The U.S. Environmental Protection Agency (EPA) announced that the Houston, Texas-based Phillips 66 Company recently agreed to retire over 21 billion sulfur credits that could have been used in the production of gasoline, which could ...
Tags: EPA, Certification, Phillips
China's refinery crude throughput over January and February dipped 1% year on year to 78.78 million mt, or an average of 9.79 million b/d, according to preliminary data from the country's National Bureau of Statistics released Thursday. ...
US East Coast ethanol stocks for the reporting week ended March 7 slumped 294,000 barrels to an all-time recorded low of 4.565 million barrels, Energy Information Administration data showed Wednesday. Overall US ethanol stocks slumped ...
Tags: Ethanol Stocks, gasoline, gasoline demand
With US refineries expanding their capacity to process more domestic light oil in the coming years, the US Energy Information Administration on Tuesday said it expects refinery crude inputs to reach 15.52 million b/d this year and 15.61 ...
Tags: US Refinery, Domestic Production, light oil
Cold winter conditions have hampered well-completion activity in the US, prompting the Energy Information Administration to revise downward its projections of US crude output for this year. The EIA, in its March Short-Term Energy Outlook, ...
Nigerian crude values have been picking up steadily this week on strong US demand for Nigerian and West African crudes, trading sources said Friday. There has been a lot of activity in the past week, with only about 12 out of the 62 ...
Tags: Crude Values, domestic US crudes
Beginning in 2017, all gasoline sold in the US must contain less than 10 parts per million sulfur, the US Environmental Protection Agency announced Monday, dismissing oil industry arguments that the new standard is unnecessary and could ...
Tags: Gasoline, Metallurgy
US fuel oil demand fell to a seven-month low of 218,000 b/d in December, while 2013 demand overall was the lowest on record, US Energy Information Administration data published Thursday showed. The Thursday data are monthly numbers ...
Nigerian crude values for April are beginning to rise steadily on higher refining margins and healthy demand from Europe, trading sources said Friday. Spot trade in Nigerian cargoes has increased this week, with some high offers and deals ...
Tags: Crude Values, Mineral
Russian ultra low sulfur diesel exports may struggle to find a home in the UK in the winter after the country's oil importers agreed earlier this month to enact a new test to assess the fuel's filter-blocking tendency, traders said Friday. ...
The drop in net imports of oil (crude and petroleum products combined) was the major contributor to the United States reaching its lowest net trade deficit in November 2013 since 2009, although the trade deficit increased in the final month ...
Tags: lowest net trade deficit, stagnating domestic product demand
Japan's LPG stocks as of end-January dipped 1.23% month on month to 1.847 million mt from 1.870 million mt in December, the second straight monthly decline, as winter demand also prompted higher imports, data from the Japan LPGas ...
Tags: LPG Stocks, LPGas
US crude stocks rose 1 million barrels last week, just over half of what analysts were expecting, as a drop in refinery run rates was partly offset by a decrease in US imports, according to data released Thursday by the US Energy ...
Tags: Crude Stocks, Chemicals
China's recent move to digitally tag fuel cargoes to clamp down on the widespread practice of declaring crude purchases as fuel oil to evade taxes is already seen to be curbing demand for heavy Venezuelan Merey crude from teapot refiners in ...
Tags: Curbing Demand, Tax Change
India's state-owned refiners, who have all posted net losses over the first nine months of fiscal year 2013-2014 (April-March), are expected to turn in a profit for the full year as the government is likely to fully compensate them for ...
Tags: Refiners, Full-Year Losses