Americas
Oil hits 2016 high as US gasoline margins soar
Crude markets got off to a rousing start in the New York session as gasoline futures and gasoline refinery margins both surged from refinery outages, Venezuela buying and a reported drop in inventories.
Phillips 66 shuts key crude unit at Illinois refinery after power outage
Phillips 66 shut down a 64,000-bpd crude unit and an associated vacuum distillation unit and coker at the Illinois refinery on Tuesday after heavy storms knocked out power to the western portion of the plant, a source familiar with the plant's operations said.
Lower US refining production adds to crude build
Refinery crude runs fell 257,000 bpd, EIA data showed, while US refinery utilization rates dropped 1.3 percentage points to 88.1% of capacity, according to the data.
US chemical activity index accelerates in April
The Chemical Activity Barometer has four primary components, each consisting of a variety of indicators: 1) production; 2) equity prices; 3) product prices; and 4) inventories and other indicators.
Brazilian fuel sales show year-on-year decline
C-grade gasoline sales rose to 23,440 bbl from 21,400 bbl in March 2015, while diesel sales fell to 29,840 bbl in March from 31,540 bbl a year earlier, according to petroleum regulator ANP.
Refinery outages, stock draw boost US gasoline
Traders said the rise, which spread throughout the oil complex, stemmed largely from a report by energy intelligence firm Genscape of a 600,000-bbl draw in East Coast gasoline stocks last week.
Death toll from Mexican chemical blast rises to 32
The massive explosion took place on Wednesday afternoon at the facility's chlorinate 3 plant in the Gulf state of Veracruz, sending a black cloud of smoke hundreds of meters into the air and giving off a powerful smell of ammonia.
Pemex petrochemical plant explosion kills dozens, injures hundreds
At least 32 people died and 136 were injured after a leak caused a deadly explosion at the plant, and the death toll could still rise further, according to the CEO of oil giant Pemex.
WR Grace to acquire global polyolefin catalyts business from BASF
BASF’s polyolefin catalysts business includes its LYNX high-activity PE catalyst technologies that are utilized commercially in slurry processes for the production of high-density PE resins.
Compact Membrane Systems plans pilot at PBF’s Delaware refinery
While most olefin-paraffin separations are performed using capital- and energy-intensive distillation processes, membrane systems can provide less energy- and capital-intensive alternatives.
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