Rhodes, Mike
Industry Metrics
The US saw solid product demand, despite a decline following the end of the driving season, and reduced scheduled maintenance lent some support.
Industry Metrics
The global middle distillate market continued to improve on healthy demand and depleted stocks amid regional maintenance, while the bottom of the barrel saw pressure due to low demand and high inventory levels in Asia and Europe.
People
EnLink Midstream has named Rhonda L. Price to succeed Jennifer K. Johnson as Senior VP of human resources.
Industry Metrics
US product crack spreads surged amid refinery outages as Hurricane Harvey affected US Gulf Coast (USGC) refinery operations.
Industry Metrics
US margins recorded solid gains as crack spreads for all products increased due to healthy domestic demand.
People
Dr. Béla Kelemen has been named President of the European Petroleum Refiners Association for the next 2-yr term.
Industry Metrics
High refinery runs contributed to high inventories, pressuring US product markets despite healthy summer driving season demand.
People
John Flannery, the President and CEO of GE Healthcare, has been named CEO of the company, effective August 1, and Chairman and CEO effective in January 2018. Jeff Immelt, Chairman and CEO, will remain Chairman of the Board through his retirement at the end of the year.
Industry Metrics
US gasoline crack spreads continued to rally, but were offset by supply-side pressure as higher refinery runs contributed to increased inventories.
People
Randy Schmidt has been named Managing Director of the Burns & McDonnell Terminals and Pipelines group, replacing Ted Born, who is retiring.
- Russia's Bashneft oil company installs anti-drone nets to protect refineries 4/19
- Hapag-Lloyd and Seaspan to retrofit five vessels to methanol propulsion 4/19
- U.S. EPA to announce temporary expanded sales of higher-ethanol gasoline blend 4/19
- Elliott weighs Citgo bid as creditor group eyes Conoco for own offer 4/19
- Lower oil refinery output hits value of Russia's Q1 exports 4/19
- China's March jet fuel exports jump 77.4% from a year earlier 4/18
