Crude oil
Aramco reduces oil differentials for Europe refiners
The reductions by Saudi Aramco reflect the anticipated reopening of the Ras Lanuf and Es Sider terminals in Libya, which could increase that country's crude oil exports by 500,000 bpd. They also reflect the intention for Saudi oil to remain competitive in southern European markets.
Gasoline rises, crude falls as US refiners cut rates
Gasoline headed for the biggest one-day gain since June, widening the profit refineries make from processing a barrel of crude into the fuel. Plants cut their operating rate by the most since June.
Examining the ecological and profitable uses of refinery residues
With prices pressured and stricter environmental legislation being implemented, refineries are being increasingly forced to look at new ways of processing heavy residues.
Innovative modeling of heavy crudes provides competitive advantages
The increase in heavy crude production, together with the diversity of heavy crude characteristics and sources, leads to technical challenges in accurately predicting production and refining process performance.
Case history: Modernization of Russia’s refining industry—Part 2
Russia’s refining industry is set to make major changes to improve profitability and produce cleaner transportation fuels. Such changes will enable the refining industry to export cleaner fuels t..
HP News
Refining capacity in the US increases slightly At the beginning of 2014 in the US, there were 139 operating refineries and three idle refineries with total atmospheric crude oil distillation capacity ..
HP Industry Metrics: HP Metrics
At mid-year, the global demand for oil remains steady, and growth is forecast to average about 1.13 million bpd (MMbpd). Analysts are more optimistic for greater demand increases in 2015 at 1.21MMbpd,..
HP People
Energy Recovery has promoted Joel Gay to CFO, replacing Alex Buehler. Mr. Gay joined Energy Recovery in January 2012 and has held several positions at the company, serving as vice president of finance..
EU refining industry struggles to remain competitive in 2014
For European refiners, the economic situation remains clouded. The 2008 global recession sent this region into a financial downward spiral. Conditions are improving, but they still lag behind other de..
New crude-rail terminal may bring more Canadian oil to US Gulf refiners
The waterborne terminal, which will be constructed on a 200-acre parcel, will serve initially as a destination for heavy crude from Western Canada utilizing 340,000 bbl of initial storage capacity.
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