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.

August 5, 2020

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.

July 23, 2020

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.

July 17, 2020

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.

July 7, 2020

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.

July 3, 2020

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.

June 24, 2020

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.

June 17, 2020

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.

June 8, 2020

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.

June 4, 2020

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.

May 15, 2020