Petrochemicals

Petrochemicals , Legislation

At California Gas Station, Republicans Woo Angry Over Fuel Prices

In an attempt to persuade passing motorists to register with the Republican party, activists gathered at a Chevron station in Orange County, California, blaming the Democratic party for high gas prices.

April 1, 2022

Petrochemicals , Crude Oil , Trade

US Refiners Turn to Middle East for Fuel Oil after Russia Import Ban

About 4 million barrels from Middle East suppliers are set to discharge along the U.S. Gulf Coast next month, the highest level in at least 12 years.

March 25, 2022

Petrochemicals , Crude Oil , Trade , Storage

US Crude Oil, Fuel Stockpiles Fall as Demand Jumps: EIA

Worldwide demand for crude oil was also visible in U.S. exports of crude, which rose to their highest since July 2021, and as refinery utilization rose on the U.S. Gulf Coast hub to its highest level since January 2020.

March 23, 2022

Petrochemicals , Crude Oil , Trade

Platts Allows Traders to Specify Restrictions on Oil Product Origins

Russel Hardy, CEO of the world's largest oil trader Vitol, also said on March 22 customers did not want to buy Russian oil.

March 22, 2022

Public Capital , Petrochemicals , Health, Safety & Environment

Chevron, Phillips JV to Pay Millions for Air Violations at Gulf Coast Chemical Plants

Chevron Phillips Chemical Co. LP entered a settlement with the Justice Department to resolve allegations that it violated the Clean Air Act and state pollution laws at three of its petrochemical facilities along the Texas Gulf Coast.

March 10, 2022

Petrochemicals , Crude Oil , Storage

US Crude Oil, Fuel Stockpiles Fall; Strategic Reserves at 2002 Low

U.S. crude stocks in the Strategic Petroleum Reserve (SPR) fell to 577.5 million barrels, the lowest since July 2002.

March 9, 2022

Petrochemicals , Crude Oil , Trade , International

Closer Look: US Imports of Russian Oil

RED President Steve Hendrickson examines the U.S. imports of Russian crude and petroleum products plus the likelihood of losing those volumes. 

March 4, 2022

Petrochemicals , Crude Oil , Trade , International

US Hits Russian Oil Refining Sector, Slaps Export Curbs on Belarus

Oil marched relentlessly higher beyond $110/bbl on March 2, responding to a flood of divestment from Russian oil assets by major companies and expectations that the market will remain short of supply for months to come.

March 3, 2022

Petrochemicals , Crude Oil , Storage

US Crude Oil Stockpiles Rise, Fuel Inventories Fall

“The Cushing situation is getting worrisome,” said John Kilduff, partner at Again Capital LLC. “That's supportive of the contract.”

February 24, 2022

Petrochemicals , Crude Oil , Storage

US Crude Oil Stockpiles Rise Despite Cushing Draw, Record Fuel Demand

Cushing’s importance to the market has waned in recent years as producers send more inventories to the U.S. Gulf for export, but it is still notable as it is the delivery point for U.S. crude futures.

February 16, 2022