Refining
El Nino’s end offers hope for distillate fuel markets
Global oil refiners struggling with enormous stocks of distillate fuel oil as a result of a warm winter and the slowdown in world trade should benefit as the El Nino pattern fades.
Crude prices rise to seven-week high amid strong US gasoline demand
Strong gasoline demand in the US, and an upward revision to the country's economic growth for the fourth quarter, helped boost expectations of oil consumption.
Finland to offer financial aid package for biofuels
"Finland will stop using coal in energy production and halve the use of imported oil for domestic needs during the 2020s," the Ministry of Employment and the Economy said.
Bulgaria investigates possible fixing of fuel prices
The Commission for Protection of Competition is investigating the Bulgarian units of Royal Dutch Shell, OMV, Hellenic Petrolleum, Nis Petrol, Lukoil, Rompetrol and Bulgarian Petrol.
US refiners lose control of distillate stockpiles
US refineries have operated to maximize gasoline production, but in the process created an enormous and growing oversupply of distillate.
Syrian refinery takes hit as US leads new strikes against Islamic State
Near al-Hawl, five of the strikes hit two tactical units and destroyed seven buildings and a fighting position, while near Albu Kamal, two strikes hit a gas and oil separation plant and a refinery.
China seeks urban ban on high-sulfur diesel sales
The tighter fuel standards are an attempt to tackle air pollution. Emissions from automobiles, especially from diesel-burning trucks, are one of the main contributors to the choking smog in China.
IHS CERAWeek: Global refiners expect margins to drop from 2015 levels
This year, the IEA has said it expects demand growth of 1.2 million bpd, down from last year's unusually high rate, as the global economy slows and new car purchases decline.
Fluor opens craft training center on US Gulf Coast
The new training center supplements Fluor’s ongoing investments in craft workforce development. Fluor currently provides no cost, after-hours training at many of its jobsites.
Shell unveils changes to leadership, downstream structure in US, Canada
The Athabasca oil sands project and the Scotford upgrader in Canada will join Shell's global downstream organization under downstream director, John Abbott.
- Consortium creates world's first supply chain for the production of renewable plastics 2/6
- Valmet to deliver advanced process analytical solutions to Dow’s Path2Zero ethylene project 2/6
- Tampnet brings mission-critical connectivity to hydrocarbon processing industries 2/6
- Cheniere submits application to build massive LNG plant in Texas 2/6
- OQ and Kuwait Petroleum sign PDA for Duqm petrochemical complex project 2/6
- Phillips 66 to lay off workers as Los Angeles (U.S.) refinery shuts down 2/6
