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Oil

Oil prices recovered some ground on Monday after five days of heavy losses as the United States imposed a range of punitive sanctions on Iran, aiming to curb exports by the Islamic Republic, including its sales of fuel. more

Refining/Petrochemical

The U.S. Energy Information Administration’s (EIA) latest analysis of planned refinery outages for the fourth quarter of 2018 finds that planned outages in the United States are not likely to cause a shortfall in the supply of petroleum products. more

Refining/Petrochemical

Oil prices stabilized on Thursday, bouncing back from an early sell-off after Asian and European stock markets plunged in the wake of Wall Street’s biggest daily decline since 2011. more

Refining/Petrochemical

As domestic production continues to increase, the average density of crude oil produced in the United States continues to become lighter. more

Refining/Petrochemical

The 2018 Atlantic hurricane season produced 13 named storms as of October 5, including 6 hurricanes. more

Refining/Petrochemical

The density of crude oil processed by U.S. Gulf Coast refineries has become lighter since 2008 as refineries moved away from heavier imported crude oil to lighter crude oil produced in Texas. more

Refining/Petrochemical

Oil prices jumped more than 2 percent to a four-year high on Monday after Saudi Arabia and Russia ruled out any immediate increase in production despite calls by U.S. President Donald Trump for action to raise global supply. more

Refining/Petrochemical

U.S. energy-related carbon dioxide (CO2) emissions in 2017 fell to 5.14 billion metric tons, 0.9% lower than their 2016 levels, and coal emissions were the primary driver behind the decline. more

Health, Safety & Environmental

It is well documented that fired heaters are a critical component of any oil refinery. more

Maintenance & Reliability

The U.S. will drive most of the growth in oil storage industry in North America between 2018 and 2022, according to leading data and analytics company GlobalData. more

Tanks/Terminals/Storage

Brent crude oil rose toward its highest price since early July on Tuesday, thanks to evidence of still-modest increases in output from OPEC and stronger Chinese refinery demand. more

Refining/Petrochemical

Oil rose on Tuesday, buoyed by the prospect of price support from U.S. sanctions on Iran, although with concern brewing about the outlook for demand, particularly in light of the trade dispute between Washington and Beijing, gains were limited. more

Refining/Petrochemical

Oil prices dipped on Monday as trade tensions and troubled emerging markets dented the outlook for fuel demand, though U.S. sanctions against Iran pointed towards tighter supply ahead. more

Refining/Petrochemical

U.S. refiners and producers are seeking ways to counter efforts by BNSF Railway Co to limit use of retrofitted oil tank cars following an Iowa derailment last month. more

Midstream

Brent crude futures prices are trading in contango for the first time in 10 months, as traders anticipate an increase in crude availability during the remainder of 2018. more

Refining/Petrochemical

Oil was mixed on Tuesday, pressured by reports of increased Saudi production and escalating trade conflicts, but receiving support from production losses in Canada and Libya. more

Refining/Petrochemical

In 2017, a group of the world’s largest publicly traded oil and natural gas producers added more hydrocarbons to their resource base than in any year since 2013. more

Tanks/Terminals/Storage

During the ninth meeting of the Joint Ministerial Monitoring Committee last night, the OPEC Heads of Delegation reached a preliminary agreement to increase output from the group by a nominal 1 million barrels per day. more

Refining/Petrochemical

Oil prices rose on Wednesday, supported by reports of a drop in U.S. commercial crude inventories and the loss of storage capacity in Libya. more

Refining/Petrochemical

As the discount of U.S. crude to global benchmark Brent nears three-year highs, an emerging bottleneck at the key storage hub in Cushing, Oklahoma, is making U.S. futures vulnerable to a drop, traders and analysts said. more

Refining/Petrochemical

Heading into the 2018 Memorial Day weekend, regular gasoline prices averaged $2.92 per gallon (gal) nationally on May 21, up from last year’s price of $2.40/gal before the holiday weekend. more

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