Refiners Are Having To Pay To Produce Gasoline
When the oil markets go into a deadly tailspin as they have right now, sooner or later, everybody in the value chain starts to feel the heat keenly. Only three Continue Reading
Global oil refiners shut down as coronavirus destroys demand
he first oil refinery shutdowns in India and Europe were announced on Friday while global refinery runs drop like a stone in response to plunging demand as countries worldwide implement Continue Reading
American Pump Prices Fall Below $2 in First Time in Four Years
U.S. retail gasoline dropped below $2 a gallon for the first time since March 2016, before President Trump was elected. The average pump price fell to $1.99 per gallon Friday, retail tracker GasBuddy said. Continue Reading
Cheap Gasoline Forcing US Refiners to Throttle Back
Oil refiners across the U.S. are being forced to throttle back operations amid a historic plunge in gasoline demand and prices. Plants representing more than 10% of U.S. fuel-making capacity Continue Reading
Refiners Race To Reduce Rates As Fuel Demand Falls Off A Cliff
Refining operations in Europe and elsewhere in the world are being curtailed as gasoline and jet fuel demand is falling off a cliff due to the enormous demand destruction in Continue Reading
Refiners Race To Reduce Rates As Fuel Demand Falls Off A Cliff
Refining operations in Europe and elsewhere in the world are being curtailed as gasoline and jet fuel demand is falling off a cliff due to the enormous demand destruction in Continue Reading
Exclusive: Sinclair Oil weighs offers for company sale: sources
Sinclair Oil Corp, which operates two Wyoming refineries and has licensed more than 1,000 branded gasoline stations, is reviewing offers to buy the company, according to three people familiar with Continue Reading
Canadian firm starts US prep work for Keystone XL pipeline
A Canadian company said Wednesday it has started preliminary work along the route of the proposed Keystone XL oil sands pipeline through the U.S. in anticipation of starting construction next Continue Reading
It’s official: Federal judge shuts down the largest oil refinery on the East Coast
A federal judge finally confirmed the Chapter 11 bankruptcy plan of Philadelphia Energy Solutions (PES) on Thursday. The plan includes the sale of PES’s 1,300-acre refinery complex to a real Continue Reading
China’s Shandong independent refiners cut run rates to 4-year low of 40% in Feb
China’s independent refineries in eastern Shandong province have cut February run rates to a four-year low of around 40% in February, down from 63.5% in January, as product sales slump Continue Reading
Refinery run cuts in China, Japan prompt crude suppliers to slash offers
As major Northeast Asian refineries continue to slash their run rates and crude throughput levels in the wake of the coronavirus outbreak, various crude suppliers from West Africa, Far East Continue Reading
China’s Shandong independent refiners cut run rates to 4-year low of 40% in Feb
China’s independent refineries in eastern Shandong province have cut February run rates to a four-year-low of around 40% in February, down from 63.5% in January, as product sales slump due Continue Reading
This Philadephia refinery is the country’s worst benzene polluter. Trump wants to keep it open.
Before it exploded last June, Philadelphia Energy Solutions (PES) — the largest crude oil refinery on the East Coast — was processing 335,000 barrels of oil each day. It was Continue Reading
Ten U.S. refineries emitted excessive cancer-causing benzene in 2019: report
Ten U.S. oil refineries, including six in Texas, released the cancer-causing chemical benzene in concentrations that exceeded federal limits last year, according to government data published by the green group Continue Reading
China’s small refineries to post deepest throughput cut as coronavirus spreads
China’s small-scale independent refineries are set to witness their sharpest throughput cut in February as the slowdown in the economy was aggravated by the coronavirus outbreak, refining sources and analysts Continue Reading
Refinery news roundup: Unplanned outages at key US Midwest refineries support stronger gasoline, diesel prices
Unplanned outages at several large Midwest refineries are supporting higher diesel and gasoline prices, market sources said. Group 3 suboctane gasoline was assessed at prompt NYMEX RBOB minus 1.15 cent/gal Continue Reading
Number of US crude oil refineries has declined but total distillation capacity has risen from 1982 to 2019
In 1982 there were over 250 operating crude oil refineries in the United States; that number declined to 132 by 2019, according to data from the US Department of Energy Continue Reading
Bad News For Oil: Refinery Profits Are Sliding
After a short-lived, half-hearted rally, oil prices are down again with a vengeance, retracing levels last seen before the assassination of General Soleimani by the American government. WTI prices surged Continue Reading
Exclusive: Royal Dutch Shell seeking buyer for Anacortes, Washington refinery – sources
Royal Dutch Shell Plc ( RDSa.L ) is looking to sell its oil refinery in Anacortes, Washington, according to three people familiar with the matter. If completed, this and other Continue Reading
French Unions Blockade Refineries in Bid to Stop Pension Reform
PARIS — French unions blockaded several oil refineries on Tuesday, aiming to cause shortages at petrol stations after a month-long public transport strike failed to force the government to withdraw Continue Reading
Massive Strikes In France Block Exxon Oil Refinery
Exxon’s refinery at Fos-sur-Mer in France was blocked by a strike of union workers on Tuesday as part of a massive French strike against a proposed pension reform, and shipments Continue Reading
Why oil refining is a critical part of the energy industry
It does not have the glamour of wildcatting in distant frontiers, nor the customer visibility of petrol stations, but oil refining is a critical part of the industry. It turns Continue Reading
French strike sees refinery units halted, tug assistance affected
Staff at Petroineos’ Lavera refinery in France started halting units this weekend due to a strike, according toCGT sources and local media reports. The company declined to comment. There have Continue Reading
Nigeria: Sell the Refineries
In the continuing efforts to revive the nation’s four refineries in Port Harcourt, Warri and Kaduna, the Federal government signed Memoranda of Understanding [MoUs] with China, India, Saudi Arabia and Continue Reading
New evacuation order for Texas city hit by explosion, chemical fire
Authorities issued a second evacuation order in a week for thousands of residents of a Texas city after air monitors discovered cancer-causing chemicals following an explosion and fire at a Continue Reading
Fires Still Burning at Texas Chemical Plant
Fires were still burning at a Texas chemical plant after multiple explosions injured three workers and forced residents of Port Neches to evacuate. As of about 6 a.m. local time Thursday, Continue Reading
US Refiners Reduce Crude Processing For First Time Since 2009
Refineries across the United States have reduced their total crude oil processing so far in 2019, as demand for oil products both in America and abroad has weakened, according to Continue Reading
Cause of Philadelphia fire sounds alarm over aging U.S. refineries
How did a piece of piping installed when Richard Nixon was U.S. president go without once being checked before leading to a fire that devastated the East Coast’s largest and Continue Reading
Too many refineries, not enough product demand will lead to closures, OPEC says
Vienna — OPEC on Tuesday said it expects 2.1 million b/d of refining capacity to be shuttered through 2025 due to overcapacity, and another 5 million b/d of further closures Continue Reading
Analysis: US crude inventories likely higher last week as refinery runs remain low | S&P Global Platts
US crude inventories likely climbed last week as many refiners remained in maintenance and imports climbed. Analysts polled by S&P Global Platts were looking for crude stocks to have climbed 2.5 Continue Reading
Winter Is Coming For Oil Refiners
The U.S. sanctions on Chinese tanker firms and the increased tensions in Middle Eastern waters have spoiled what many refiners had anticipated could be a bumper Q4 quarter just ahead Continue Reading
Refinery News Roundup: US refinery outages peak at 3.797 million b/d this week as IMO 2020 nears
New York — US refinery outages for the season peaked this week, reaching 3.797 million b/d offline for planned and unplanned work, about half of which is in the US Continue Reading
Fire forces Philadelphia Energy Solutions to file for bankruptcy again
Philadelphia Energy Solutions (PES) filed for its second Chapter 11 bankruptcy in less than two years on Sunday, a court filing showed, a month after a fire and explosion led Continue Reading
PES refinery outage adds to plight of homeless light sweet crude
A June 21 fire and explosion set to permanently close the biggest oil refinery on the U.S. East Coast has shaken markets as far away as the North Sea and Continue Reading
PES refinery expected to shut remaining units as crude supply dwindles: sources
The Philadelphia Energy Solutions refinery in Pennsylvania, the oldest and largest one on the U.S. East Coast, is expected to shut its remaining units on Monday as the plant uses Continue Reading
U.S. refiners in path of Storm Barry to keep running
Most U.S. refiners with plants in the path of Tropical Storm Barry took steps on Friday to keep them running, as the second named storm of the season strengthened and Continue Reading
Pennsylvania governor opposes tax dollars for refinery restart
Pennsylvania Governor Tom Wolf does not support using public funds to help save the Philadelphia Energy Solutions refinery complex from permanent closure after a massive fire last month, the governor’s Continue Reading
Europe boosts gasoline exports to U.S. after PES refinery fire
Gasoline exports from Europe to the U.S. East Coast rose sharply in early July after a fire at a major refinery in Philadelphia left a supply shortage in the densely Continue Reading
Harris County plans lawsuit against Valero for Houston refinery pollution
Harris County in Texas plans to sue Valero Energy Corp for pollution from its Houston refinery, the head of the county’s environmental law department said on Friday. A Valero spokeswoman Continue Reading
Philly’s Lost Supply Covered by Europe and US Gulf
U.S. East Coast ports can expect more cargoes like the one aboard the Maersk Cancun once Philadelphia Energy Solutions refinery shuts. The tanker delivered 296,000 barrels of reformulated gasoline from Continue Reading
Exclusive: Philadelphia Energy Solutions seeks to permanently shut oil refinery – sources
Philadelphia Energy Solutions (PES) is expected to seek to permanently shut its oil refinery in the city after a massive fire caused substantial damage to the complex, two sources familiar Continue Reading
Refinery Fire Brings High Summer Gas Prices
A fire at the largest refinery on the U.S. East Coast sent gasoline prices soaring, threatening to raise pump prices from Delaware to Maine just as American drivers get set Continue Reading
Unit at Philadelphia refinery completely destroyed in fire: sources
The alkylation unit involved in a massive fire on Friday at Philadelphia Energy Solutions Inc’s oil refinery has been completely destroyed, which will hamper the supply of gasoline from the Continue Reading
Massive fire Philadelphia refinery fire threatens facility’s future
A massive fire at Philadelphia Energy Solutions Inc’s oil refinery on Friday damaged the largest U.S. East Coast plant to the point that it could remain shut for an extended Continue Reading
US gasoline prices rise after blasts at Philadelphia refinery
US gasoline prices jumped after a large fire and explosions were reported at the Philadelphia Energy Solutions oil refinery, the largest on the Atlantic coast. Wholesale gasoline futures for delivery into Continue Reading
Fire burns out of control at Philadelphia refinery amid reports of explosions
A fire was burning out of control at an oil refinery in Pennsylvania on Friday morning, a Philadelphia fire department official said, as NBC Philadelphia reported a series of explosions Continue Reading
Exxon-Sabic Texas Project to Create Nearly 7,000 Jobs
Gulf Coast Global Ventures JV expects to break ground during third quarter. Exxon Mobil Corp. and Saudi Basic Industries Corp. (SABIC) will proceed with construction of a 1.8-million-metric-ton ethane steam Continue Reading
Shell Sells California Refinery for $1 Billion
Shell has struck a deal with refiner PBF Energy to sell it its refinery in Martinez, California, for up to US$1 billion, depending on the closing date, the buyer said Continue Reading
It’s Adapt Or Die For U.S. Refiners
The downstream sector of the oil and gas market may be facing challenging times ahead as the demand picture for refined products such as diesel, gasoline, and petrochemicals is expected Continue Reading
COLUMN: Loss of Iranian crude, China product exports hurt Asian refiners
As the first month of theoretically no Iranian crude oil exports comes to a close it seems that Asian refiners have been able to cope with the loss of supplies, Continue Reading