Americas
Dow Chemical posts better-than-expected profit as lower costs lift margins
The cost-cuts helped Dow's operating margin increase by 406 basis points to 20.9% in the three months ended Dec. 31. Cost of sales fell 24% to $8.81 billion.
Iowa Caucus results seen as setback for ethanol
Ted Cruz, the conservative senator from Texas and outspoken opponent of the Renewable Fuel Standard, or RFS, upset Republican front-runner Donald Trump in the Iowa caucuses.
Dow unveils new job cuts, planned CEO retirement as DuPont merger nears
DuPont CEO Edward Breen is set to head the combined company after the merger, while Liveris will be the executive chairman after the deal closes in the second half of 2016.
Primus makes 100-octane gasoline at GTL demo
With the production of 100-octane zero-sulfur, zero-benzene, zero-lead gasoline, Primus says it could address fuels that meet EU and Commonwealth of Independent States (CIS) specifications.
Industry Perspectives: Downstream disputes breaking the 10% ‘blend wall’ for US ethanol
US refiners are set to break the 10% “blend wall” for using ethanol in gasoline, but downstream professionals are certainly not happy about it.
Industry Metrics
US product markets weakened despite unseasonably strong gasoline demand, and the gasoil crack spread hit the lowest level seen in more than five years, under pressure from increasing supplies amid thin demand due to warmer winter weather.
Buffett’s Berkshire Hathaway buys more stock in US refiner Phillips 66
According to a regulatory filing on Friday night, Berkshire paid about $198 million this week for 2.54 million Phillips 66 shares, its first purchases of the stock since Jan. 14.
Emerson to boost refinery controls at BP Whiting
The project to upgrade the process control system of two fluid catalytic cracking units is part of a strategic BP-Emerson automation upgrade program.
Global Partners cuts workers, scraps crude at Oregon ethanol-rail hub
Global Partners says it is "taking steps" to use the Oregon terminal for ethanol transloading "during this period of headwinds in the crude market." The terminal houses an ethanol plant.
US gasoline margins rise on report of FCC leak at PBF’s Delaware refinery
PBF was in the process of restarting the refinery before abandoning those efforts on Monday after a leak was discovered in the fluid catalytic cracker, according to a report.
- Borouge reaffirms commitment to local manufacturing with new industry supply agreements 1/10
- Update: Turkey's Izmir refinery now expects to restart crude unit in Feb, IIR says 1/10
- Pertamina unit to produce ISCC-certified SAF in 1Q 1/10
- WTO panel largely backs EU in palm oil case against Indonesia 1/10
- Howard Energy Partners acquires ethylene pipeline from EPIC Midstream Holdings 1/10
- U.S. to impose further sanctions on Russian oil fleet and traders 1/10
