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HomeDownstream

Downstream

IEA Stock Release And Opec+ Modest Increase Fail To Halt Oil/Gas Price Rally
Downstream

Planned refinery outages unlikely to affect U.S. transportation fuel supplies

April 22, 2021 Andy Del Prado

According to EIA analysis, planned refinery outages during the second quarter of 2021 are unlikely to cause a significant shortfall in the supply of petroleum products in the United States, particularly in transportation fuels including […]

No Picture
Downstream

Planned second-quarter 2021 refinery outages unlikely to significantly affect transportation fuel supplies

April 15, 2021 Andy Del Prado

According to EIA analysis, planned refinery outages during the second quarter of 2021 are unlikely to cause a significant shortfall in the supply of petroleum products in the United States, particularly transportation fuels including gasoline, […]

Downstream

ExxonMobil declares Wakayama base oil force majeure

April 13, 2021 Stu Turley

The producer said in a letter to customers on 7 April that it had declared force majeure on its AP/E Core 600 (SN 600), AP/E SN 500 and AP/E Core 2500 (bright stock) grades. Eneos’ […]

Indian Oil -Energynewsbeat.com
Commodities

Indian Oil Corporation Buys Its First Johan Sverdrup Crude Cargo

April 5, 2021 Stu Turley

State-run refiner Indian Oil Corporation  (IOC) has made its first purchase of Norway’s Johan Sverdrup crude, buying four million barrels via a tender as it speeds up diversification of crude imports, two trade sources told Reuters on […]

Petronor - energynewsbeat.com
Downstream

Temporary layoffs planned at Spain’s Bilbao refinery

March 30, 2021 Stu Turley

“The uncertainty over the return to mobility, basically arising from the current process of vaccination, make it impossible to predict when the refinery will return to normal,” Petronor said. The firm sees the refinery’s current […]

BP - Energy News Beat
Downstream

BP changes financial reporting after restructuring divisions

March 16, 2021 Stu Turley

BP outlined changes to its financial reporting after restructuring key divisions last year. The new financial reporting structure will comprise five BP segments: oil production and operations, gas and low-carbon energy, customers and products, Rosneft PJSC — […]

Crude Oil News

U.S. Department of Energy Announces Contract Awards for Sale of Crude Oil from the Strategic Petroleum Reserve

March 7, 2021 Stu Turley

Washington, D.C. – The U.S. Department of Energy’s (DOE) Office of Fossil Energy announced today that contracts have been awarded from the recent Congressionally-directed Strategic Petroleum Reserve (SPR) crude oil sale. On February 11, 2021, DOE […]

Downstream

US dependence on foreign jet grew in 2020 – This is related to Covid – but may become a national security issue in 2021

March 2, 2021 Stu Turley

Jet fuel imports to the US west coast accounted for 27.4pc of the region’s consumption in 2020, at 95,250 b/d, according to data from the US Energy Information Administration (EIA). The share of imports grew […]

Iran swapping gasoline for Venezuelan jet fuel -Energy News Beat
Downstream

Iran swapping gasoline for Venezuelan jet fuel

March 1, 2021 Stu Turley

The Iran-flagged Forest, one of Iranian state-owned NIOC’s vessels that has supplied irregular shipments of gasoline to Venezuela since mid-2020, unloaded 277,000 bl of gasoline at Venezuelan state-owned PdV’s El Palito terminal on 20 February, according […]

US Freeze hammers Europe's bottom of the barrel oil exports - energy news beat
Commodities

U.S. Freeze Hammers Europe’s Bottom-of-the-Barrel Oil Exports

February 28, 2021 Stu Turley

The freeze-driven shuttering of core sections of the U.S. refining system isn’t all good news for rival plants in Europe. Down at the bottom of the barrel, losses are deepening. While U.S. shutdowns mean less […]

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