The recent narrowing in the Brent premium to NYMEX crude, which fell to a 17-month low of $7.48/b on Thursday, is set to continue into the third quarter, with $5/b a possibility, before widening again early next year, Goldman Sachs analysts ...
Tags: Brent/WTI, Brent premium
Wholesale premiums for ultra low sulfur diesel, Europe's dominant fuel, hit a five-month high Thursday, boosted by reduced production at refineries and low import volumes from the US and India, said traders Friday. The Northwest European ...
Tags: Refinery Run, Force Diesel Price
The profitability of an average 100 million gal/year (378 million lit/year) ethanol plant based in the Midwestern US region surged in April to the highest since November 2011 due to falling input costs, a study from Iowa State University ...
Tags: Ethanol Margins, ethanol plant
The European ETBE premium to MTBE hit the highest since April 12 Tuesday due to stronger market fundamentals, according to Platts data and trading sources. The ETBE premium to MTBE rose to $54.75/mt at Tuesday's market close from ...
A new bill introduced late Wednesday to the US Senate aimed at strengthening Washington's sanctions against Iran could affect Asian countries that pay for Iranian crude in foreign currencies, sources familiar with the matter said Thursday. ...
Tags: Senate Bill, US Senate
The Asia Pacific sweet crude market is expected to stay on a downward trajectory as it faces more competition from falling West African crude prices and an oversupply of regional spot cargoes, traders said this week. Perpetually weak ...
Tags: Sweet Crude Market, Sweet Crude
Aviation biofuel's newly minted ability to generate tradable US renewables credits, known as RINs, may be key to the industry's economics, according to market watchers. "The availability of RINs is a critical bridge to commercial ...
Tags: Biojet Backers, Chemicals
Refiners along the US Gulf Coast "left money on the table" by performing much-needed seasonal maintenance this winter, giving up profits from exports during a period of substantially higher diesel crack spreads, RBN Energy analyst Sandy ...
Tags: Refiners, Gulf Coast
For cars to get cleaner, gasoline has to get cleaner. That's the premise of new rules proposed by the Environmental Protection Agency that require refiners to cut 80 percent of the sulfur out of gasoline by 2017, and for automakers to make ...
Tags: Auto Parts, Auto, cars
US commercial crude stocks surged 6.696 million barrels over the week ended April 26 to hit a record high level of 395.284 million barrels, data from the Energy Information Administration showed Wednesday. The climb, due largely to a ...
Tags: commercial crude stocks, Energy Information Administration
The economic incentive for European refiners to mix ethanol into gasoline supplies and meet government mandates has been dwindling rapidly due to competition from cheaper bio-based ETBE, sources told Platts this week. Ethanol and ETBE are ...
Tags: Ethanol Blend, ETBE Price
The European ethanol physical price curve moved into contango this week as persisting high inventory in April collided with views that May could bring improved demand, sources said this week. A standard 1,000 mt fuel ethanol barge for ...
Tags: Ethanol Physical Price, Chemicals
GE has introduced a new corrosion protection technology specifically designed for refinery boiler and steam condensate systems. GE’s Steamate™ low salt amine (LSA) product series offers enhanced steam-side corrosion protection ...
Weakening crude refining margins and middle distillates cracks have led to low buying interest among Northeast Asian refiners for prompt May loading ESPO blend crude, trading sources said Thursday. Three to four of the 19 ESPO blend crude ...
Tags: Distillate Cracks, Chemicals
Prices for 2012 and 2013 US ethanol renewable credits, also known as RINs, on Monday reached their highest levels in four weeks on the heels of weak biofuels production data released by the US Environmental Protection Agency Friday, sources ...
Tags: ethanol, renewable fuel