Petrochemicals

Business , Petrochemicals , Midstream

Mitsubishi Partners with Corpus Christi Port Authority on US Ammonia Plant

Mitsubishi and the Port of Corpus Christi Authority will look into the possibility of making low-emission ammonia, produced from natural gas but eliminating emissions by capturing and storing the emitted carbon nearby, a source said.

September 29, 2022

Petrochemicals , Energy Transition , Joint Ventures

ConocoPhillips, JERA Propose to Develop US Hydrogen Gas Plant

Gulf Coast plant would produce hydrogen from gas and convert it to ammonia for export.

September 6, 2022

Petrochemicals

US Gasoline Futures Fall to Pre-Ukraine Invasion Levels

Lack of spare refining capacity pushed costs for refined products higher, but headed into winter, gasoline prices have started to retreat as demand dips.

August 31, 2022

Petrochemicals , Crude Oil , Trade

US Energy Secretary Urges Refiners Not to Increase Fuel Exports

Energy Secretary Jennifer Granholm, in a letter sent Aug. 18, urged seven refiners including Valero, Exxon Mobil and Chevron, to build supplies of fuels as the U.S. enters peak hurricane season.

August 29, 2022

Petrochemicals , Trade , International

Britain Imports No Fuel from Russia in June for First Time on Record

Russia was the U.K.’s largest supplier of refined oil in 2021, the ONS said. By June, there were no imports of refined oil, crude oil, gas or coal, coke and briquettes from Russia.

August 24, 2022

Petrochemicals , Crude Oil , Storage

US Crude, Fuel Stockpiles Shrink While Gasoline Demand Drops: EIA

The crude oil inventory decline would have been larger if not for another big release of barrels from U.S. Strategic Petroleum Reserve (SPR). 

August 24, 2022

Petrochemicals , Crude Oil

US Oil Refiners Aim to Run Fullbore, Spurning Recession Fears

“Refiners will continue to run hard in Q3,” Tudor, Pickering, Holt refining analyst Matthew Blair said in a note this week, adding he would not be surprised “if Q3 runs weren't higher” than June given past conservative forecasts.

August 19, 2022

Petrochemicals , Trade , International

Indian Ship Used to Move Russian-linked Fuel to New York Discovered

“The refined output was put back on that ship and it set sail without a destination. In the mid-seas it received the destination so it reached at its course, went to New York,” India Deputy Governor Michael Patra said at an event to celebrate 75 years of India’s independence.

August 17, 2022

Petrochemicals , Crude Oil , Storage

US Crude, Gasoline Stockpiles Rise Unexpectedly: EIA

“There’s nothing good in this report for anybody unless you’re waiting for things to fall apart and to be a buyer on the downside,” Bob Yawger, director of energy futures at Mizuho, said of the EIA report.

August 3, 2022

Petrochemicals , Crude Oil , Storage

US Crude Stockpiles Dip, Gasoline Builds as Demand Slackens: EIA

“The demand destruction is only still two weeks but sufficient to say it’s there. That's the big takeaway,” analyst John Kilduff, said after U.S. gasoline inventories posted a larger-than-expected build on weakened demand.

July 20, 2022