Refining - Crude oil

  • Russia plots second oil pipeline to China refineries July 01, 2015

    The Asian nation’s increasing reliance on oil from its northern neighbor also benefits a Russian economy weakened by American and European sanctions over Ukraine and a collapse in the ruble.

  • Oil prices fall as US refiners boost fuel inventories June 24, 2015

    Supplies of distillate, including heating oil and diesel, gained for a fifth week, while gasoline stockpiles rose for a second, the Energy Information Administration said. US refineries processed the most crude for this time of year since at least 1989.

  • Saudi oil exports drop as refiners raise processing June 18, 2015

    The nation processed 2.22 million bpd in domestic refineries in April, the most since at least January 2002 when JODI started collecting statistics from governments.

  • BNSF expects US crude-by-rail volumes to rise as refinery demand jumps June 15, 2015

    The production cuts and strong demand from refineries have led prices to rebound to about $60/bbl from a six-year low of less than $44 in March. Another increase in oil-by-rail volumes would come as environmental groups and government agencies question the safety of rail transport.

  • Calumet Specialty opens new Mexico facility for base, transformer oils June 11, 2015

    Through its Mexico facility, Calumet will offer a wide range of products to customers in Mexico and Latin American markets. The initial product focus will include base oils, transformer oils, waxes, white mineral oils, petrolatum, and other specialty hydrocarbon fluids, such as solvents.

  • US refiners raise oil use on high margins, demand June 10, 2015

    Plants are delaying maintenance scheduled for 2015 until 2016 to take advantage of “incredible” margins and demand for refined products including gasoline.

  • Oman to buy out Vitol’s stake in oil, fuel trading June 09, 2015

    State-owned Oman Oil Co. and Vitol trade Omani crude and refined products for the government-owned refinery company, as well as dealing in other regional crudes and fuels.

  • Z Energy buys Chevron’s gasoline operations in New Zealand for $558 M June 08, 2015

    “The New Zealand transport fuels market is and will remain highly competitive,” Z Energy CEO Mike Bennetts said. “Z and Caltex are only two players in a very dynamic marketplace in which there are currently five importers of refined fuel and crude oil and where motorists have the choice.”

  • Canadian refiner Irving Oil names new leadership June 05, 2015

    Irving, which is controlled by billionaire Arthur Irving and his family, also named former general manager of refining and supply Mark Sherman as its chief operating officer, the Saint John, New Brunswick-based company said. Arthur’s daughter, Sarah Irving, has been named executive vice president.

  • Canadian refiners import record US oil volumes June 04, 2015

    “Refineries are coming out of maintenance, and US oil is looking attractive compared to other imports,” said Richard Mallinson, an analyst at consulting company Energy Aspects.

  • Consider a modular approach to constructing condensate splitters June 01, 2015

    Although the 1975 ban on crude oil exports remains in place, US oil producers have found more opportunities in shipping condensate both domestically and internationally. This practice is possible due to condensate splitters, which provide a workaround solution by separating crude oil into lighter byproducts. Because these lightly refined byproducts can be exported, investment in new condensate splitter capacity has grown.

  • HP Industry Metrics June 01, 2015

  • Libyan planes bomb gasoil tanker at Islamist port May 26, 2015

    The Anwaar Afriqya, a tanker carrying 30,000 metric tons of gasoil from Motor Oil Hellas’s refinery in Greece, was attacked while anchored off Sirte in central Libya, the coastguard chief said.

  • Record US refinery demand drives oil prices up May 26, 2015

    Crude speculators missed out, as record demand from US refineries helped trim supplies from their highest level in more than eight decades and lift oil market prices higher.

  • Obama trims goals for US electric cars as gasoline engines drive market May 22, 2015

    With little fanfare, the president scaled back the ambitious goals laid out in his 2009 executive order that mandated the million units on the road by 2015 as it became clear that technology and consumer interest were not keeping pace with his ideals.

  • PdVSA seeks North Sea, Africa sweet oil to refine May 21, 2015

    The company, which also has long-term plans to build six upgraders to process heavy oil from the Orinoco belt, for now is focusing on a strategy of mixing imported light oils with its domestically produced crudes to create an export blend.

  • US oil stockpiles fall as refiners lift operating rates May 20, 2015

    Crude inventories declined 2.67 million bbl last week, according to the Energy Information Administration, as refinery operating rates rose for the third time in four weeks.

  • Oil’s share of US transport fuel hits 61-year low May 20, 2015

    While petroleum products still comprise more than 90% of US transport fuel demand, the share taken up by ethanol, gas and electricity has now more than doubled since 2000.

  • Tesoro Refining upgrades crude rail car fleet to meet new US regulations May 18, 2015

    Tesoro worked with Union Tank Car Company (UTLX) beginning in February of last year to develop a rail car expected to meet or exceed forthcoming regulations. UTLX, which is manufacturing the cars and leasing them to Tesoro, has substantially completed the first group of enhanced cars.

  • Oil billionaire Pickens sells stakes in US refiners May 15, 2015

    Pickens' fund exited eight companies, including HollyFrontier, Marathon Petroleum and Phillips 66, according to a filing with the US Securities and Exchange Commission on Friday.

  • US to pass China as top oil buyer as demand from Chinese refiners slows May 14, 2015

    China may relinquish its new status as the world’s top oil importer back to the US in coming months, when many expect demand from refineries to slow and processing to decline.

  • Oil prices pare gains as US refiners cut crude use by most in four months May 13, 2015

    Plants processed 2% less crude in the seven days ended May 8 than the previous week, the Energy Information Administration said in a report on Wednesday. The refinery utilization rate fell by 1.8 percentage points. Analysts surveyed by Bloomberg had expected a gain.

  • China’s CNOOC begins exports of gasoline, diesel May 07, 2015

    China National Offshore Oil Corp (CNOOC) has received government approval to begin international exports of diesel and gasoline cargoes in early May.

  • Study: US oil exports would cut refining growth May 07, 2015

    Domestic capacity would rise by 2.4 million bpd, assuming the ban is not changed, and by 800,000 if it is lifted, according to the new report by Turner, Mason & Co. for the EIA.

  • Calumet strikes US crude supply deal with Plains for Louisiana refinery May 06, 2015

    Oil will be shipped to Calumet's Shreveport refinery on the Caddo Pipeline, an 80,000 bpd pipeline owned by Plains and Delek Logistics, expected to reach completion by mid-2016.

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