Gasoline
US oil, gasoline inventories swell to record highs
US crude imports rose 647,000 bpd while refinery crude runs fell 24,000 bpd, as utilization rates fell by 0.8 percentage point to 86.6% of capacity.
Maximize petrochemicals in the FCCU to boost refinery margins, improve gasoline pool quality
In light of the current market dynamics, challenging the FCCU to move out of its “maximum gasoline” comfort zone is a winning strategy to drive overall refinery profitability.
Industry Perspectives: Downstream disputes breaking the 10% ‘blend wall’ for US ethanol
US refiners are set to break the 10% “blend wall” for using ethanol in gasoline, but downstream professionals are certainly not happy about it.
Industry Metrics
US product markets weakened despite unseasonably strong gasoline demand, and the gasoil crack spread hit the lowest level seen in more than five years, under pressure from increasing supplies amid thin demand due to warmer winter weather.
Pakistan to pay rising cost for gasoline imports
The offers for the 87-octane grade gasoline were at least 24% higher than Pakistan State Oil paid for a total of 450,000 tons of gasoline for December to January delivery.
China’s diesel use falls as gas, gasoline post gains
The 3.7% decline in diesel demand in 2015 is greater than the 1.5% drop in diesel usage in 2014. Meanwhile, gasoline and natural gas consumption rose by 7% and 5.7%, respectively.
US gasoline inventories rise more than expected, but distillate fuels fall
Crude inventories rose by 4 million bbl for the week, compared with analysts' expectations for an increase of 2.8 million bbl. Oil inventories climbed to the highest level since 1990.
Tesoro to expand fuel sales network in Nevada
The region is strategic for Tesoro, as it provides supply flexibility from Tesoro's Los Angeles and Salt Lake City refineries and establishes a platform for the expansion of its ARCO and Mobil brands.
Industry Metrics
Asian margins showed a strong recovery due to higher winter heating fuel demand, supporting middle distillate crack spreads.
Sunoco buys US fuels distributor from Alta East
The business distributes 55 million gal/year of branded and unbranded gasolines, including Sunoco-branded fuels. The transaction also included supply contracts with the dealer-owned and operated sites.
- 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
