Petrochemicals

Petrochemicals , Crude Oil , Trade , International

China Taps Oil Reserve, Refiners Ramp Up Output

In a rare public statement on Oct. 31, China said it was releasing gasoline and diesel reserves to boost market supply and stabilize prices.

November 1, 2021

Petrochemicals , Emissions

Plastics Projected to Outpace Coal’s Greenhouse-gas Emissions by 2030

The report projected that the plastic industry releases at least 232 million tons of greenhouse gases each year throughout its lifecycle from the drilling for oil and gas to fuel its facilities to incineration of plastic waste.

October 22, 2021

Petrochemicals , Pipelines

Kinder Morgan Delays Restart of Southeast Pipeline Due to Flooding

Kinder Morgan’s Products (SE) Pipe Line, which was shut Oct. 1 after a leak was discovered, spans from Louisiana to Virginia and has the capacity to carry more than 700,000 bbl/d of gasoline, jet fuel and diesel.

October 8, 2021

Petrochemicals , Crude Oil , Storage

US Crude, Fuel Stockpiles Rise as Oil Production Returns

The rebound came as U.S. crude oil output jumped by 500,000 bbl/d to 11.1 million bbl/d, a level consistent with activity before Hurricane Ida slammed into the U.S. Gulf Coast about a month ago.

September 29, 2021

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