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Economics

Reliability: Identify top ways to weather weak market conditions

Hydrocarbon Processing Staff: Bloch, Heinz P.

New Jersey-based Carmagen Engineering Inc., a member of Mistras Group Inc., is a highly respected consulting engineering and project management firm comprising experienced subject matter experts (SMEs).

Editorial Comment: Is the industry ready for IMO 2020?

Hydrocarbon Processing Staff: Nichols, Lee

In mid-July, hydrocarbon processing industry (HPI) professionals from around the world met in Houston, Texas for Hydrocarbon Processing’s International Petrochemical and Refining Conference (IRPC).

S.Korea's SK Innovation sees favorable refining margins in H2

SEOUL (Reuters) — SK Innovation Co Ltd, the owner of South Korea's top refiner, said on Thursday that it expects solid demand to keep refining margins healthy in the second half of this year.

Marathon Petroleum profit misses as refining margin falls

(Reuters) — Refiner Marathon Petroleum Corp's quarterly profit missed Street view as higher crude acquisition costs weighed on its refining and marketing margins.

Canada's top court finds aboriginals consulted on Enbridge pipeline

OTTAWA (Reuters) — Canada's top court ruled on Wednesday that aboriginals were adequately consulted on changes to an Enbridge Inc oil pipeline, dismissing an attempt to quash the national energy regulator's approval of the project.

Pakistan fuel tanker owners end strike, bringing halt to panic buying

KARACHI/ISLAMABAD (Reuters) — Owners of Pakistani fuel tankers ended their protest strike on its third day on Wednesday, dispelling fears of a fuel shortage that had prompted long queues of panicked fuel buyers at petrol stations countrywide.

India allows ONGC to buy out government stake in refiner HPCL

NEW DELHI (Reuters) — India has approved explorer Oil and Natural Gas Corp's plan to buy its 51.1% stake in state-refiner Hindustan Petroleum Corp , a government source said on Wednesday, as New Delhi seeks to create a large integrated oil firm.

US outlines priorities for NAFTA negotiations, API see benefits of modernization

WASHINGTON (Reuters) — The United States on Monday outlined its priorities for renegotiating the NAFTA trade agreement and said it would focus on ensuring better access for US goods exported to Canada and Mexico in order to reduce the US trade deficit.

Dutch competition watchdog investigates possible shipping fuel cartel

AMSTERDAM (Reuters) — The Dutch competition watchdog said on Wednesday it was investigating a possible illegal, price-fixing cartel by fuel companies in ports in the Netherlands and Belgium.

Lotte Chemical Titan in weak Malaysian debut after IPO scaled back

KUALA LUMPUR (Reuters) — Shares of Lotte Chemical Titan Holding Bhd fell in their Malaysian stock market debut, a further indication of weak investor demand after the size of its offering was slashed by a fifth last week.