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HomeDownstream

Downstream

Downstream

French Strikes Halt Fuel Shipments From Refineries And A Fuel Depot

February 8, 2023 Mariel Alumit

The French nationwide strike over proposed pension reform (Macron is seeking to raise the retirement age from 62 to, gasp, 64; the French say “non”) which we profiled last week, interrupted on Tuesday the shipment […]

US
Downstream

US authorities enforce evacuations after train derails in Ohio

February 6, 2023 Mariel Alumit

Authorities in the US state of Ohio have threatened to arrest anyone who does not leave an evacuation zone near the smouldering wreckage of a train derailment near the Pennsylvania state line, warning that there […]

Russian
Downstream

U.S. refiners expect Russian fuel sanctions to keep margins high

February 2, 2023 Mariel Alumit

(Reuters) The European Union’s ban on Russian fuel imports that begins next week is expected to keep profit margins high this year at U.S. oil refiners, executives said, as global fuel trade shifts. A Feb. […]

Exxon
Big Oil Companies

Exxon Sets $540 Million Cost for Canada Renewable-Diesel Project

January 29, 2023 Mariel Alumit

​Exxon Mobil Corp. has set the cost of its planned Canadian renewable-diesel facility at C$720 million ($540 million) and said much of the fuel will be shipped to British Columbia to support the province’s emissions-reduction […]

Valero
Downstream

Valero profit beats estimates on higher fuel demand, tight supplies

January 26, 2023 Mariel Alumit

Jan 26 (Reuters) – Valero Energy Corp (VLO.N) zoomed passed Wall Street estimates for quarterly profit on Thursday, wrapping up the refiner’s best year on record, boosted by higher demand for fuel and healthy refining margins […]

TXOGA
Downstream

TXOGA released annual Energy & Economic Impact Report

January 25, 2023 Mariel Alumit

The Texas Oil & Gas Association (TXOGA) released its annual Energy & Economic Impact Report highlighting the industry’s continued and unmatched economic impact, the Lone Star State’s global energy leadership, and what is needed to continue meeting […]

U.S.
Downstream

U.S. oil refiners set for strong 4Q earnings as margins stay high

January 25, 2023 Mariel Alumit

Sun sets on the Philadelphia Energy Solutions plant refinery in Philadelphia, Pennsylvania, U.S., January 9, 2020. Picture taken January 9, 2020. REUTERS/Mark Makela Jan 23 (Reuters) – U.S. oil refiners are expected to report higher […]

dangerous
Downstream

Our dangerous diesel shortage caused by anti-fossil-fuel politicians

January 17, 2023 Mariel Alumit

Originally published on November 10, 2022 The US is experiencing a dangerous shortage of diesel fuel. Blame our anti-fossil-fuel politicians, who: Prevented us from importing Canadian oil well-suited to our refineries Prevented or shut down […]

FSRU
Downstream

Excelerate Energy FSRU docks in Finland for mid-Jan start

December 28, 2022 Mariel Alumit

Finnish grid operator Gasgrid has chartered Exemplar for 10 years at a total cost of €460 million. The Exemplar floating storage and regasification unit (FSRU) arrived at the Finnish port of Inkoo on Wednesday and […]

Refineries
Climate Crisis

Texas Refineries Could Take Two Weeks To Fully Restore Operations After Storm

December 28, 2022 Mariel Alumit

Most refineries on the U.S. Gulf Coast have begun procedures to restart operations that were disrupted by the massive winter storm late last week, but a full return to normal output of motor fuels could […]

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