendered Essar Oil shares under a delisting offer ahead of the company's sale to a consortium led by Russian oil major Rosneft, the company said.
Iraq sets up oil shipping, trading joint venture
DUBAI (Reuters) — OPEC member Iraq has formed a JV with a shipping company owned by Arab states to transfer, store and trade crude and oil products, according to official documents and industry sources.
US to sell 14 MMbbl of crude oil from emergency reserve
WASHINGTON (Reuters) — The US Department of Energy said on Tuesday it will sell 14 MMbbl of crude oil from the nation's emergency reserve in late August.
Using an improved method of capitalized cost to evaluate alternatives
The method of capitalized cost is often used to determine the most desirable economic alternative. In its most simplified form, it consists of the original cost of an alternative plus the capital cost of a perpetuity needed to generate funds to replace the item at known intervals of useful-life.
- China's Wanhua Chemical starts operation at new east China cracker 4/4
- Brookfield Infrastructure announces the acquisition of Colonial Enterprises for $9 B 4/4
- PBF restarts some units at Martinez refinery after February fire; fire-damaged units remain shut 4/4
- Japan to curb gasoline prices from June to cushion U.S. tariff blow 4/4
- Evonik presents innovative "Debonding on Demand" concept for more sustainable bonding 4/3
- Oil, gas and refined product imports exempted from Trump’s sweeping tariffs 4/3
