Americas
Chevron and KazMunayGas announce collaboration on lower carbon opportunities
Chevron Corporation, through its subsidiary Chevron Munaigas Inc. and KazMunayGas have announced an MoU to explore potential lower carbon business opportunities in Kazakhstan.
U.S. commercial crude stocks build, SPR posts record drawdown as refiners ramp up
U.S. commercial crude oil inventories rose unexpectedly last week, while crude in the Strategic Petroleum Reserve fell by a record amount as refiners ramped up production to pre-pandemic levels.
Venezuela's oil exports plummet to lowest in 19 months on port delays
Venezuela's oil exports last month fell to the lowest level since October 2020 as repairs at the country's main oil port added to delays shipping cargoes.
EIA: Growing octane needs widen price spread between premium, regular gasoline
In late 2016, the difference between US average retail prices for premium and regular gasoline reached 50 cents/gal. This price spread has been generally expanding since 2000, and the rate at which the spread has grown has accelerated over the past 3 yr. Many factors on both the supply and demand sides are likely influencing this trend.
Koch-Glitsch forms partnership for data analytics solutions
WICHITA, Kan. — Koch-Glitsch and EFT Analytics announced a partnership to provide full service process engineering and advanced data analytics solutions to enhance operations for refineries and petrochemical plants.
Tallgrass Energy announces crude oil terminal acquisitions, developments at Pony Express
LEAWOOD, Kan. — Tallgrass Energy Partners, LP announced two strategic acquisitions by its Tallgrass Terminals business and several significant commercial developments that continue to expand the variety of services offered by Pony Express in key crude oil producing basins it serves.
EIA: US gasoline prices increased in 2017
US regular retail gasoline prices averaged $2.41/gal in 2017, 27 cents/gal (13%) higher than in 2016, but two cents/gal less than in 2015.
Gasoline prices unnerve Mexicans as election year begins
MEXICO CITY (Reuters) — Mexico's government on Wednesday denounced forecast price hikes by fuel retailers, saying increases were unjustified as it sought to allay public concern about high inflation at the start of a presidential election year.
Winter storm challenges US East Coast energy complex
NEW YORK (Reuters) — The US energy industry is facing a massive test of its infrastructure as an intense winter storm roars up the Atlantic Coast, threatening power outages, refinery shutdowns and spikes in heating prices.
EIA: Crude oil prices increased in 2017, Brent-WTI spread widened
Crude oil prices ended 2017 at $60/bbl, the highest end-of-year price since 2013. West Texas Intermediate (WTI) crude oil prices averaged $51/bbl in 2017, up $7/bbl from the 2016 average, and ended the year $6/bbl higher than at the end of 2016.
- BASF starts up the world’s first production plant for 3D-printed catalysts in Ludwigshafen 3/19
- Haffner Energy receives rapid bookings for CORE100 clean-fuel production units 3/19
- ABB launches EmissionVision to automate advanced gas leak detection 3/19
- Ebara Elliott Energy partners with NuScale Power for use of advanced nuclear technology to power petrochemical plants 3/19
- bp agrees to sell 12-MMtpy Gelsenkirchen refinery to Klesch Group 3/19
- Sumitomo Corporation, “K” LINE and NYK Line conclude MoU for new build ammonia bunkering vessel operation in Singapore 3/19
