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SABIC and ExxonMobil Evaluating Petrochemical Joint Venture on U. S. Gulf Coast

Sep 28, 2016

SABIC and an affiliate of Exxon Mobil Corporation (ExxonMobil) (NYSE:XOM) are considering the potential development of a jointly owned petrochemical complex on the U.S. Gulf Coast. If developed, the project would be located in Texas or ...

Tags: SABIC, ExxonMobil, U.S.Gulf Coast

ExxonMobil to Expand Ultra-Low Sulfur Fuels Production at Beaumont Refinery

Sep 28, 2016

ExxonMobil today announced plans to increase production of ultra-low sulfur fuels at its Beaumont refinery by approximately 40,000 barrels per day, further strengthening its integrated downstream portfolio while meeting environmental ...

Tags: ultra-low sulfur fuels, Beaumont refinery

Yakima Announces Executive Team Promotions

Mar 16, 2016

Yakima Products Inc. named Jason McGibbon as its vice president of sales, while Chris Sautter was appointed as the brand’s first product development center director. As vice president of sales, Jason McGibbon is responsible for ...

Tags: Yakima, Chris Sautter, Jason McGibbon

Feature: US EPA Decision on Rfs Looms Large for Ethanol, Gasoline Markets

Nov 25, 2015

When Congress announced the US Renewable Fuel Standard a decade ago the aim was to combat the growing need for foreign oil as well as increase the production and promotion of clean, renewable biofuels. As 2016 approaches, and the ...

Tags: Renewable Fuel, oil, gasoline

Trans-Atlantic Gasoline Arb Reopens on Stronger US Prices

Nov 25, 2015

The Trans-Atlantic gasoline arbitrage reopened Tuesday on the heels of stronger prices in both the Northwest Europe and US East Coast markets. Platts assessed the Eurobob barge at $469.25/mt, or $1.3412/gal, while RBOB cargoes delivered ...

Tags: gasoline, Mediterranean gasoline

Analysis: US Distillate Stocks Expected to Have Fallen Last Week

Nov 24, 2015

With colder temperatures finally hitting much of the northern US last week, many in the oil market will have their eyes on US distillate stocks when the US Energy Information Administration releases its weekly inventory data Wednesday. ...

Tags: ULSD, crude

Kenya, Uganda Agree on Crude Oil Pipeline Route

Aug 12, 2015

Kenyan President Uhuru Kenyatta and his Ugandan counterpart Yoweri Museveni have agreed on a pipeline route for crude oil export. In a communiqué issued at the end of a three-day visit by the Kenyan President to the neighbouring ...

Tags: Crude Oil, Oil Pipeline

USW Obiected to Lifting The Long-Standing Crude Oil Export Ban

Aug 3, 2015

Leo W. Gerard, international president of the United Steelworkers (USW), has testified before the US Senate Banking, Housing and Urban Affairs Committee, reiterating his opposition to lifting the long-standing crude oil export ban, ...

Tags: crude oil, export ban

PPG Industries Unveiled Novaguard 810 Tank Storage Coating

Jun 29, 2015

PPG Industries' protective and marine coatings business has unveiled NOVAGUARD 810 tank storage coating, which provides outstanding resistance to a wide range of chemical and oil products. The solvent-free coating minimizes application ...

Tags: Marine Coatings bull, paint pigment, coating

Taiwan's Machine Tool Makers Compete to Develop Smart Machines

Aug 12, 2014

Taiwan's machine-tool makers are rushing to keep up with market trends and address the issues of labor cost, production efficiency, and quality by introducing machines that are ever-more automatic, intelligent, and efficient. Already the ...

Tags: Manufacturing, Processing Machinery, Smart Machine

Canada and South Korea Would Remove The Current 3% to 8% Tariff

Jun 23, 2014

A proposed free trade agreement between Canada and South Korea would remove the current 3% to 8% tariff that Canadian oil and gas producers have to pay for exports into that Asian nation, a Canadian government spokeswoman said Monday. ...

Tags: LNG Exports, Oil Exports

Iranian Petrochemical Traders Sell Products on a CFR Basis to Avoid Payment Issues

May 29, 2014

Iranian petrochemical traders currently sell all their products on a CFR basis in Asia instead of FOB to avoid payment issues, trade sources in Iran and Dubai said Tuesday. "We sell products on a CFR basis in countries like China so as to ...

Tags: Petrochemical

Russia Will Not Decrease Exports of Our Oil and Gas in The Next 10-20 Years

May 27, 2014

Russia does not plan to reduce export volumes of its crude and gas in the next 10-20 years, but expects to increase exports of high quality oil products as major modernization of its refineries is in the final stages, Lukoil CEO Vagit ...

Tags: Crude Exports, Gas Exports

Refining Margins for Sweet Crudes Are out-Performing Margins for Sour Crudes

Apr 25, 2014

Refining margins for sweet crudes are out-performing margins for sour crudes like Urals in Northwest Europe, Platts data shows, as lighter refined products have surged while heavier products have dropped. While cracking margins -- which ...

Tags: Sweet Crude, Gasoline

India's Reliance Reported a 7.9% Year-on-Year Decline in Its Gross Refining Margin

Apr 22, 2014

Indian refining and petrochemical giant Reliance Industries Ltd. Friday reported a 7.9% year-on-year decline in its gross refining margin for the January-March quarter, to $9.30/barrel. However, the company showed an increase of 22.3% ...

Tags: refining, petrochemical, refined products

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