Refining
Global diesel glut looms as refiners hike rates to meet gasoline demand
Oil refiners are shifting into high gear to provide as much gasoline as possible for fuel-hungry drivers, and that could lead to a growing diesel glut further down the road.
Analysts wonder if US gasoline consumption data may be overstated
The US consumption figures are so high that some analysts question whether the gasoline is actually being exported rather than consumed domestically.
US gasoline prices rise as demand improves
The rise in gasoline prices is partly because of a seasonal increase in demand as more people are on the road as the weather improves and the days are longer.
API poll: High ethanol mandates worry US voters
“Across the political spectrum, voters are concerned about the significant damage the RFS mandate and higher ethanol blends could cause to automobiles, motorcycles and almost every type of gasoline powered engine,” said Frank Macchiarola, downstream group director at the API.
Kuwait’s oil, gas workers plan to go on strike
Workers fear reduced salaries, benefits and layoffs will be part of a planned government overhaul of the payroll system in the public sector, according to the union.
US crude stocks unexpectedly fall as refiners run in overdrive
The EIA report was "modestly supportive" with the jump in refinery runs and fall in imports "obvious catalysts in causing overall crude oil inventories to decline," a key analyst said.
Nigeria secures $200MM from oil majors to help pay for fuel imports
Africa's top producer, which needs to import most of its fuel needs, suffers from hard currency shortages due to a slump in oil revenues. For weeks, motorists have been queuing at petrol stations.
Lyondell cuts Houston refinery output after fire
A large fire broke out Friday morning at LyondellBasell’s 263,776-bpd Houston refinery in Texas. It is the second major refinery fire in two days in the metro Houston area.
Nigeria’s fuel shortage lingers as NNPC eyes deals
Despite pumping 1.8 MMbpd of oil, Nigeria imports most of its fuel as its outdated refineries are often out of action. Analysts say fraud at a subsidized petrol scheme is also leading to the shortages.
TransCanada delays restart of Keystone oil line serving Illinois refinery
The outage of the Keystone oil pipeline from Canada has forced refiner Phillips 66 to cut run rates and shut units at its 306,000 bpd Wood River refinery in Illinois.
- Maersk to use SAF to decarbonize airfreight travel 11/29
- Foundation stone laid for 1.2-MMtpy blue ammonia plant in Qatar 11/29
- Mexican firefighters extinguish second fire in one week at Pemex refinery 11/29
- Australia's Ampol ends Lytton refinery repairs, provides output forecast 11/29
- Indonesia committed to introduce B40 biodiesel on Jan. 1 11/29
- Russian oil refinery runs in Nov. up 6% m/m 11/29
