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  1. EIA: Crack spreads higher due to low oil prices, rising gasoline demand

    Online Articles

    Wed, 20 May 2015

    2010. Refineries in Europe, where, for years, the refining sector had low profitability , now have increased refining utilization rates amid improving margins. “Although April gasoline crack spreads in Asia did not exceed recent record highs

  2. Phillips 66 1Q earnings decline 37%

    Online Articles

    Fri, 1 May 2015

    ve had over the last 2 years,” said Greg Garland, Phillips 66 chairman and chief executive officer. “ Refining utilization rates were impacted by a heavy turnaround schedule, and were further reduced by the extended turnaround at the Alliance

  1. MARKET WATCH: NYMEX oil futures rebound on big US inventory draw

    Online Articles

    Thu, 17 Jul 2014

    Information Administration ( OGJ Online, July 16, 2014 ). Refiners increased their processing volumes, and refining utilization was up by 2.2% from the previous week, EIA noted. Regarding US underground natural gas storage in the Lower

  2. Eni plans refining capacity cuts

    Online Articles

    Tue, 18 Feb 2014

    region, according to the company. The capacity reductions are designed to increase the company’s Italian refining utilization to 80% by 2017. While Eni already has cut its refining capacity by 13% over the last 3 years with downsizing at

  3. OGJ Newsletter

    Magazine Articles

    Mon, 24 Feb 2014

    Mediterranean region, according to the company. The capacity reductions are designed to increase the company's Italian refining utilization to 80% by 2017. While Eni already has cut its refining capacity by 13% over the last 3 years with downsizing

  4. MARKET WATCH: Crude oil, natural gas prices retreat

    Online Articles

    Thu, 25 Aug 2011

    the second week in a row (down 0.9%) and remains modestly lower on a year-over-year basis. Turning to refining , utilization rose to 90.3% (matching its high) last week from 89.1%. The mixed inventories report had a negligible

  5. MARKET WATCH: Oil climbs near $83/bbl; gas closes at $4/MMbtu in New York

    Online Articles

    Thu, 11 Aug 2011

    3% sequentially, but remains down 0.1% year-over-year on a 4-week moving average basis. Turning to refining , utilization rose to 90.0% last week from 89.3%, and is just 0.3% below its high for the year. Energy prices The

  6. Global downturn will narrow 2009-10 margins, utilizations for Asia-Pacific

    Magazine Articles

    Mon, 1 Jun 2009

    Pacific are the main reasons for the cuts in refining throughput. CPC should be able to maintain its overall refining utilization at slightly more than 70% because state-owned CPC Corp. holds about three quarters of the domestic market

  7. MARKET WATCH: Energy prices rise with economic recovery

    Online Articles

    Tue, 4 May 2010

    Administration will report May 5 another increase in oil inventories. “Incentivized by high crack-spreads, refining utilization has been going up recently,” said analysts at Pritchard Capital Partners LLC in New Orleans. “We expect

  8. SPECIAL REPORT: Capacity, complexity expansions characterize China's refining industry past, present, future

    Magazine Articles

    Mon, 7 Mar 2011

    from vigorous expansion of both CNPC and Sinopec, plus the flourishing of small refineries, China's overall refining utilization rate, defined as the share of throughput in total capacity, was low in the 1990s. In 1998, the overall refinery

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