The US portion of the Gulf of Mexico is in a “new era” of increased hurricane activity that likely will continue “for at least another 15-20 years,” said the lead hurricane forecaster for ImpactWeather Inc. at the annual Offshore Technology Conference in Houston.
US refiners face both a challenge and an opportunity in converting high-aromatic streams, such as FCC light cycle oil or coker light gas oil , into low-sulfur products for use in the ultralow-sulfur diesel (ULSD) pool or other distillate products.
As the US House Energy and Commerce Committee prepared for 2 days of hearings on gasoline prices, supplies, and formulations, its chief minority member questioned the Environmental Protection Agency’s progress on studying so-called “boutique” fuels.
The US appears inconsistent in border drilling diplomacy. Canada, Mexico, the Bahamas, and now Cuba have asserted their rights to drill in territorial waters bordering or near the US-to mixed responses from their neighbor.
After 2 days of sharp declines, the June crude contract again climbed above $70/bbl May 5 in the New York market as the US, UK, and France pushed the United Nations Security Council for a resolution demanding Iran quit enriching uranium.