RSS

Crude oil

The Philadelphia Energy Solutions refinery, the oldest and largest on the U.S. East Coast, is expected to shut its remaining units on Monday as the plant uses up the last of its crude supplies, sources said on Wednesday. Read more

Refining & Petrochemical Processing

Unplanned crude oil production outages for the Organization of the Petroleum Exporting Countries (OPEC) averaged 2.5 million barrels per day (b/d) in the first half of 2019. Read more

Plant Management & Operations

As part of the expansion, Enterprise is also building an eighth dock at its Houston Ship Channel terminal with the capability to load approximately 840,000 bpd of crude oil. Read more

Pipeline/Transportation

U.S. crude oil production and lease condensate reached another milestone in April 2019, totaling 12.2 million barrels per day. Read more

Refining & Petrochemical Processing

China has issued more crude oil import quotas for mostly private refiners that will allow them to bring in an additional 56.85 million tonnes for the remainder of 2019, a document reviewed by Reuters showed on Tuesday. Read more

Commodities

The number of operable refineries remained at 135 on January 1, 2019; however, similar to last year’s report, four refineries previously considered separate in survey data were merged into two. Read more

Refining & Petrochemical Processing

As of the end of May 2019, Colorado had about 40,000 active oil and natural gas wells. Read more

Drilling & Exploration

The Strait of Hormuz, located between Oman and Iran, connects the Persian Gulf with the Gulf of Oman and the Arabian Sea. Read more

Pipeline/Transportation

U.S. crude oil imports from OPEC members have generally fallen over the previous decade as domestic crude oil production has increased. Read more

Commodities

Mexico sends 600,000 to 700,000 barrels of oil to the United States every day, mostly to refiners that process that crude into gasoline, diesel and other products. Read more

Regulations

Sentinel Midstream, LLC, through its subsidiary Texas GulfLink, LLC, today announced that on May 30, it submitted a license application with the U.S. Maritime Administration (MARAD) to construct and operate a deepwater crude oil export facility. Read more

Offshore & Marine

In 2018, Saudi Arabia reported burning an average of 0.4 million barrels per day (b/d) of crude oil for power generation, the lowest amount since at least 2009, the earliest year that data are available from the Joint Organizations Data Initiative. Read more

Power Generation

Canada is the largest energy trading partner with the United States based on the combined value of energy exports and imports. Read more

Commodities

Oil rose towards $69 a barrel on Friday after two sessions of losses but remained on track for its biggest weekly drop of the year. Read more

Commodities

In early May, the California retail gasoline price averaged $4.01 per gallon (gal), surpassing the $4/gal mark for the first time since 2014. By comparison, the U.S. retail gasoline price averaged $2.90/gal. Read more

Refining & Petrochemical Processing

Oil prices fell on Wednesday after industry data showed an increase in U.S. crude inventories and on demand concerns linked to a protracted trade war between China and the United States. Read more

Commodities

The United States produced a record amount of energy from various sources in 2018. Read more

Drilling & Exploration

Energy trade accounted for 12% of the value for all U.S. exports to Mexico and 5% of all U.S. imports from Mexico in 2018. Read more

Refining & Petrochemical Processing

Export volumes by destination changed significantly during the year, as U.S. crude oil exports to China fell and exports to other destinations such as South Korea, Taiwan, and Canada increased. Read more

Pipeline/Transportation

Annual U.S. crude oil production reached a record level of 10.96 million barrels per day (b/d) in 2018, 1.6 million b/d (17%) higher than 2017 levels. Read more

Drilling & Exploration

Subscribe to our mailing list

* indicates required
BIC Magazine Enewsletters
Recruiting