Petrochemicals

Petrochemicals , Legislation

US Senators Introduce API-Backed Bill to Expand E15 Gasoline Sales

While it is unknown if the bill to expand nationwide sales of E15, a gasoline with a higher blend of ethanol, has the support it needs to pass both the House and Senate to become law, the backing of the oil industry has lifted a notable political obstacle.

November 30, 2022

Petrochemicals , Crude Oil , Storage

US Crude Oil Inventories Fall as Fuel Stocks Build

The decline in U.S. crude oil inventories last week was tempered by another release of barrels from the country’s strategic petroleum reserve (SPR).

November 23, 2022

Investment , Petrochemicals , International

Saudi Aramco to Invest in $7 Billion Petchem Project in South Korea

"The Shaheen project will increase chemical yields while reducing operating costs, thus making it more competitive especially in a low-margin environment," a Refinitiv analyst said of Saudi Arabia's investment.

November 17, 2022

Business , Petrochemicals , Midstream

Shell Begins Operations at Polymers Plant in Pennsylvania

Shell's Pennsylvania-based polyethylene manufacturing plant will help accelerate its net-zero emissions targets while providing at least 600 jobs to the northeastern U.S. area.

November 16, 2022

Petrochemicals , Crude Oil , Storage

US Crude Stocks Down, Refining Runs Rise: EIA

Analysts remain concerned that the ongoing draw on crude oil is still due to releases from strategic stockpiles—and that inventories of distillate products are not building enough either.

November 2, 2022

Petrochemicals , Crude Oil , Storage

US Crude Oil Stockpiles Surge; Distillates Draw Down: EIA

U.S. refiners have been running at above-average levels for this time of year to boost inventory levels, though they pulled back on activity last week.

October 13, 2022

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