Refining
UK’s Coryton fuel terminal opens as glut grows
The terminal is due to be filled to its current capacity of 176,000 cubic meters with fuel, predominantly to serve the London region and southeast England, Thames Oilport said in a statement.
Keystone pipeline closure leads Phillips 66 to shut Illinois refinery units
Phillips' refinery in Wood River, Illinois, has shut down a 64,000-bpd sour crude unit and a 16,000-bpd coker due to the disruption in supply, two sources told Reuters.
Magellan, TransMontaigne mull new Texas refined products pipeline
The potential project would include construction of an approximately 150-mile, 16-inch diameter pipeline capable of transporting 150,000 bpd of gasoline, diesel fuel, propane and condensate from Magellan’s terminal in Corpus Christi, Texas, to TransMontaigne’s terminal in Brownsville, Texas.
US reports monthly decline in demand for gasoline, distillates
Total US oil demand dropped from a year earlier, as demand for gasoline and distillate products weakened, according to new data from the Energy Information Administration.
Myanmar approves construction of $3B refinery
The Myanmar Investment Committee granted the Chinese firm Guangdong Zhenrong Energy approval to build a 100,000-bpd refinery in the southeast coastal city of Dawei.
US refiners delaying clean-fuel compliance may face soaring costs
Larger US refiners are in the midst of a multi-billion dollar effort to cut smog-producing sulfur levels in the gasoline pool by Jan. 1, but those efforts have been met by objections to what the rules mean for refinery emissions and slowed by the high price of compliance.
Oil prices extend losses as gasoline glut looms
The decline on Tuesday follows data showing US gasoline demand during January fell for the first time in 14 months, while overall US oil demand fell 1% that month from a year ago.
US gasoline demand remains strong despite poor weather in January
On closer inspection, there is nothing surprising about the monthly reading for January, which is in line with the low weekly consumption numbers reported during that month.
Diesel exports from US Gulf fall sharply in 2016
Diesel exports from the US Gulf Coast face growing competition from Asia and the Middle East, where huge new refineries such as Reliance's Jamnagar and Saudi Arabia's SATORP started exporting large volumes to Europe last year.
Brazil’s Petrobras to launch voluntary layoff plan
The program will cost 4.4 billion reais and is open to all employees, according to a statement from Petrobras, which has been hard hit by low oil prices, refinery project problems and a massive price-fixing, bribery and political kickback scandal.
- NAPCOR releases 2024 PET recycling report highlighting system efficiency gains and continued strength of PET circularity 12/12
- OQ courts other partners for petrochemical complex in Oman as SABIC drops out 12/12
- Brazil's BNDES approves $71 MM for carbon storage project 12/12
- Cuba on edge as U.S. seizure of oil tanker puts supply at risk 12/12
- China oil demand to plateau between 2025 and 2030 12/12
- Germany's PCK refinery says no impact from pipeline leak 12/12
