oil refiners Archives - Oil & Gas 360

Massachusetts, Connecticut low-carbon fuel program draws industry ire- oil and gas 360

December 22, 2020

Reuters NEW YORK – U.S. governors from Massachusetts and Connecticut announced their commitment to a low-carbon transportation program on Monday, but gasoline-related trade groups say it has flaws that will harm, rather than promote, use of fuels that produce fewer pollutants. Some oil refiners and energy trade groups have been more supportive this year of low-carbon fuel programs nationwide because

Oil refiners worldwide struggle with weak demand, inventory glut

September 21, 2020

Reuters NEW YORK/LONDON/MELBOURNE- Global oil refiners reeling from months of lackluster demand and an abundance of inventories are cutting fuel production into the autumn because the recovery in demand from the impact of coronavirus has stalled, according to executives, refinery workers and industry analysts. Refiners cut output by as much as 35% in spring as coronavirus lockdowns destroyed the need

Oil refiners and OPEC+ walk a tightrope as pandemic lingers: Kemp

July 16, 2020

Reuters LONDON – High-frequency data from the United States has provided the first convincing indication of global oil market rebalancing, but it also underscore the market’s vulnerability to a COVID-19 resurgence and new lockdowns. Total stocks of crude and refined products in the United States fell by 9 million barrels last week, the first week-on-week decline since the end of

‘Astonishing’: Trump EPA backs down on biofuel waivers in blow to U.S. refiners

March 25, 2020

Reuters The Trump administration has decided not to appeal a court ruling that would sharply reduce its use of waivers exempting refineries from the nation’s biofuels regulation, cheering the corn lobby but drawing anger from oil refiners. The administration had until the end of March 24 to file a challenge, but by early March 25, no such filing had been

Dilemma for oil refiners as surging ship costs kill margins

October 15, 2019

Source: Houston Chronicle Oil refiners hoping for some fourth-quarter gravy are facing disappointment as surging freight rates inflate the cost of buying crude. U.S. sanctions on Chinese shipping companies and Friday’s attack on an Iranian tanker have turbo-charged transport costs, with rates on the Persian Gulf to China route at almost six times this year’s average. That’s slashing the margins

oil refiners

Massachusetts, Connecticut low-carbon fuel program draws industry ire- oil and gas 360

Oil refiners worldwide struggle with weak demand, inventory glut

Oil refiners and OPEC+ walk a tightrope as pandemic lingers: Kemp

‘Astonishing’: Trump EPA backs down on biofuel waivers in blow to U.S. refiners

Dilemma for oil refiners as surging ship costs kill margins

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