Gasoline
Lukoil licenses UOP technology for petrochemicals, gasoline production in Russia
Lukoil will license an integrated suite of UOP technologies to produce high-quality gasoline blending components, propylene and other petrochemicals at its facility in Nizhny Novgorod, Russia. Russia is the third largest energy consumer in the world, and demand is growing due to higher economic activity.
Gasoline profits decline for European refiners amid weak demand - analysts
Massimo Vacca, head of investor relations at Italy's Saras, said the recent rise in crude prices and in gasoline stocks had contributed to the squeeze on refiners' profits. Profits on gasoline in Northwest Europe have nearly halved to $10.73/ton from $19.23/ton, the lowest level in over two months.
US oil, fuel demand falls amid weak economy - API
Gasoline demand tracked the overall numbers, declining 2.5% for June versus a year ago and 1.0% for the first six months of this year against the same period in 2011, the API said. Distillates, jet fuel, and residual fuel were also down for the first six months, while distillates and residual fuel were down for June.
Global refined oil product demand to lag supply over next two years - IEA
More than 1 million bpd of new refining capacity is likely to come online this year, and a further 1.3 million bpd in 2013, compared with 400,000 bpd in 2011. The additions to capacity will grossly outpace demand growth for oil products, which the IEA estimates will average 800,000 bpd this year.
ExxonMobil mulls sale of German Esso gas stations
ExxonMobil is in preliminary talks with various parties, some of whom might be from Russia or eastern Europe, the Bloomberg report cited people as saying. Two of the people said the unit, which includes more than 1,100 gas stations, could fetch more than €1 billion ($1.3 billion) in a sale.
US sees higher July 4 holiday travel on low gasoline
The price of motor gasoline is another factor expected to play a role in spurring American travel intentions, AAA found. The current national average price of regular gasoline is $3.50/gal, 44 cents lower than the April peak and 16 cents less than this time last year.
Carlyle, Sunoco reach pact to keep Philadelphia refinery in operation
The refinery under Carlyle is expected to become a major new user of the domestic crude that has backed up at an Oklahoma trading hub unable to reach coastal refineries. The Philadelphia refinery could begin processing US crude by the beginning of next year, increasing its demand over time.
Catalyst developments: The past 90 years
While catalysis has made many advances in the last 90 years, the application of new technologies developed in other areas may offer great promise for future breakthroughs.
The psychology of energy pricing: A look at market behavior during oil shocks
A review of the energy price shocks of the 1970s and 2000s shows the range and extent to which fundamental and technical factors may influence oil market sentiment.
The military and the hydrocarbon: A love affair of over 100 years
The relationship between the military and the petroleum industry dates back to the years before World War I (WWI), when the US and British navies started to switch from coal to oil as a fuel source. M..
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