Honeywell UOP has introduced a new alkylation technology to the refining industry, developed by Chevron, that employs ionic liquids as a catalyst to produce high-octane motor fuels.
Colonial Pipeline Co. said its main gasoline line, Line 1, was safely restarted and returned to service Wednesday after its biggest leak in nearly two decades squeezed supply in the southeastern US.
A partial shutdown of the Colonial pipeline system, a major source of transportation fuels to the Southeast, has disrupted gasoline supplies, leading to higher prices and product shortages in parts of the region.
Money managers have amassed their largest bullish position in US gasoline in more than three months as pipeline and refinery outages send futures and pump prices of the motor fuel soaring.
Asian gasoil distillates refining margins are likely to remain bearish for the next few months on larger than usual exports from China.
The US simultaneously imports and exports gasoline, because of regional differences in gasoline supply and demand balances.
API Downstream Group Director Frank Macchiarola reminded policymakers that the Renewable Fuel Standard mandate needs to be repealed or significantly reformed.
China's state oil refiners are readying to export more diesel and gasoline in coming months in an already saturated global market.
Oil pricing agency Platts has begun consulting with traders this week on a change it has proposed in the sulfur content of its key gasoil benchmarks in Asia and the Middle East.
CITGO Petroleum Corp. is capping off the commemoration of the Lemont Refinery's 90th anniversary.