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
European refiners restart plants, units
European refineries that were suspended due to the coronavirus are now restarting plants or units, as demand picks up, even though margins remain volatile. Receive daily email alerts, subscriber notes Continue Reading
The World Has Too Many Oil Refineries
At the start of the global pandemic in March, refineries around the world had to cut back on processing amid collapsing demand. However, there is a structural problem underway in Continue Reading
Refinery margin tracker: US refiners absorb Saudi barrels then turn to local supply
New York — US refinery margins gained traction last week, led by rising gasoline and diesel demand as regions reopened from coronavirus lockdowns – and just in time to refine Continue Reading
Supply Shortages Prevail During Covid-19 Outbreak, Restricting Growth of Oil-water Separator Market
Global Oil-water Separator Market Growth Projection The new report on the global Oil-water Separator market is an extensive study on the overall prospects of the Oil-water Separator market over the Continue Reading
Crashing Fuel Demand Leads To Large Loss For This Big U.S. Refiner
U.S. refiner Valero Energy Corporation ( NYSE: VLO ) reported on Wednesday a net loss of $1.9 billion for Q1, compared to a profit for the same period last year, Continue Reading
Prolonged coronavirus impact exposes cracks among Asia, Oceania refiners
An extended period of coronavirus-related oil demand destruction has exposed weaknesses in Asia and Oceania refineries, with a slew of fuel producers in the region reviewing 2020 operation plans in Continue Reading
China’s March oil product output slumps 13% on year at 33.85 mil mt
China’s overall output of six major oil products — LPG, naphtha, gasoline, jet/kerosene, gasoil and fuel oil — fell by an average of 12.5% year on year at 33.85 million Continue Reading
Refinery margin tracker: USWC refinery run cuts pay off as Saudi crude arrivals ramp up
Weak refining margins resulting from poor demand has US West Coast refiners further paring back runs, with Marathon temporarily idling its 161,500 b/d Martinez, California, refinery as stay-at-home orders remain Continue Reading
Some refineries in Africa halt on coronavirus
Some refineries in Africa are halting production or considering reducing throughput due to reduced demand on the coronavirus pandemic and soaring inventories. Chad’s Ndjamena refinery in Djarmaya temporarily suspended processing Continue Reading