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Global diesel glut looms as refiners hike rates to meet gasoline demand

HP News Services, HP Editorial Staff

Oil refiners are shifting into high gear to provide as much gasoline as possible for fuel-hungry drivers, and that could lead to a growing diesel glut further down the road.

US crude stocks unexpectedly fall as refiners run in overdrive

HP News Services, HP Editorial Staff

The EIA report was "modestly supportive" with the jump in refinery runs and fall in imports "obvious catalysts in causing overall crude oil inventories to decline," a key analyst said.

US reports monthly decline in demand for gasoline, distillates

HP News Services, HP Editorial Staff

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.

LNG producers urged to look downstream to build industry

HP News Services, HP Editorial Staff

Many oil companies have moved from production to refining and fuel retailing operations. Likewise, LNG leaders should also search for ways to form a more sustainable market.

Big Corn finds unlikely allies in US biofuels push: carmakers and drivers

HP News Services, HP Editorial Staff

By Chris PrenticeNEW YORK, March 24 (Reuters) -- US corn producers may have found two unlikely allies in their decade-long battle with big oil to get ethanol into the nation's fuel stream: automobile ..

Braskem to import US ethane feedstocks from Enterprise Products

HP News Services, HP Editorial Staff

Brazilian petrochemical group Braskem signed a new, 10-year contract with Enterprise Products for the supply of ethane feedstocks acquired from US shale oil and gas production.

Shell, Aramco’s US refining breakup allows both to pursue ambitious goals

HP News Services, HP Editorial Staff

By Ron BoussoLONDON, March 17 (Reuters) -- The breakup of Royal Dutch Shell's and Saudi Aramco's giant US refining joint venture draws a line under an often rocky relationship and allows Aramco to acc..

LyondellBasell CEO says Houston refinery may be sold in future

HP News Services, HP Editorial Staff

LyondellBasell CEO Bob Patel said the chemical company could sell off the 263,776-bpd Houston refinery in the longer-term, as it could have more value in a refining system.

Dow Chemical settles price-fixing case after Justice Scalia’s death

HP News Services, HP Editorial Staff

Dow agreed to pay $835 million to settle a price-fixing lawsuit, saying it had less chance to win its petition at the US Supreme Court after the death of Justice Antonin Scalia.

IHS CERAWeek: Global refiners expect margins to drop from 2015 levels

HP News Services, HP Editorial Staff

This year, the IEA has said it expects demand growth of 1.2 million bpd, down from last year's unusually high rate, as the global economy slows and new car purchases decline.