Refining
LyondellBasell CEO says Houston refinery may be sold in future
LyondellBasell CEO Bob Patel said the chemical company could sell off the 263,776-bpd Houston refinery in the longer-term, as it could have more value in a refining system.
AltAir selects UOP’s renewable jet fuel technology at California biorefinery
AltAir revamped portions of a petroleum refinery in Paramount, California, where it is now producing renewable transportation fuels for commercial and military use.
Crude prices rise as Chinese fuel demand soars
China's demand exerts a strong influence, as its government is taking advantage of low prices to build strategic reserves and gasoline consumption is soaring because of rising car sales.
DuPont to supply clean technologies for Hengli’s new Chinese refinery
The grassroots refinery complex, with the addition of DuPont's STRATCO alkylation technology, will allow Hengli to produce a high-quality alkylate product from a 100% isobutylene feed stream.
Nigeria’s refining workers end strike after talks
Following exhaustive deliberations, "the corporate-wide strike has been suspended", a tweet on NNPC's Twitter account said. The strike included refinery workers and maintenance staff.
Rising gasoline stockpiles may threaten recovery in global crude markets
Gasoline stocks in Europe's Amsterdam-Rotterdam-Antwerp hub hit a record in February of 1.33 million tons, up 60% year on year, according to consultancy PJK International.
Oil prices fall as US refinery maintenance nears
Some analysts said on Thursday that last week's gasoline stock build, which was triple expectations, could be partly due to the market transitioning from winter-grade to summer-grade motor fuel. They also said the US refinery maintenance season could push crude stockpiles to even bigger highs.
Global distillate markets remain oversupplied as freight demand lags
Recent data have been mixed. The consumer side of the US economy appears to be strong, but the industrial side is still struggling. And in the rest of the world, growth appears to be slowing.
ExxonMobil to sell Canadian retail fuel network
The sales by ExxonMobil subsidiary Imperial Oil are anticipated to close by year-end 2016, subject to regulatory approvals. Proceeds from the transactions are valued at about C$2.8 billion.
Oil demand from Chinese refiners could slow if crude passes $40/bbl
Trade sources said oil import momentum has slowed after a $10/bbl gain in Brent crude futures in the past three weeks, and new refining buyers may choose to draw down inventories.
- Maersk to use SAF to decarbonize airfreight travel 11/29
- Foundation stone laid for 1.2-MMtpy blue ammonia plant in Qatar 11/29
- Traders using STS transfers near Senegal to export Russian naphtha to Brazil 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
