Economics
U.S. distillate fuel oil demand will increase in the fall due to agricultural harvest
The U.S. Energy Information Administration (EIA) expects distillate fuel oil consumption to increase in the fall as diesel-powered agricultural equipment is used to harvest and transport crops.
ARA gasoline exports to West Africa hit multi-year lows in September
A Belgian law restricting exports of low-quality fuels and financial constraints among Nigeria's importers are squeezing sales of gasoline from Northwest Europe to West Africa, leaving buyers to explore other options until Nigeria's Dangote refinery is able to meet demand.
Singapore's middle distillates stocks snap three-week fall
Singapore's middle distillates inventories rebounded to a three-week high after falling for three consecutive weeks.
Update: U.S. crude oil inventories rise as refining activity dips
U.S. crude oil inventories rose last week as refinery utilization rates fell amid weakening fuel demand.
Digital Feature: E-methanol: Benefits, process, challenges and a novel technology to produce fuel
Hydrocarbon Processing sat down with Andrew Symes, Founder and Chief Executive Officer, OXCCU, to discuss the production, benefits and challenges of e-methanol, as well as a novel, one-set process to produce it.
Abu Dhabi's ADNOC to buy German chemicals firm Covestro for $16 B
Abu Dhabi's ADNOC has struck a deal to buy German chemicals maker Covestro for €14.7 B ($16.3 B), including debt, in the energy giant's biggest ever acquisition.
U.S. renewable diesel production capacity posts largest monthly decline on record
U.S. renewable diesel production capacity declined in July by the most since the industry began its rapid expansion three years ago.
OCI Global completes $2.35-B sale of clean ammonia to Woodside
OCI Global announced the completion of the sale of 100% of its equity interests in its 1.1 MMtpy Clean Ammonia project under construction in Beaumont, Texas to Woodside Energy Group Ltd for $2.35 B.
Big U.S. oil companies reveal massive payments to foreign governments
The three largest U.S. energy exploration companies paid more than $42 B to foreign governments last year, about eight times more than what they paid in the U.S.
Exxon director joins Elliott group seeking to acquire Citgo Petroleum
ExxonMobil board director Gregory Goff recently joined a newly formed Elliott Investment Management-backed company seeking to acquire control of Venezuela-owned oil refiner Citgo Petroleum.
- Ampol to carry out further maintenance at Lytton, 3Q output plunges 10/15
- Update: Three workers sue Pemex for injuries at Texas refinery 10/15
- BASF to build world’s largest industrial heat pump for CO2-free steam generation 10/15
- Fertiglobe becomes ADNOC’s platform for low-carbon ammonia growth globally 10/15
- Global refinery margins fall to multi-year seasonal lows in September 10/15
- UNICAT partners with international specialist to design and build hydrogen-producing PSA systems 10/15
