Petrochemicals

Petrochemicals , Crude Oil

Largest US Fuel Pipeline Shuts as Power Outages from Nicholas Rise

Power outages in the Houston area caused Colonial to pre-emptively shut down its main gasoline and distillate fuel lines, the company said in a notice to shippers after Nicholas made landfall.

September 14, 2021

Investment , Petrochemicals , Liquefied Natural Gas (LNG) , Natural Gas , Crude Oil , Emissions , Energy Transition

Natural Gas Demand Projected to Surpass Oil by 2032

Coal demand will fall 62% by 2050 but the energy transition is moving too slowly to achieve the goal of slowing global warming sufficiently, DNV forecasts.

September 2, 2021

Petrochemicals , Crude Oil , Midstream

Already Tight US East Coast Gasoline Supplies Face Hurricane Squeeze

The East Coast has been drawing down inventories all summer after demand for products in Europe began to rise, limiting imports.

August 30, 2021

Exploration & Production , Petrochemicals , Crude Oil , Midstream

Hurricane Ida Cuts Deep into US Oil Production, Gasoline Supplies

Ida made landfall on Aug. 29 near Port Fourchon, the land base for the Louisiana Offshore Oil Port (LOOP), the largest privately-owned crude terminal in the U.S.

August 30, 2021

Petrochemicals , Crude Oil

Bouncing Back From Losses, Japan's Refiners Face Pandemic Stress Again

Japan's top health adviser has requested for stricter COVID-19 curbs to control the contagion, which he said should be treated as a natural disaster.

August 13, 2021

Petrochemicals

US Refining Capacity Shrinks as Pandemic Shuts Plants

The largest crude oil refiner in the U.S., Marathon Petroleum, shut three refineries while energy major Royal Dutch Shell and independent refiner HollyFrontier each shut one in 2020.

June 28, 2021

Business , Petrochemicals , Energy Transition , Acquisitions & Divestitures

Mexico’s Pemex Buys Out Partner of Deer Park Refinery in Texas

Operated by Shell, the Deer Park complex in Texas includes a petrochemical complex and it also refines crude from Africa, South America and the United States.

May 24, 2021

Petrochemicals , Crude Oil

Texas Oil Refiners Will Take Weeks to Recover From Winter Storm

The refinery shutdowns will depress prices for U.S. crude oil and widen the spread between U.S. and Brent crude, Paul Sankey of independent energy researcher Sankey Research said.

February 19, 2021

Investment , Petrochemicals , Energy Transition , Midstream

PTT Seeks Partner for Appalachia Ethane Cracker in Ohio

The team said it was also in the process of meeting with members of President Joe Biden’s administration to brief them on the benefits of the proposed petrochemical plant in Ohio that will turn ethane into plastics.

February 8, 2021

Petrochemicals , Natural Gas , Crude Oil , Trade , Energy Transition

EIA: US Energy Consumption Could Take 30 Years to Recover

It will take a while for the energy sector to get to its new ‘normal,’ says the EIA Acting Administrator in the U.S. agency’s annual outlook clouded by the COVID-19 pandemic.

February 3, 2021