Industry Metrics

Rhodes, Mike, Hydrocarbon Processing Staff

Record low temperatures in the eastern US strengthened the diesel market but extended the downward trend in refining margins.

EIA: Growing octane needs widen price spread between premium, regular gasoline

In late 2016, the difference between US average retail prices for premium and regular gasoline reached 50 cents/gal. This price spread has been generally expanding since 2000, and the rate at which the spread has grown has accelerated over the past 3 yr. Many factors on both the supply and demand sides are likely influencing this trend.

EIA: US gasoline prices increased in 2017

US regular retail gasoline prices averaged $2.41/gal in 2017, 27 cents/gal (13%) higher than in 2016, but two cents/gal less than in 2015.

Singapore fuel oil stocks drop despite shrinking exports

SINGAPORE (Reuters) — Singapore weekly onshore fuel oil inventories fell 10%, or 2.462 MMbbl (about 367 Mt), to a two-week low of 22.728 MMbbl (3.392 MMt) in the week ended Jan. 3, data from International Enterprise (IE) Singapore showed on Thursday.

Gasoline prices unnerve Mexicans as election year begins

MEXICO CITY (Reuters) — Mexico's government on Wednesday denounced forecast price hikes by fuel retailers, saying increases were unjustified as it sought to allay public concern about high inflation at the start of a presidential election year.

Tanzania increases fuel prices due to rising crude costs

DAR ES SALAAM (Reuters) — Tanzania's energy regulator raised the maximum price for petrol, diesel and kerosene on Wednesday, citing rising international crude oil prices.

Saudi Arabia hikes gasoline prices

DUBAI (Reuters) — Saudi Arabia was set to raise local gasoline prices on Monday, state news agency SPA reported.

Editorial Comment: Biofuels—A viable fuel source for the future?

Nichols, Lee, Hydrocarbon Processing Staff

This issue of Hydrocarbon Processing focuses on the use of alternative feedstocks and biofuels. The goal of utilizing these technologies is to produce fuels and products that lower total carbon output/emissions, which is a major focus in decarbonizing economies around the world.

Industry Metrics

Rhodes, Mike, Hydrocarbon Processing Staff

US product markets improved, supported by higher export opportunities amid unexpected refinery outages.

China raises 1st batch of 2018 oil product export quotas by 30%

SINGAPORE (Reuters) — China raised refined products export quotas to its four state oil majors by 30 percent in the first batch of allowances for 2018, a document reviewed by Reuters showed on Thursday.