Gasoline
Memorial Day holiday travel projected higher in US, may raise gasoline demand
The American Automobile Association (AAA) group projects 34.8 million Americans will travel 50 miles or more from home during the Memorial Day holiday weekend, an increase of 1.2% from a year ago. The survey found 53% said recent increases in gasoline prices would not impact their plans.
Petrobras targets domestic market for refining unit
Costs associated with transporting oil products to hubs in Europe, the US and Asia make it less practical than using production domestically in Brazil, an executive said.
US oil demand rising in gasoline, down for jet fuel
US gasoline deliveries were up 0.9% in April to 8.8 million bpd, monthly API trade data showed, continuing a positive domestic trend for the segment. However, April jet fuel and residual fuel deliveries declined, leading to a 0.3% drop in overall petroleum demand for the month.
E15 ethanol fuel can damage auto engines - study
Compared with typical gasoline, issues include damaged valves and valve seats, misfires, lower performance, engine damage, poor fuel economy and increased emissions.
UK fuel tanker drivers avert strike after close vote
A threatened strike by fuel-tanker drivers has been avoided after members of the drivers' union voted to accept a deal offering common safety standards and training, as well as an accreditation scheme for drivers. The deal was reached after eight days of talks at the UK arbitration group Acas.
IEA predicts sharp rise in global refining production
Refiners are poised to ramp up production after seasonal spring maintenance and expected stronger demand for oil products through the summer, the IEA says. Fuel demand traditionally picks up in the northern hemisphere summer but especially in the US, the world's largest oil consumer.
HollyFrontier CEO says US fuel markets are healthy
HollyFrontier expects to increase its refining rate by 3% in the second quarter after finishing refinery maintenance at the beginning the year. Despite forecasts of a lackluster fuel demand amid a sluggish economy, HollyFrontier has seen solid fuels sales in its home region, its CEO said.
Technip wins engineering deal on wood-to-gasoline biorefinery in Canada
CORE BioFuel has selected Technip to complete the construction engineering of their first wood-to-gasoline biorefinery in Canada. The announcement did not disclose the exact location of the refinery, though a prior CORE news release said the first such facility would be located in Canada.
OTC '12: Global operators see access challenges
While ample evidence exists to effectively debunk the peak oil theories, locating and extracting reserves that are more than capable of meeting future demand remains a primary challenge going forward.
HP Insight: The HPI uses technology when solving global problems
Research and development (R&D) has been the platform to support new methods to process transportation fuels and petrochemical products from hydrocarbons. So, how much of the R&D was just straight rese..
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