Gasoline
US reports monthly decline in demand for gasoline, distillates
Total US oil demand dropped from a year earlier, as demand for gasoline and distillate products weakened, according to new data from the Energy Information Administration.
US refiners delaying clean-fuel compliance may face soaring costs
Larger US refiners are in the midst of a multi-billion dollar effort to cut smog-producing sulfur levels in the gasoline pool by Jan. 1, but those efforts have been met by objections to what the rules mean for refinery emissions and slowed by the high price of compliance.
Oil prices extend losses as gasoline glut looms
The decline on Tuesday follows data showing US gasoline demand during January fell for the first time in 14 months, while overall US oil demand fell 1% that month from a year ago.
US gasoline demand remains strong despite poor weather in January
On closer inspection, there is nothing surprising about the monthly reading for January, which is in line with the low weekly consumption numbers reported during that month.
In-depth and preemptive front-end planning yields positive project results
Despite the challenges that major projects can present (short deadlines, budget constraints and overruns, unforeseen problems onsite and tension throughout executive teams), they can also prove to be a win-win for both the owner and the engineering, procurement and construction (EPC) firm.
Industry Metrics
US product markets weakened despite strong domestic gasoline demand.
Nigerian leader criticizes state petroleum minister over fuel shortages
An economic crisis caused by low oil prices has created shortages because fuel importers cannot get the dollars needed to buy petrol and the state oil firm has not been able to sign agreements quickly enough to exchange crude oil for gasoline.
High gasoline demand leaves US refiners with surplus of distillates
To meet gasoline demand from motorists, refiners have to process increased volumes of crude, leaving them with unwanted stocks of hard-to-sell distillates and other products.
US gasoline, distillate stocks fall as run rates rise
Refinery crude runs rose by 414,000 bpd and refinery utilization rates rose 2 percentage points to 90.4% of total capacity, the highest rate seasonally since 2005.
US, Indian gasoline demand boosts outlook for oil
Hedge funds have turned very bullish about the outlook for oil prices based on indicators showing strong gasoline demand in the US and India.
- 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
