EIA: refinery outages amid lower capacity increase US gasoline crack spreads
Unplanned refinery outages and lower gasoline production capacity are increasing the costs of producing summer-grade gasoline in the US.
Browse the latest oil refinery news news and articles.
Unplanned refinery outages and lower gasoline production capacity are increasing the costs of producing summer-grade gasoline in the US.
The EIA has reported that refiners in China processed and imported record volumes of crude oil in 1H23, sourcing much of the additional crude oil runs from Russia, Iran, Brazil, and the US.
The US Energy Information Administration (EIA) has forecast higher oil prices in 2H23, and into 2024.
McDermott has been awarded a project management consultancy contract from IOCL for the maleic anhydride unit at the Panipat refinery and petrochemical complex, located 62 miles from New Delhi, India.
With record high margins in 2022 pushing toward increasing market tightness, volatility, and potential long-term challenges, players can use this time as an opportunity to become more resilient. Cherry Ding, Tim Fitzgibbon, Hari Govindahari and Brian Roth, McKinsey, discuss.
In the Nigerian oil and gas sector, fields and refineries are set to lead upcoming project starts, accounting for about 57% of the total project starts between 2023 – 2027, says GlobalData.
These works are part of the Refinery Development Master Plans (RDMP) launched by PT Pertamina to revitalise the Cilacap, Balongan, Dumai, and Balikpapan refineries to improve their production capacity and competitiveness.
Westwood’s intelligence solution for energy transition stakeholders, Atlas New Energies has recently launched, and revealed that blue hydrogen is the key to driving development of hydrogen and CCS clusters.
According to a new report by the IEF and S&P Global, global oil refining capacity dropped for the first time in 20 years in 2020 and again in 2021, exacerbating tight markets and volatile prices for fuels such as gasoline and diesel.
Petrobras has restarted the sale processes of the Abreu e Lima refinery, Presidente Getúlio Refinery Vargas, and Alberto Pasqualini refinery, all located in Brazil.
Numaligarh Refinery Ltd. is expanding its refining capacity from its current 3 million tpy to 9 million by installing a new 6 million tpy capacity Crude Oil Distillation Unit / Vacuum Distillation Unit and associated downstream process units as part of the NREP.
The furnace has been commissioned by Essar Oil UK as it transitions to run its operations on hydrogen as part of HyNet, the UK’s leading decarbonisation cluster and will be the UK’s first refinery-based hydrogen-powered furnace.