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Gasoline

Fuel prices unlikely to deter Memorial Day travel – US auto group

The American Automobile Association (AAA) projects 34.9 million Americans will travel 50 miles or more from home during the approaching Memorial Day holiday weekend, a slight increase of 0.2% – or 100,000 travelers – from the 34.8 million people who traveled one year ago.

US Senate blocks two oil bills as Democrats, GOP clash over gas prices

Two oil-related bills were blocked this week in the US Senate along partisan lines, as Democrats and Republicans continue to propose differing solutions to reduce retail fuel prices.

Motiva picks KBR to build coker for refinery expansion in Port Arthur, Texas

KBR announced that its subsidiary Roberts & Schaefer (R&S) has been selected to construct a petroleum coker (pet coke) material handling system for Motiva’s refinery expansion project in Port Arthur, Texas.

Eni starts slurry technology project at Italy refinery

Italian oil and gas major Eni started work on applying Eni Slurry Technology (EST) at its Sannazzaro de' Burgondi refinery, located near Pavia in northern Italy.

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.

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.