Crude oil
Margins surge for US inland refiners as Cushing crude bottleneck leads to WTI discount - study
US refinery margins surged in the first quarter, led mostly by inland refineries amid historically low prices for WTI-priced inland crude oils relative to waterborne alternatives, according to a study released on Tuesday from consulting firm Baker & O’Brien.
Refineries remain operational along Mississippi after opening of Morganza Spillway
Refineries along the Mississippi River remained operational on Monday following the opening of several bays off the Morganza Spillway in Louisiana. It marks the first time the Morganza has been used since 1973, as US officials are seeking to take pressure off the swollen Mississippi with flood waters rushing downstream.
Malaysia’s Petronas to build $20 billion integrated refinery, petrochemical complex
Malaysia’s state-owned energy major Petronas will build a $20 billion integrated refinery and petrochemicals complex in Southern Johor, the company said on Friday.
IEA lowers estimate for 2011 oil demand growth
The International Energy Agency (IEA) lowered its projection for global oil demand growth in 2011, falling by 190,000 bpd, or 0.2%, from an earlier estimate.
US ethanol groups praise new legislation seeking to promote industry versus imported oil
A pair of ethanol organizations praised new legislation from the US Congress, claiming that such policies are needed to compete with imported oil.
Total joins ExxonMobil to explore Poland shale gas
US-based ExxonMobil and French oil major Total signed an agreement to explore shale gas in the Chelm and Werbkowice areas in Poland.
ExxonMobil shuts parts of two Louisiana crude pipelines amid flooding concerns
ExxonMobil Pipeline Co. has shut down parts of two pipelines in Louisiana amid increased flooding concerns along the Mississippi River, the company said on Friday.
Majority of energy execs see crude exceeding $120/bbl in 2011 - survey
Energy executives expect continued volatility in the price oil for the remainder of the year, with 64% predicting crude prices to exceed $120/bbl in 2011, according to a new survey.
Barge firm Kirby warns of increasing flooding along Mississippi as industry worries continue
US chemical shipper and barge firm Kirby said on Thursday that high water and flooding issues on the Mississippi River may have a greater-than-anticipated earnings impact, adding to logistics concerns for petrochemical and refining companies as rising waters move downstream.
NPRA blasts US bill to repeal oil tax breaks as energy execs testify to Senate
The president of the National Petrochemical & Refiners Association (NPRA) spoke out on Thursday against US Senate proposals to eliminate tax breaks for major oil producers, alleging that such policy would give foreign competitors an unfair advantage.
- Malaysia plans to produce sustainable jet fuel in 2027 11/27
- ADNOC launches $80-B low-carbon energy and chemicals investment company 11/27
- Chevron sees California's fuel inventory law raising prices for customers 11/27
- Clariant’s MegaMax™ catalysts to power China’s first biomass-to-green methanol project 11/27
- easyJet, Renavia and WFS sign MoU for long-term supply of SAF 11/27
- Cyclyx to invest in second Cyclyx Circularity Center 11/27
