The US Supreme Court declined Monday to hear an appeal from refiners and other groups to overturn a lower-court decision denying its challenge to the Environmental Protection Agency's partial approval of the ethanol/gasoline blend E15. ...
Saharan Blend's increased role as a blending crude for the slew of sourgrades headed to Europe has helped the naphtha-rich grade shrug offchronically low naphtha cracks, market sources said Friday. In turn, the Algerian crude has halted ...
Tags: Metallurgy, Mineral, Energy
Production of light, sweet crudes from unconventional oil fields in the US is ramping up so fast that at some point it will outpace the country's refining capacity and -- at least for the Gulf Coast -- this could occur within two years, a ...
Tags: Metallurgy, Mineral, Energy, oil, Sweet Oil
Gasoil exports from China's state-owned trading company Unipec -- which accounted for most of the country's gasoil shipments so far this year -- are expected to be minimal in June and July following reduced volumes in May, because the ...
Even with the shale revolution leading to booming US oil production, the head of the US Energy Information Administration said Wednesday he does not expect the country to become an oil exporter any time soon. Beyond the political ...
Europe's refiners are likely to raise production in July because gains in product premiums have recently outpaced crude prices, traders said Thursday. This could mark the end of a period of limited production in Europe that has lasted ...
Tags: European, Chemicals, Production
NYMEX parent CME Group will likely implement additional quality specifications on its light sweet crude futures starting with the January 2014 contract, a member of the Crude Oil Quality Association's board said Thursday. CME plans to ...
Tags: Metallurgy, Mineral, Energy, Petroleum
U.S. economic growth will be somewhat restrained, but not deterred, and improving fundamentals provide reason for optimism by the end of 2013 and through 2014, according to a new forecast. The Manufacturers Alliance for Productivity and ...
Salem, N.H.-based Bolton Emerson Americas — a manufacturer of machinery for the pulp and paper, biofuels, biomass, recycling, converting and cabinet/furniture industries — is expanding applications for its Tornado pulping ...
Tags: Textile
Jet fuel differentials firmed to end a week that saw production and demand exactly matched in the US, just not in the Chicago market, with its world-high outright prices. Platts assessed Chicago unchanged at NYMEX June heating oil futures ...
Tags: Metallurgy, Mineral, Energy, Chemicals
The Mediterranean gasoline cargo market has switched from a $19.75/mt discount under the Northwest European Eurobob market to a premium of $10.75/mt in two weeks, on limited supply, market sources said. "The Med is totally dry...the arbs ...
Tags: Med Gasoline, NWE EBOB
The rapid pace of new US crude production has traders scrambling to assess constantly moving crude differentials as supporting infrastructure grows and changes the dynamics. Not long ago, there was too much crude in Cushing, Oklahoma, the ...
Tags: US Debottlenecking, Chemicals
Sweet North Sea crude values have begun rebounding as European crude oil traders begin to take note of improving sweet refining margins, the first time in over a month that sweet margins have performed better than sour, traders said Monday. ...
Tags: Sweet North Sea, Margins
Some predictions of surging global production of light, tight oil from unconventional source rocks may be overblown, with a of number of environmental and political question marks still hanging over the industry, delegates at a London oil ...
The oil complex settled lower Monday on bearish China data and increased OPEC production, amid weak fundamentals in the US. NYMEX June crude settled 87 cents lower at $95.17/barrel, having traded in a $94.47-$95.68/b range throughout the ...
Tags: oil complex, oil