Diesel
Industry Metrics
Asia refining margins fell despite strong regional demand.
Global: Meeting Africa’s demand for oil products
Demand for refined oil products is expected to continue growing in Africa, both in the short and medium terms. However, the continent’s refining capacity is unlikely to keep pace as commercial risks threaten to hold back planned new refineries and the expansion of existing facilities.
Industry Metrics
US refinery utilization rates have increased in some areas following the peak of maintenance season.
Business Trends: Will India be Asia’s next downstream powerhouse?
The Asia-Pacific region dominates in the total number of active projects in all sectors of the downstream hydrocarbon processing industry. Just as China has seen unprecedented growth over the past decade, India is emerging as the globe’s new oil demand center.
Global Project Data
According to <i>Hydrocarbon Processing’s </i> Construction Boxscore Database, there were nearly 90 new project announcements from January 2015 to June 2015.
EIA: China diesel exports grow as refining industry, economy change
China is reforming its refining sector by liberalizing import and export restrictions on crude oil and petroleum products, allowing for increased competition in the domestic transportation fuels market.
Refining technology unveiled at Honeywell UOP India center
Pilot plant designed to develop advanced hydrocracking catalysts that can more efficiently produce higher yields of clean-burning diesel fuel from crude oil.
ExxonMobil to expand distillates output at Altona refinery in Australia
ExxonMobil Corp. plans to add 10 Mbpd of diesel and jet fuel production capacity at its refinery in Melbourne, Australia.
US fuel inventories tumble as refiners cut rates
Gasoline and distillate inventories also dropped more than expected, as refining rates fell, new data from the Energy Information Administration (EIA) showed.
Brazil exports diesel to Europe as patterns reverse
At least two 37,000-ton cargoes of diesel, on the tankers Torm Gunhild and MT Alexandros, have sailed in recent weeks from Brazil to Europe, according to Reuters ship tracking data and traders.
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Addis Energy secures $8.3 MM to scale its transformative approach to low-cost ammonia production 12/5
- World Fuel Services supplies cruise line with waste-based biofuels 12/5
- Chevron announced $18 B-$19-B CAPEX budget for 2026 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
