Post Tagged with: "Refiners"

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