Refining
US gasoline margins rise on report of FCC leak at PBF’s Delaware refinery
PBF was in the process of restarting the refinery before abandoning those efforts on Monday after a leak was discovered in the fluid catalytic cracker, according to a report.
Lukoil to bring Iranian oil to Romanian refinery
The Swiss trader will deliver 1 million bbl of Iranian Light grade to Lukoil's Petrotel refinery in Romania, loading at Iran's Kharg Island terminal on February 5.
Phillips 66: Robust refining profit offset by weaker chemicals, midstream
While refining results were strong, the company's quarterly profit was hurt by lower earnings from its midstream and chemicals businesses. Adjusted earnings at Phillips 66's midstream business more than halved to $42 million in the quarter, hurt by a fall in natural gas prices.
European refining investors wary of downturn
Refining margins in northwest Europe averaged $14.5/bbl in 2015 and in the Mediterranean $12.7. But so far in 2016, margins have averaged $10.9/bbl and $10.6/bbl, respectively.
Global trade slowdown hits refining margins at bottom of the barrel
Sluggish global trade growth is reducing demand for major freight-related fuels, which are currently showing the lowest demand, biggest increase in stocks and weakest prices.
Korean refiner S-Oil sees healthy margins in 2016 as demand tops capacity
Refining margins in 2016 will stay healthy as global incremental oil demand will outpace new refining capacity additions during the year, S-Oil, the country's third-largest refiner, said in the statement.
Valero’s profit falls on lower US refining margins
Net income attributable to Valero's stockholders fell to $298 million, or 62 cents/share, for the fourth quarter ended Dec. 31, from $1.16 billion, or $2.22/share, a year earlier.
Asian fuel oil market challenged as refiners switch to crude as feedstock
The economic slowdown will add to an expected plunge in fuel oil demand as the majority of China's independent refiners, known as teapots, turn to crude oil instead of fuel oil as their primary feedstock for making fuels such as gasoline and diesel.
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.
California counties oppose Phillips 66’s oil-by-rail project to local refinery
It is one of several rail projects on the US West Coast that have undergone lengthy environmental reviews while facing heated opposition in light of fiery crude train crashes since mid-2013.
- Brazil's Petrobras approves $1.2 billion investment for renewable fuels plant 6/22
- First batch of equipment arrives in Kazakhstan for $7.7-B Atyrau polyethylene project 6/22
- Explosion at Qatar's Ras Laffan LNG complex kills 13, injures 66 6/22
- Asia has plenty of crude oil, but refined fuels remain tight 6/22
- Fire extinguished at Marathon's Galveston Bay Refinery in Texas (U.S.) 6/22
- El Nino, expanding ethanol use squeeze India sugar supply 6/22
