Refining
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.
India’s refiners to help boost imports of Iranian oil to seven-year high
Indian refiners are looking to ramp up purchases after the sanctions targeting Tehran ended in January, industry sources familiar with the matter said.
Cheap gas slashes US coal-by-rail traffic, lowers demand for diesel
This is reducing the number of railcars moving across the tracks and the railroad companies' purchases of diesel, leaving diesel stocks at a seasonal record.
- INEOS Acetyls and Sandpiper Chemicals announce $1.7-B, 1.1-MMtpy low-carbon methanol project in Texas (U.S.) 4/29
- Indonesia to remove import duties on some plastic products and LPG for petrochemical industry 4/28
- Europe's jet fuel imports from Middle East stop, raising supply crunch fears 4/28
- Nigeria's Dangote oil refinery running gasoline unit at 75% capacity 4/28
- Chevron likely to close deal for Singapore refinery stake sale to Eneos in May 4/28
- Geolander pioneers high-density nodal seismic in Angola with first STRYDE deployment 4/28
