US refinery runs to rise as USGC units return to service
US refinery runs are expected to reach 15.18 million b/d for the week ended April 9, S&P Platts Analytics data showed, as refineries continue to come back online in the Continue Reading
China’s Refiners Are An Existential Threat To Regional Competitors
China’s build-up of oil refining capacity is threatening the viability of other Asian refiners as the country is about to become the world’s largest refiner this year amid still depressed Continue Reading
Cautious Refiners May Deal Major Blow To Oil Tanker Market
U.S. gasoline demand has rebounded to nearly pre-pandemic levels, but after a horrendous 2020, American refiners are looking to cut costs wherever and whenever possible in light of the still-sluggish Continue Reading
Oil demand drag takes toll on tankers, U.S. refiners
U.S. refiners are scaling back on hiring ships for longer periods to save on costs in another sign of uncertainty over when global oil demand will return to pre-COVID levels, Continue Reading
Texas Refineries Nearly Back to Normal
Nearly a month after an Arctic blast knocked out more than 18 of 30 Texas refineries, and almost 5 million barrels a day of crude-processing capacity, all but two sites Continue Reading
U.S. Oil Refineries Still Down And Out After Freeze
Just seven U.S. oil refineries out of the 18 that were down due to the Texas Freeze are operating normally as of Monday, according to Bloomberg. Those 18 refineries that Continue Reading
The Crisis Isn’t Over For Oil Refiners
Refiners and integrated oil firms continue to struggle with low refining margins, as a part of global oil demand—jet fuel consumption—is still enormously depressed by international travel restrictions. Margins for Continue Reading
U.S. REFINERY INSIGHTS: Texas Output Coming Back With Caution
Texas fuel makers are racing to restore operations knocked out by mid-February’s brutal winter storm, but they’re also casting a wary eye on improvements in the market and may be reluctant Continue Reading
Petrochemical restart efforts continue post-freeze
US Gulf Coast petrochemical producers were working to restart facilities that shut when a deep freeze hit the region the week of Feb. 15, but those efforts faced ups and Continue Reading
Texas Refiners Grapple with Damage from Storm
Refineries in Texas are finding a return to normal after last week’s Arctic blast and widespread power outages is a messy, stop-and-start process. At least seven of them were trying Continue Reading
Gulf Coast Fuel Makers Could Take a Week to Restart After Freeze
Four of the largest refineries in Texas are discovering widespread damage from the deep freeze that crippled the state and expect to be down for weeks of repairs, raising the Continue Reading
Extreme Cold Snap Paralyzes Texas Refineries
A brutal polar vortex has paralyzed much of Texas. Three million people are left without power as an extreme cold snap sends power demand to record highs . Energy infrastructure, Continue Reading
U.S. oil refiners set for worst earnings quarter of the pandemic
U.S. refiners are girding for a painful slate of fourth-quarter earnings, reflecting the pressure of rising crude prices, weak demand due to renewed COVID-19 travel restrictions, and higher costs of Continue Reading
US refiners hone carbon footprint plans, with focus on renewables
U.S. refiners have started to release plans to lower their carbon footprints, with a focus on reducing Greenhouse Gas (GHG) emissions by boosting renewables output, and through carbon capture programs. Continue Reading
Middle East-Asia oil sectors to shape global refining revolution
5 million b/d net refining swing from West to East over 2020-2021 Petrochemicals shift in Asia, bio-refining switch in Europe, US China to be dominant refining force in 2021 as Continue Reading
The Oil Refinery Crisis Will Worsen This Winter
It was only to be expected that many of the world’s refiners would be pinched between low demand for finished products and rising inventories as the pandemic lockdowns continue to Continue Reading
Pandemic Pushes Fuel Makers in Richer Countries to the Brink
An Exxon Mobil refinery on the outskirts of Melbourne, Australia. A decade ago, Australia was home to seven refineries. Now, it has four. Soon, it could have just one. Covid-19 Continue Reading
A Refinery Crisis Is Brewing In Oil Markets
The ongoing energy transition combined with the effects of Covid-19 will drive future oil demand to lower levels than what was expected just months ago. As a result, a plethora Continue Reading
Renewed Lockdowns Threaten More Refinery Closures In Europe
More refineries in Europe are at risk of permanent closures, with fuel demand on the continent falling again as major economies re-imposed lockdowns to fight the spike in coronavirus cases. Continue Reading
Libya’s output surge readily absorbed by refiners in sign of strong oil demand: traders
Refiners have quickly snapped up the faster-than-expected 1 million b/d rise in Libyan crude production with scant effect on market structure, indicating firm demand, two top oil traders said Nov. Continue Reading
Proposed $3.3B gasoline plant in southern Arizona halted
Construction of a proposed gasoline plant in southern Arizona that would have generated more than 2,000 jobs has been halted after the company planning the project reprioritized its projects, a Continue Reading
Adapt Or Die: Refiners Face An Impossible Decision
Refinery conversion and closures: this is the shortest summary of things happening in the downstream industry right now. With the pandemic wreaking havoc on oil—and fuel—demand, refiners have found themselves Continue Reading
Fuel Demand Slump Speeds Up Refinery Closures
Refiners around the world have been announcing permanent closures of refinery capacity this year after the pandemic crushed fuel demand worldwide, and significant overcapacity still remains, the International Energy Agency Continue Reading
N.J. Refinery Is the Latest Casualty of Fuel-Demand Collapse
PBF Energy Inc.’s Paulsboro refinery in New Jersey has became the latest oil processing facility to fall victim to a Covid-driven collapse in fuel demand, announcing plans to idle operations Continue Reading
Maintenance, run cuts, closures in focus in Europe
Maintenance works are starting at a number of refineries in Europe as demand for products and margins remain under pressure. Some plants have also decided to halt fully or keep Continue Reading
Refiners Stuck in Middle of Oil Market Upheaval
The global network of tankers, pipelines and refineries that makes useful fuels out of crude oil is built on long-standing patterns of consumption: so much gasoline for the world’s drivers, Continue Reading
Citgo Sets Timeline to Restart Louisiana Refinery
CITGO Petroleum Corp. on Wednesday issued on update on its progress restoring operations at its Lake Charles, La., refinery, which sustained damage from Hurricane Laura nearly four weeks ago. In Continue Reading
US oil refiners hope fat is way out of lean times
California’s goals for cleaner motor fuels are sparking changes at big US oil refiners, as they retool to make a form of diesel from cooking oil cast off by restaurants Continue Reading
New Breed of Refineries Emerging in Asia
As the age of the hydrocarbon enters its final era, the action increasingly moves to Asia and plastics take center stage. With demand for transport fuels set to tail off Continue Reading
Intense Competition Forces Western Refiners To Reinvent Themselves
The Covid-19 pandemic and the oil crisis have taken a heavy toll on demand for transport fuels such as gasoline and jet fuel leading to severe margin compression for refineries. Continue Reading
Some plants in Asia-Pacific considering halts
A number of refineries in Asia-Pacific are either halting operations or considering shutdowns given the uncertain outlook, including the Philippines’ Tabangao, Australia’s Geelong and New Zealand’s Marsden Point. Meanwhile, some Continue Reading
Refinery Closures Continue Amid Oil Demand Slump
Refiners are shutting down permanently or converging oil refineries as the demand crash from the pandemic continues to crush refining margins. Several refiners and oil majors have recently announced permanent Continue Reading
Russian refineries report lower Q2 throughput
Russian oil companies reported lower refinery throughput in Q2 due to reduced demand for oil products. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Motor fuel Continue Reading
Phillips 66 to convert San Francisco Refinery into world’s largest renewable fuels plant; 800M+ gallons per year
Phillips 66, a diversified energy manufacturing and logistics company, plans to reconfigure its San Francisco Refinery in Rodeo, California, to produce renewable fuels. The plant would no longer produce fuels Continue Reading
U.S. Oil Refiners Accelerate Shift to Renewables in Downturn
An abundance of fossil fuels combined with advances in technology to harness wind and solar power has sent energy prices crashing around the world. WSJ explains how it all happened Continue Reading
Delta Air Lines Bought an Oil Refinery. It Didn’t Go as Planned.
Jet fuel is known as the Steady Eddie of the refinery business, a predictable profit maker that balances the seasonal gyrations of gasoline and diesel sales. But for airlines, it Continue Reading
Refiners Retrench as Demand for Gasoline, Jet Fuel Shrivels
An abundance of fossil fuels combined with advances in technology to harness wind and solar power has sent energy prices crashing around the world. WSJ explains how it all happened Continue Reading
Oil Price Crash Forces Refiners To Consolidate Or Die
Oil demand is recovering. This has been the most important message from analysts for the energy industry over the past couple of weeks. OPEC+ is cutting production, and so are Continue Reading
Italian Oil Major Looks To Leave Conventional Refining
Italian major Eni plans to exit traditional refining activities within the next decade as it is focused on bio-refineries and accelerating its transition to low-carbon energy, chief executive Claudio Descalzi Continue Reading
Shell Idles Unit At Texas Refinery Due To Demand Crash
Shell is idling a unit at the Deer Park, Texas, refinery for several months due to low demand for fuels, sources familiar with the refinery’s operations told Reuters . The Continue Reading
Texas Refiners Contend with Virus Rebound
Oil refineries aren’t being spared as Covid-19 sweeps through Texas, which is setting records for new infections and hospitalizations in the U.S. almost daily. The second-biggest U.S. refinery, Marathon Petroleum Continue Reading
Shell Considers Selling Its 240,000 Bpd Louisiana Refinery
Shell is considering selling its 240,000-barrels-per-day refinery in Convent, Louisiana, as part of a broader strategy to reshape its refining portfolio, the supermajor’s spokesman Curtis Smith told Reuters . Sources Continue Reading
US Refineries Still Running Below Seasonal Norm
U.S. gasoline demand recovered to where it was before the pandemic closed much of the country, but it’s still well-below where it usually is in height of the summer driving Continue Reading
Oil crash piles pressure on bloated refining sector
Oil refineries are struggling as the worst demand-crash in decades cascades through the industry, leaving plants around the world at risk of closure. Demand for fuel remains depressed and stockpiles are Continue Reading
Lost in Oil’s Rally: $2 Trillion-a-Year Refining Industry Crisis
Crude oil is the world’s most important commodity, but it’s worthless without a refinery turning it into the products that people actually use: gasoline, diesel, jet-fuel and petrochemicals for plastics. Continue Reading
Analysts Expect Refinery Closures
The global refining industry is entering a consolidation phase as slowing oil demand growth is set to coincide with large-scale projects that will start coming online next year, according to Continue Reading
Goldman Says Refineries to Shut on Less Demand, New Projects
The global refining industry is entering a consolidation phase as slowing oil demand growth is set to coincide with large-scale projects that will start coming online next year, according to Continue Reading
US refinery capacity tops 20 million b/d in 2020 as refiners slow, defer further expansion plans
The US Energy Information Administration’s annual report on American refineries showed capacity topped 20 million b/d in 2020, as refiners increased their ability to run more price-advantaged domestic crude to Continue Reading
USAC refiners see higher Bakken margins
New York — Better margins have US Atlantic Coast refiners buying more Bakken, as exports of the North Dakota crude appear to have tapered off and the grade’s discount widened, Continue Reading
Exxon Slows Gulf Refinery Expansion
Exxon Mobil Corp. will delay the startup of its Beaumont refinery expansion on the Texas Gulf Coast by a year as the oil giant weathers low demand for petroleum products Continue Reading