Blog
OPEC's iron grip on oil slides as US shale charges forward
5/28/2017

At OPEC's recent meeting in Vienna, the Saudi-led oil cartel opted to extend its crude oil production cut by nine months to March 2018. Early approval by Iran—OPEC's second-largest producer—added weight to the decision.

Asia’s refinery delays can only help with oil glut
5/22/2017

Seeing the startup of a refinery project delayed usually has a negative connotation, but the announcement of several Asian refinery delays, will allow OPEC producers, and leading providers to Asia, Saudia Arabia and Russia to extend output cuts, giving some relief to the oil glut the industry is still facing.

Trump’s climate dilemma: Will US remain in the Paris Accord?
5/15/2017

US Secretary of State, Rex Tillerson signed an agreement at a meeting of the Arctic nations Thursday, recognizing the Paris climate accord. With the signing of this agreement, what does that say about the administration’s stand on the Paris accord, and will the President decide the US should stay in it?

Getting value from data analytics in process plants
5/1/2017

Digital transformation offers promise for many facets of operations and maintenance. Smart analysis of patterns of process data can illustrate opportunity to improve quality, yield and efficiency.

Is the O&G industry becoming more ‘green’?
4/25/2017

While the term “environmentally conscious” doesn’t spring forth images of the oil and gas industry, the fact is, the industry is consistently implementing new ways to reduce its carbon footprint, integrating new fuels into its business and updating its refineries with newer, environmentally friendly technology.

Embracing the digital revolution
4/17/2017

The digital revolution is here, and the oil and gas industry is finally catching up and embracing the new technologies available.

Industry Metrics: US, Asian fuel markets recover while European margins fall
5/4/2016
2016 Archive

US refinery margins recovered as product markets were supported by strong domestic gasoline demand and temporarily tight sentiment fueled by the switch to summer-grade gasoline. In Europe, the lack of..

Global refining margins help lift crude oil prices
4/20/2016
2016 Archive

By John KempLONDON, April 20 (Reuters) -- Global refining margins have improved significantly in recent weeks, which should support strong demand for crude and lend some strength to both spot prices a..

Industry Metrics: US, international product markets show weakness
4/5/2016
2016 Archive

US product markets weakened despite strong domestic gasoline demand. Gasoline crack spreads lost ground due to oversupply and rising inventories. European markets were impacted by the lack of export o..

Daily editions of the AFPM 2016 Annual Meeting official newspaper
3/16/2016
2016 Archive

SAN FRANCISCO -- Enclosed are digital copies of all three daily editions of the official conference newspaper of the AFPM 2016 Annual Meeting, held at the Hilton Union Square.Day 3Day 2Day 1..

IHS CERAWeek: Strong global petrochemicals demand fuels optimism for Chevron Phillips
2/24/2016
2016 Archive

By Ben DuBoseDigital EditorHOUSTON -- Operating within the challenge and uncertainty of the current energy environment, Chevron Phillips Chemical’s executive vice president Mark Lashier outl..

As US shale sinks, pipeline fight sends woes downstream
2/22/2016
2016 Archive

By Tom HalsWILMINGTON, Del., Feb 22 (Reuters) -- Within weeks, two low-profile legal disputes may determine whether an unprecedented wave of bankruptcies expected to hit US oil and gas producers this ..

ARC Strategy Forum navigates an industry in transition
2/9/2016
2016 Archive

By Mike RhodesManaging EditorORLANDO, Florida -- The ARC Strategy Forum opened Monday in Orlando, bringing together industry leaders to discuss how companies are beginning to move beyond the computer-..

Industry Metrics: US gasoil crack spread tumbles to multi-year low
2/8/2016
2016 Archive

US product markets weakened despite unseasonably strong gasoline demand, and the gasoil crack spread hit the lowest level seen in more than five years, under pressure from increasing supplies amid thi..

VIDEO: Safety investigators explain findings of probe into West Fertilizer explosion
1/29/2016
2016 Archive

By Ben DuBoseDigital EditorThe US Chemical Safety Board (CSB) today released a safety video into the fatal April 17, 2013, fire and explosion at the West Fertilizer Co. in West, Texas, which resulted ..

Russia strengthens position as crude supplier to Chinese refiners
1/26/2016
2016 Archive

By Chen AizhuBEIJING, Jan 26 (Reuters) - Russia beat out Saudi Arabia as China's top crude oil supplier for the fourth month in 2015 in December due to robust demand from independent Chinese refiners ..

Industry Metrics: Asian, European margins rise on higher gasoline, distillates demand
1/18/2016
2016 Archive

Asian margins showed a strong recovery due to higher winter heating fuel demand, supporting middle distillate crack spreads. US product markets strengthened slightly, despite supply-side pressure with..

Meet the downstream Chinese newcomers staking a claim to global oil trading
1/13/2016
2016 Archive

By WINNIE ZHU, SERENE CHEONG, JING YANG and SARAH CHENBloombergChina is forecast to overtake the US as the world’s biggest crude importer in 2016, and that’s largely thanks to a group of buy..

Weak oil markets prompt Saudi leaders to make quicker decisions
1/8/2016
2016 Archive

By BEN HOLLANDBloombergSaudi Arabia, one of the most tradition-bound societies on the planet, where family structure and tribal patriarchy differ little from a century ago, is suddenly in a hurry. It ..

US to export light, sweet crudes to Europe as US Gulf refiners target heavier grades
12/24/2015
2016 Archive

By SHEELA TOBBENBloombergThe days of empty oil tankers leaving the Houston Ship Channel are over.Now that the US has ended crude export restrictions after 40 years, tankers bringing crude oil to Houst..

Former US energy secretary: OPEC grip, surging gas to shape markets in 2016
12/9/2015
2016 Archive

By Adrienne BlumeExecutive EditorHOUSTON -- During a breakfast presentation of The Economist's 30th global forecastissue on December 9, Executive Editor of TheEconomist, Daniel Franklin, invited Spenc..

WINNERS: Top HPI projects of 2015
12/7/2015
2016 Archive

The global hydrocarbon processing industry continues to expand and modernize to efficiently meet growing demand for energy, transportation fuels and petrochemicals. Presently, Hydrocarbon Process..

Industry Metrics: Global refining margins fall amid expectations of mild winter
12/3/2015
2016 Archive

Global refinery margins fell due to the expectations of a mild winter and an oversupply environment. Asian margins lost momentum despite tightening sentiment fueled by the peak of the maintenance seas..

US crude-by-rail industry slows as big refiners seek longer-term deals
12/2/2015
2016 Archive

By MATTHEW PHILIPSBloombergIt’s been several months since an oil train accident grabbed big headlines—but not because there haven’t been any. A single weekend in November saw two trains..

API, America's Natural Gas Alliance trade groups to merge in 2016
11/23/2015
2016 Archive

Following the approval of both boards of directors, the American Petroleum Institute (API) and America's Natural Gas Alliance (ANGA) have announced that the two organizations will combine into a singl..