More Refining Capacities News

MARKET WATCH: Hurricane's effects so far 'minimal' on oil, gas markets

Sep 2, 2008 Oil and gas prices were not as affected Aug. 29 as would normally be expected on the anticipation of a storm the size and speed of Gustav, which made landfall Sept. 1 as a Category 2 hurricane.

Gustav idles 12% of US refining capacity

Sep 1, 2008 Twelve Gulf Coast refineries with combined capacities representing 12% of the US total were idle Sept. 1 because of Hurricane Gustav.

OGJ Newsletter

Sep 1, 2008

MARKET WATCH: Large gas injection pulls down energy prices

Aug 29, 2008 The new front-month natural gas contract led the fall of energy commodity prices Aug. 28 in the New York market as a bigger-than-expected injection of gas into US underground storage shifted traders' attention from what could be the first major storm to threaten Gulf Coast petroleum production and processing in 3 years.

MARKET WATCH: Energy prices rise as Gustav threatens gulf

Aug 28, 2008 Energy prices continued to rise Aug. 27 as slow-moving Tropical Storm Gustav approached Jamaica apparently in route to a US Gulf Coast landfall early next week through the bulk of US offshore oil and gas operations.

Dalian refinery receives Saudi crude

Aug 27, 2008 PetroChina's recently expanded refinery in Dalian received its first cargo of Saudi Arabian crude on Aug. 26.

MARKET WATCH: Gustav's potential threat lifts energy prices

Aug 27, 2008 Despite continued signs of weakening demand, the advance of Hurricane Gustav toward the US sector of the Gulf of Mexico boosted crude and natural gas prices Aug. 26.

OGJ Newsletter

Aug 25, 2008

Supplier-user teamwork key to stable oil prices

Aug 25, 2008 Since the early 2000s oil prices have more than tripled (Fig. 1).

VOC EMISSIONS—1: Study evaluates storage-tank VOC emissions reduction

Aug 25, 2008 A 6-month on site evaluation of volatile organic compound (VOC) emissions controls and control strategies determined advantages and disadvantages of various equipment and methods.

API: Senate’s ‘Gang of 10’ proposal adds taxes, not tracts

Aug 25, 2008 A compromise energy legislation proposal advanced by a bipartisan group of US senators falls short of what is needed because it is “light on new production and heavy on new taxes,” said the American Petroleum Institute on Aug. 13.

SPECIAL REPORT: Refined product demand justifies Middle East refinery investments

Aug 25, 2008 Steadily rising refined product demand in the Middle East is inducing significant refinery investments in the region.

OPEC cuts demand growth estimate

Aug 25, 2008 In its August report, the Organization of Petroleum Exporting Countries reduced its 2008 estimate of global economic growth to 3.9%, down from 4% from the previous month and one percentage point lower than the same period in 2007.

Pakistan refineries protest reduced products duties

Aug 24, 2008 Pakistan's Economic Coordination Committee has rejected a claim by the country's refineries that they face loss under the reduced "deemed duty" (ad valorem surcharge) that they now are allowed to charge.

NPRA releases 2008 refining, storage capacity report

Aug 20, 2008 US refiners have continued to add capacity despite soaring oil prices and shrinking margins, NPRA said as it release its annual refining and storage capacity report.

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