US oil refiner HollyFrontier Corp. is in advanced talks to acquire Suncor Energy Inc.'s Petro-Canada lubricants division for a little over $1 B.
The US gasoline glut, which dominated discussions about the outlook for crude and fuel markets during the spring and early summer, quietly evaporated during August and September.
Global oil major BP plans to open up to 3,500 fuel stations in India, becoming the second overseas firm drawn to rising demand for gasoil and gasoline in the world's fastest growing major economy.
US gasoline demand contributed to falling inventories. Operational problems at several refineries and the potential impact of a tropical storm strengthened margins.
Hydrocarbon Processing continues its series on the global refining industry.
As the industry works through the most volatile conditions in more than a generation, refiners are facing several challenges that will define the industry in the next decade.
The outage of Colonial Pipeline Line 1 between September 9 and September 21 resulted in record changes in motor gasoline stocks in both the Lower Atlantic and Gulf Coast states during the week ending September 16.
In the first half of 2016, the US exported 4.7 MMbpd of petroleum products, almost 10 times the crude oil export volume, an increase of 500 Mbpd over the first half of 2015.
The US Trade and Development Agency and IndianOil will jointly work to explore cleaner fuels.
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.