Refining
EPA’s biofuel plan frustrates US refiners, farmers
The increase did not go far enough for the farm lobby and biofuels companies like Poet LLC, which have spent millions to produce advanced biofuels. Meanwhile, oil industry advocates, who have criticized previous targets as unrealistic, renewed calls for an overhaul of the program.
Argentina’s refiners buy Nigerian crude as second foreign cargo of 2016
Because of quality issues -- Argentina has a surplus of heavy crude that is regularly exported, but it does not produce enough light grades -- refining companies plan to import at least 3 MMbbl of crude.
US EPA proposes modest increase in 2017 biofuels blending targets
Releasing the blending targets ahead of 2017 is part of the US EPA's efforts to get the controversial policy program for domestic refiners back on track after many years of delays.
India sees road building as route to boost fuels
Past experience from the US and other advanced economies suggests massive highway construction will promote the creation of a more integrated national economy and increase freight and passenger traffic further. That will spur further rapid growth in transport fuels such as gasoline and diesel.
US gasoline, distillate inventories drop as refiners raise operating rates
Gasoline stocks fell 2.5 MMbbl, compared to forecasts for a 150,000-bbl drop. Distillate stockpiles, which include diesel and heating oil, fell 3.2 MMbbl, versus expectations for a 642,000-bbl drop.
Rosneft, Pertamina to sign framework deal on Indonesian refinery
Indonesia's Pertamina currently has 1 MMbpd in refining capacity, which it plans to raise to 2.3 MMbpd through upgrades and additional plants.
Nigerian union proceeds with fuel protest strike
The government hopes lifting costly fuel subsidies, causing prices to rise by up to two thirds at the pumps, will help alleviate the worst crisis in decades in Africa's biggest economy.
Analyst: Rising gasoline use in India drives global oil demand growth
Provided India's economy continues to grow, and fuel prices remain moderate, India's thirst for gasoline will be the most important source of oil demand growth over the next few years.
Argentina looks to stop light crude imports, boost domestic refining
Increased refining of domestic light crudes and further investment in the oil sector keep country rolling toward energy independence.
Climate laws could mean higher refining costs
Curbing increasing levels of greenhouse gas emissions remains a key requirement, and challenge, for global oil refiners and gas producers.
- Technip Energies, Shell Catalysts & Technologies move towards an exclusive global alliance for carbon capture 11/14
- SOCAR, Baker Hughes partner on integrated gas recovery, H2S removal system at the Heydar Oil Refinery 11/14
- India shaping up as refining hub, to rely on fossil fuels until 2040 11/14
- Sinopec starts up 1.2-MMtpy ethylene complex in north China's Tianjin 11/14
- US refiner margins to stabilize next year as plant closures cut supply 11/14
- Germany blocks oil firms from using past emissions credits to support biofuel industry 11/14
