Post Tagged with: "Refiners"

Source: Reuters

Column: Bearish signal for crude as China again draws on inventories

Reuters


LAUNCESTON, Australia  – China is likely to have dipped into its crude oil stockpiles in April, the third time in the past seven months it has done so, a sign that the era of massive inventory builds may be …

Source: Reuters

Trump administration argues against refiners’ biofuel petition

Reuters


NEW YORK  – The Trump administration has argued against a petition from oil refiners asking the U.S. Supreme Court to review a lower court decision that undermined the legitimacy of the Environmental Protection Agency’s biofuel waiver program.

Department of …

December 9, 2020 - 2:00 pm Closing Bell Story‎, Crude Oil News, Energy News, Regulatory
Source: Reuters

Factbox: Oil refiners shut plants as demand losses may never return

Reuters


Oil refiners are permanently closing processing plants in Asia and North America and facilities in Europe could be next because of uncertain prospects for a recovery in fuel demand after the coronavirus pandemic cut consumption.

The pandemic initially cut …

November 11, 2020 - 2:30 pm Closing Bell Story‎, Crude Oil News, Downstream, Energy News
Source: Reuters

Facing wave of closures, oil refiners turn to biofuels

Reuters


LONDON/NEW YORK  – European and U.S. oil refineries face a wave of closures due to plateauing fuel demand, tightening environmental rules and overseas competition, prompting some owners to opt for an easier alternative – converting plants to produce biofuels.…

October 19, 2020 - 1:00 pm Closing Bell Story‎, Downstream, Energy News
Source: Reuters

U.S. oil refiners look to leapfrog Canadians in making renewable diesel

Reuters


WINNIPEG, Manitoba/NEW YORK – U.S. oil refineries are moving aggressively to produce renewable diesel, partly to cash in on Canada’s greener fuel standard before Canadian refiners modify their own plants.

Canadian Prime Minister Justin Trudeau’s government intends to present …

October 5, 2020 - 1:30 pm Closing Bell Story‎, Energy News, Renewable Energy
Source: Reuters

U.S. Energy Department recommends granting partial retroactive waivers to refiners: sources

Reuters


NEW YORK  – The U.S. Department of Energy has recommended that some of the oil refiners that applied for retroactive exemptions from the nation’s biofuel blending law be granted partial relief, two sources familiar with the matter said on …

August 5, 2020 - 12:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Regulatory
Source: Reuters

U.S. EPA receives recommendations on retroactive biofuel waivers: senator

Reuters


The U.S. Department of Energy has finished reviewing retroactive requests from refiners for exemptions from the nation’s biofuel blending laws and has sent recommendations on how to address those requests to the Environmental Protection Agency, Senator Chuck Grassley said …

August 4, 2020 - 1:00 pm Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

Pandemic hastens threat of closure for struggling oil refineries

Reuters


LONDON/NEW YORK  – The collapse in oil demand from the COVID-19 pandemic is hastening the reckoning for those refiners already struggling as new capacity overtakes demand, posing an existential threat to many, particularly Europe’s ageing plants.

Even before the …

Source: Reuters

Column: Oil refiners adapt to post-lockdown shift to gasoline from diesel – Kemp

Reuters


LONDON – Petroleum consumption is rising around the world as the major economies exit from lockdowns imposed to control the coronavirus epidemic, but the uneven recovery presents challenges for fuel refiners.

Refiners must cope with a much stronger rebound …

June 26, 2020 - 11:05 am Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

U.S. crude stockpiles surge to record high on big Saudi imports: EIA

Reuters


U.S. crude oil stockpiles rose unexpectedly last week to an all-time high as refiners boosted imports, particularly from Saudi Arabia, while exports dropped to lows not seen since November.

The Energy Information Administration also said on Wednesday that refined …

Source: Reuters

Global oil refiners to deepen output cuts as coronavirus destroys demand

Reuters


SINGAPORE/NEW DELHI/SEOUL/HOUSTON – Oil refiners from Texas to Thailand are bracing for deeper output cuts, bruised by an unprecedented demand shock as more countries lock down and restrict travel to contain the spread of the coronavirus.

Global fuel demand …

Canada’s Largest Oil Producer Joins Opposition to Enbridge Pipeline Plan

Canada’s Largest Oil Producer Joins Opposition to Enbridge Pipeline Plan

From Reuters


Canadian Natural Resources Ltd, the country’s biggest oil producer, has joined a number of other firms asking Canada’s energy regulator to intervene in Enbridge Inc’s plan to overhaul shipping contracts on its Mainline pipeline network.

Canadian Natural’s letter …

China Continued Iran Oil Imports in July in Teeth of U.S. Sanctions: Analysts

China Continued Iran Oil Imports in July in Teeth of U.S. Sanctions: Analysts

From Reuters


China imported Iranian crude oil in July for the second month since a U.S. sanctions waiver ended, according to research from three data firms, with one estimate showing some oil entered tanks holding the country’s strategic reserves.

According …

American Refiners Clean Up Their Act as OPEC Shipments Dry Up

American Refiners Clean Up Their Act as OPEC Shipments Dry Up

From Bloomberg

Oil refiners in the U.S. are using more light crude to fill the gap from the sludgy, sulfurous stuff they used to get from OPEC.

Crude shipments from the 14-member cartel to American ports dipped to a 33-year

May 1, 2019 - 6:27 pm Closing Bell Story‎, Crude Oil News, Energy News
Europe’s Refineries Stop Taking Contaminated Russian Oil

Europe’s Refineries Stop Taking Contaminated Russian Oil

From Bloomberg

A major Russian oil pipeline will remain shut for another week as its operators resolve a chemical contamination that forced refiners in Eastern Europe to stop taking crude deliveries.

Talks in Minsk between officials from countries along the …

April 26, 2019 - 5:16 pm Closing Bell Story‎, Crude Oil News, Energy News
Source: XOM

With an Eye on Trump, Refiners Tout Clean Fuel Rule as U.S. Win

From Bloomberg

U.S. oil refiners, in line for a windfall from new ship-fuel rules, are taking steps to lock in the change quickly, concerned it could fall victim to President Donald Trump’s re-election push.

Under the new rules, many shippers …

April 10, 2019 - 4:53 pm Closing Bell Story‎, Crude Oil News, Energy News
Texas Refineries Cut Output as Petrochemical Spill Curbs Shipping

Texas Refineries Cut Output as Petrochemical Spill Curbs Shipping

From Reuters

A petrochemical disaster outside Houston that has disrupted ship traffic for days at a major U.S. oil port led two major refineries on Monday to reduce fuel production, according to people familiar with the matter.

A fire and …

March 25, 2019 - 3:12 pm Closing Bell Story‎, Crude Oil News, Energy News
Source: theiet.org

Oil Traders Are Now Watching Workers’ Phones to Spot Problems at Refineries

From Bloomberg

In the $40 trillion global oil-trading market, the smallest clue can be worth millions.

Take the number of people working at a refinery: Outside contractors are brought in for routine maintenance or to handle accidents that could limit …

March 21, 2019 - 4:43 pm Closing Bell Story‎, Crude Oil News, Energy News
U.S. Refiners Look to Get in on Shale Oil Export Boom

U.S. Refiners Look to Get in on Shale Oil Export Boom

From Bloomberg

U.S. refiners aren’t just buying crude to turn into gasoline and diesel — they’re competing with producers and traders to export it.

Marathon Petroleum Corp. and Phillips 66 — two of the three biggest U.S. independent fuelmakers — …

March 20, 2019 - 12:26 pm Closing Bell Story‎, Crude Oil News, Energy News
U.S. Refiners Facing a Gasoline Glut Take Fresh Hit From Venezuela

U.S. Refiners Facing a Gasoline Glut Take Fresh Hit From Venezuela

From Bloomberg

America’s gasoline producers can run, but they can’t hide from a plunge in refining profit margins that sanctions against Venezuelan crude would only worsen, analysts said.

The biggest U.S. refiners are expected to report strong fourth-quarter earnings thanks …

January 25, 2019 - 4:03 pm Closing Bell Story‎, Crude Oil News, Energy News
U.S. Gulf Refiners Feast on Domestic Oil

U.S. Gulf Refiners Feast on Domestic Oil

From Bloomberg

U.S. light oil has become too cheap for Gulf Coast refiners to pass up.

Fuel makers on the Gulf, home to the largest cluster of refineries in the world, processed oil with an average API gravity of 33.06 …

January 2, 2019 - 12:35 pm Closing Bell Story‎, Crude Oil News, Energy News
European Refiners Looking Forward to Receiving Iranian Crude

European Refiners Looking Forward to Receiving Iranian Crude

Lower prices for Iran’s oil mean better margins for refiners, competition for Russia

Refineries across Europe are anticipating the return of Iranian crude oil to their operations, and the potentially higher margins as added crude pushes prices down further. Approximately …

July 16, 2015 - 7:00 pm Downstream, International, Oil and Gas 360 Articles, OPEC
If Export Restraints are Removed from U.S. Producers, What can Refiners Expect?

If Export Restraints are Removed from U.S. Producers, What can Refiners Expect?

The EIA released a report showing its expectations for the refining sector based on U.S. oil production and whether or not crude oil export laws are reversed

How increased production and U.S. export laws might affect refiners has been a …

May 11, 2015 - 2:33 pm Downstream, Oil and Gas 360 Articles