http://www.hydrocarbonprocessing.com Hydrocarbon Processing http://hydrocarbonprocessing.com/news/2024/07/iowa-biodiesel-industry-commends-rep-hinson-on-letter-to-epa/ The Iowa Biodiesel Board has applauded Iowa U.S. Representative Ashley Hinson (R-02) for leading a bipartisan letter to the Environmental Protection Agency (EPA) encouraging more usage of biofuels in the U.S. The EPA is currently considering volume obligations for the 2026 Renewable Fuel Standard. http://hydrocarbonprocessing.com/news/2024/07/bp-energy-outlook-two-main-scenarios-see-2025-oil-peak-rapid-renewables-growth/ bp expects oil demand to peak next year and wind and solar capacity to grow rapidly in both of the two main scenarios in its annual Energy Outlook, a study of the evolution of the global energy system to 2050 the company published on Wednesday. http://hydrocarbonprocessing.com/news/2024/07/gulf-energy-information-appoints-catherine-watkins-as-chief-commercial-officer-to-drive-market-expansion/ Gulf Energy Information (Gulf), a premier B2B media company in the global energy sector, proudly announces the transition of Catherine Watkins from Chief Financial Officer (CFO) to Chief Commercial Officer (CCO), effective immediately. This strategic transition aligns with Gulf’s commitment to expanding market share and driving sales growth across key markets. http://hydrocarbonprocessing.com/news/2024/07/us-seeks-up-to-45-mmbbl-for-strategic-petroleum-reserve/ The U.S. Department of Energy (DOE) said on Wednesday it is offering to buy up to 4.5 MMbbl of oil to help replenish the Strategic Petroleum Reserve (SPR), though oil prices are now higher than the target price it wants to make such purchases. http://hydrocarbonprocessing.com/news/2024/07/us-west-coast-refinery-margins-slump-despite-reduced-capacity/ U.S. refiners are making less money turning crude oil into fuels on the West Coast as the region's gasoline inventories grow and the use of biofuels increases. http://hydrocarbonprocessing.com/news/2024/07/opec-sticks-to-2024-oil-demand-view-sees-strong-travel-season/ OPEC is sticking to its forecast for relatively strong growth in global oil demand in 2024 and next year, saying on Wednesday that resilient economic growth and air travel would support fuel use in the summer months. http://hydrocarbonprocessing.com/news/2024/07/eia-global-oil-market-will-be-in-supply-deficit-next-year/ Global oil demand will outpace supply next year, the U.S. Energy Information Administration (EIA) said on Tuesday, reversing a prior forecast for a surplus. http://hydrocarbonprocessing.com/news/2024/07/update-power-outages-hinder-hurricane-beryl-recovery-delay-port-infrastructure-restarts/ About 1.7 MM customers remained without power in Texas on Wednesday morning, two days after Hurricane Beryl made landfall, as progress was slow during the night, hampering efforts to restore critical oil infrastructure. http://hydrocarbonprocessing.com/news/2024/07/oil-companies-refineries-in-texas-restoring-operations-following-hurricane-beryl/ Oil and gas companies in Texas were restarting operations on Tuesday after Hurricane Beryl lashed the state with 80-mph winds, damaging property and leaving millions of people without power. http://hydrocarbonprocessing.com/news/2024/07/marathon-prepares-galveston-bay-texas-refinery-units-for-restart/ Marathon Petroleum Corp. began preparing on Monday to restart multiple units at its Galveston Bay oil refinery in Texas City, Texas, following a power outage earlier in the day.