Gasoline
US gasoline exports to Venezuela hit record high
The volume was more than double the October level of 39,000 bpd. The gasoline exports come as Venezuela has suffered persist operating problems at some refineries. The country's largest refinery, Amuay, still has recovered only a little more than 50% of capacity since it was shut down after an August accident.
US could become world's biggest liquid fuels producer by 2014
Total US production of liquid fuels could equal or surpass Saudi Arabia as early as next year, but crude oil output will still remain short, according to an EIA administrator.
Refiners now have a new biofuel option
Biobutanol is coming to market as a gasoline blendstock and can be efficiently made by a range of renewable feedstocks.
HP Industry Perspectives: 2012: Is it over yet?
According to a year-end report from the American Chemistry Council (ACC), the global economy is still stumbling three years after the “great recession of 2008.” The Euro area is challenged t..
HP Impact: US crude production hits 15-year peak
The US Energy Information Administration (EIA) reports that US crude oil production (including lease condensate) averaged almost 6.5 million bpd in September 2012, the highest volume in nearly 15 year..
HP Impact: Canadian oil sands GHG emissions scrutinized
IHS has released an update to its 2010 report comparing the greenhouse gas (GHG) emissions from fuels made from Canadian oil sands to those from other crude sources. The new analysis found that total ..
US gasoline demand rises 4.5% from prior week
The 4.5% increase to 4.5% to 8.95 million bpd came as gasoline prices sank 15 cents per gallon over the Dec. 7-21 period. Gasoline prices are now at their lowest level in a year and are flat compared with last year's level, said John Gamel, gasoline analyst for MasterCard Advisors SpendingPulse.
PdVSA holds meetings with Repsol, Eni to discuss fuel, energy ventures
In a statement released Wednesday, PdVSA, as the Venezuelan company is known, didn't specify what the discussions with Repsol would include. It noted, however, the state entity is in the process of "reviewing and advancing" agreements with its Spanish counterpart, as well as Italy's Eni .
API sees lower US oil, gasoline, distillate demand
The US used the lowest volume of oil in 17 years in November, the API trade group said. With the exception of May, US oil use has fallen year-on-year in each month so far in 2012. Eleven-month demand is down 2.1%, or around 400,000 bpd, from the same period a year earlier.
Sasol advances to FEED stage on huge Louisiana GTL plant, ethane cracker
Sasol is beginning engineering and design work for what would be the first US refinery to convert natural gas into diesel. The facilities would be built in Westlake, Louisiana. Sasol said it will make a final investment decision on the plant in 2014, after the engineering and design review is finished.
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