US crude, gasoline stocks build unexpectedly as refineries cut output

According to the US Energy Information Administration, US crude and gasoline inventories rose unexpectedly last week as refineries cut output.

Egypt plans to end fuel subsidies within three years

Egypt plans to end fuel subsidies within three years and is aiming to increase fuel prices to 65% of their actual cost during the 2016/17 fiscal year.

Flint Hills Resources to construct $20 M fuel terminal expansion

Flint Hills Resources will begin construction on a $20 M expansion of its Waupun, Wisconsin fuel terminal.

Industry Metrics

Rhodes, Michael, Hydrocarbon Processing Staff

Asia refining margins fell despite strong regional demand.

Wholesale California gasoline prices plunge, consumers still pay up

Wholesale gasoline in California became the cheapest in the country this week, but that change has largely gone unseen at the pump, where consumers still pay the highest prices in the continental United States to fill up their cars.

Industry Metrics

Rhodes, Michael, Hydrocarbon Processing Staff

The impact of Canadian and French refinery outages caused margins to fall slightly in the Atlantic Basin and Europe, despite stronger gasoline demand and higher inventories.

Global: Meeting Africa’s demand for oil products

Oirere, S., Contributing Editor

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

Mike Rhodes, Hydrocarbon Processing

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?

Nichols, L., Hydrocarbon Processing

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

Nichols, L., Hydrocarbon Processing

According to Hydrocarbon Processing’s Construction Boxscore Database, there were nearly 90 new project announcements from January 2015 to June 2015.