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
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
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
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
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 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
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 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
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
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
