Economics
Industry Metrics
The global middle distillate market continued to improve on healthy demand and depleted stocks amid regional maintenance, while the bottom of the barrel saw pressure due to low demand and high inventory levels in Asia and Europe.
Business Trends: Preparing for a sea change in global refining
The global oil refining industry has been buffeted by many events in recent years.
Global: Russia’s plan to dominate fuel supply to Asia
Russia hopes to become a major supplier of gasoline, diesel fuel and other oil products to the Asia-Pacific region during the next several years, with help from the planned launch of large-scale refineries in the Far East that will be built with the participation of Asian investors.
Operations: Maximizing the opportunity of discounted crudes
As the oil and gas industry adjusts to a business environment in which crude oil prices will likely remain lower for longer, refiners continue looking for ways to maximize their profitability.
Editorial Comment: Ingenuity out of necessity
One of the main focal points in this issue of Hydrocarbon Processing is the environment.
Demystify hazardous area classification and compliance assessments
As safety becomes increasingly paramount at hydrocarbon processing facilities, so too does the importance of addressing and clarifying the confusion associated with hazardous area classification (HAC) assessments and compliance auditing in Class 1 locations.
Andeavor Logistics completes acquisition of Western Refining Logistics
SAN ANTONIO, TEXAS — Andeavor Logistics LP and Andeavor announced that Andeavor Logistics has completed its acquisition of Western Refining Logistics, LP in a unit-for-unit transaction and assumption of $280 MM of net debt for a total enterprise value of approximately $1.7 B, based on Andeavor Logistics' closing unit price of $45.90 on Oct. 30.
Phillips 66 profit tops estimates on surge in refining margins
(Reuters) — Independent US refiner Phillips 66 on Friday posted a quarterly profit that handily beat analysts’ estimates, boosted by soaring refining margins in the aftermath of Hurricane Harvey.
Nigeria's gasoline price cap hurting industry, costing economy
LAGOS (Reuters) — Nigeria must remove its gasoline price cap to prevent shortages, enable investment and keep the government from using valuable resources to import fuel, delegates at the OTL Expo in Lagos said on Wednesday.
Russia reaches outline debt restructuring agreement with Venezuela
MOSCOW (Reuters) — Russia has reached a general agreement with Venezuela on restructuring its debt to Moscow, RIA news agency cited Russian Finance Minister Anton Siluanov as saying on Saturday.
- LyondellBasell to sell select European petrochemical assets to AEQUITA 6/9
- Rotork joins Rockwell Automation’s Technology Partner Program 6/9
- California (U.S.) fuel imports hit 4-yr high amid refinery outages 6/9
- Finavia's Helsinki Airport uses Neste MY Renewable Diesel to drive operations to net-zero carbon emissions 6/9
- Honeywell drives industrial transition from automation to autonomy with new AI-enabled digital suite 6/9
- Yokogawa releases next generation of CENTUM VP integrated production control system 6/9
