Petrochemicals
Petrochemicals
US Refining Capacity Poised for First Big Drop in Nearly a Decade
U.S. oil refining capacity this year could decline by the largest amount in nearly a decade as pandemic-related travel curbs and a fire shut several plants, reversing years of small gains.
Investment , Petrochemicals , Midstream , Storage
Thailand’s PTT Moves Closer to Decision on Appalachia Petrochemical Plant in Ohio
In June, Thai oil and gas company PTT Pcl said it delayed making a final investment decision to build the ethane cracker, which analysts estimate will cost $5.7 billion.
Petrochemicals , Crude Oil , Storage
Coronavirus Surge Fan Fresh Worries about Global Fuel Demand
The unprecedented decline in demand forced producers to make record output cuts and pump hundreds of millions of barrels of oil into storage.
Exploration & Production , Petrochemicals , Crude Oil , Storage
US Oil Production to Decline Less Than Previously Forecast in 2020
U.S. crude oil production is expected to fall by 600,000 bbl/d in 2020 to 11.63 million bbl/d, the EIA said July 7, a smaller decline than the 670,000 bbl/d it forecast previously.
Petrochemicals , Crude Oil , Storage
Near-record Oil Stockpiles at US Gulf Coast Pressure Prices of Domestic Grades
Mars Sour, the benchmark for sour U.S. Gulf Coast grades, was trading at a $1.05 premium to U.S. crude futures on July 1.
Petrochemicals , Crude Oil , Storage
US Crude Oil Stockpiles Hit Record High for Third Week
Crude oil inventories also hit another record high on the U.S. Gulf Coast, where the bulk of the nation's refining capacity is located.
Exploration & Production , Petrochemicals , Crude Oil , Tankers , Storage
US Oil Production Falls to Lowest Point Since 2018
Crude oil stockpiles in the U.S. rise to record high as imports from Saudi Arabia remain elevated.
Investment , Petrochemicals , Natural Gas liquids (NGL) , Shale Plays , Construction
Thai Company Delays Decision on $5.7 Billion Ohio Petrochemical Plant
The Thai chemical company said it chose the Ohio site for the proposed ethane cracker because it is located in the Marcellus and Utica shale region, the biggest U.S. natural gas shale formation.
Business , Petrochemicals , Natural Gas liquids (NGL) , Construction
Report: Shell Pa. Plastics Plant Faces Oversupply Risks
Institute questions whether facility will deliver the promised economic impact.
Petrochemicals , Crude Oil
Opinion: Recovering Oil Demand Could Drive Market into Deficit by July
Similar recoveries in fuel consumption are expected at varying rates across the globe as countries gradually emerge from lockdown and are likely to push the oil market into supply deficit in the third quarter.