Diesel
Rising diesel demand in South Korea cuts exports, could enhance margins
Growing sales of diesel cars and increased use by the freight sector have stoked appetite for the fuel in the country, while subsidies to encourage diesel taxis may provide a further boost this year.
Venezuela to raise fuel prices amid economic crisis
The first fuel price hike in nearly 20 years will boost the cost of gasoline by at least 1,329%. But fuel is still so heavily subsidized that filling a small car will still not cost more than half the price of a soft drink.
Small diesel cars seen as vulnerable to European emissions test reforms
Industry officials estimate that 5% of planned diesel auto models might be withdrawn or changed during a first phase of implementation, and more later.
US refiners eye gasoline demand after winter lull
The biggest question facing refiners as well as traders is whether gasoline consumption will continue to grow rapidly in the rest of 2016 or show more modest gains.
US gasoline, distillate fuel inventories rise: EIA
Gasoline stocks rose 1.3 million bbl to a new record high of 255.7 million bbl, compared with analysts' expectations for a 417,000-bbl gain. Distillate stockpiles, which include diesel and heating oil, rose by 1.3 million bbl, versus expectations for a 1.6 million bbl drop, the EIA data showed.
Global fuel demand growth slows as 2016 begins
The US transportation sector continues to send mixed signals about the strength of fuel demand at the end of 2015 and heading into 2016.
Troubleshoot operation of a steam ejector vacuum system
A crude vacuum unit operating properly generates high gasoil yield vs. low-value vacuum residue.
Utilize APC solutions to resolve hydrocracker conversion optimization challenges
Improving profits and reducing costs remain priorities for owner/operators and management.
Industry Metrics
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 thin demand due to warmer winter weather.
China’s diesel use falls as gas, gasoline post gains
The 3.7% decline in diesel demand in 2015 is greater than the 1.5% drop in diesel usage in 2014. Meanwhile, gasoline and natural gas consumption rose by 7% and 5.7%, respectively.
- 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
