Economics
Louisiana refineries not hit by floods, markets expect trouble
Flooding in Louisiana hasn’t affected refinery output in the state, but markets responded to the expectation of reduced production anyway.
Australia's gas paradox: supply crunch looms despite rich reserves
Australia is on track to become the world's biggest LNG exporter by 2019, yet faces a looming shortage at home as states restrict new drilling onshore and cash-strapped oil and gas companies cut spending.
Petrobras' profit declines on lower prices, charges
State-led oil company Petrobras reported Q2 profit fell by nearly a third from a year earlier, missing analysts' expectations as oil prices fell, it took charges for layoffs and the impairment of a refinery.
Japan's Idemitsu defends Showa Shell merger opposed by founding family
Idemitsu Kosan defended its planned merger with smaller rival oil refiner Showa Shell Sekiyu KK, in the face of opposition from the founding Idemitsu family.
Refiners on track to spend record on US clean fuel standards
Major refiners like Valero Energy Corp. are on track to pay record amounts this year for credits to comply with US renewable fuel rules, a trend that hurts profits and has some looking to export more to avoid the cost.
API launches new RFS advocacy campaign focused on consumers
API launched a new multi-faceted Renewable Fuel Standard advocacy campaign focused on how higher ethanol mandates can hurt consumers.
European Commission begins Phase II review of Dow/DuPont merger
DuPont and The Dow Chemical Company confirmed that the European Commission (EC) has initiated a Phase II review for the proposed merger of equals transaction of the two companies.
Singapore refinery profits at two-year low as naphtha joins glut
Singapore's oil refining profits dropped to two-year lows, in the latest sign that the industry is pumping out too much fuel for the market to absorb.
Global glut of oil products threatens crude recovery
Gasoline and diesel stockpiles have swollen to record highs across the globe, leaving refiners and traders few places to dump excess supplies and threatening large-scale production cuts that could derail an oil price recovery.
ARC study names Implico a market leader of terminal automation systems in EMEA
International software and consulting company Implico remains a market leader of terminal automation systems in Europe, the Middle East and Africa (EMEA) region, according to the most recent market study conducted by ARC Advisory Group.
- Shell, CNOOC take FID on 1.6-MMtpy petrochemical complex expansion in China 1/15
- Russian oil products trapped at sea by U.S. sanctions 1/15
- California (U.S.) withdraws clean truck EPA waiver request ahead of Trump inauguration 1/15
- Amazon orders 200 new electric heavy trucks from Daimler for Germany, UK 1/15
- Colonial Pipeline shuts main gasoline artery after potential gasoline spill 1/15
- U.S. issues partial guidance on clean fuel subsidies, chafing ethanol makers 1/15
