Refining

U.S. Trade Deficit Reaches All-Time High

A tanker carrying 1 million barrels of crude oil from Iraqi Kurdistan reportedly just rounded the Florida pan handle and is scheduled to land in Galveston, Texas. The buyer is unclear and Iraq’s official crude oil marketer SOMO is threatening to sue anyone purchasing the cargoes, which the government in Baghdad views as violating the… Keep reading →

General view of an oil refinery

A new documentary called Pump seeking to promote alternative fuels in the US takes aim at the existing downstream oil products complex and suggests change is afoot. The movie is due out in September and today Submarine Deluxe, in association with Fuel Freedom Foundation and iDeal Film Partners released the trailer that can be viewed… Keep reading →

Rushing to Regulate

Leaks Found At Illinois Nuclear Plants

Eye-catching headline this week in The Hill: “EPA races to finish Obama rules.” First reaction: Haste makes waste – and when talking about regulation that could affect America’s dynamic, game-changing energy revolution, the goal should be sound policy, not speed. The Hill: Officials at the Environmental Protection Agency (EPA) are racing to churn out new regulations… Keep reading →

High Gas Prices Prompt Bush's Decision To Lift Ban On Offshore Oil Drilling

EPA’s proposed update for petroleum refinery emission standards includes benzene concentration monitoring for the first time. On May 15, 2014, the Environmental Protection Agency (EPA) issued a proposed rule updating toxic air pollution standards for petroleum refineries located near neighborhoods.  It is the first EPA proposal requiring monitoring of air concentrations for benzene around fence… Keep reading →

Rising Rivers And Tributaries Continue To Flood Southern Communities And Farm Land

Another benefit of America’s energy renaissance is seen in the competitive edge North American refiners are gaining because of lower feedstock costs, resulting from surging domestic crude oil and natural gas production. The latest “This Week in Petroleum” report by the U.S. Energy Information Administration (EIA) says that U.S. and Canadian refiners are in a stronger position relative… Keep reading →

Tankers Leave Oil Refineries As Strike Action Looms

By Sri Jegarajah U.S. crude futures may draw some support this week from signs of improving gasoline demand and a pick-up in U.S. refinery activity, CNBC’s latest survey of market professionals showed — although a record supply overhang may restrain any move higher. Gasoline prices have now increased for 12 weeks in a row, gaining nearly… Keep reading →

Distributor Offloads Oil From Barge

The US energy production renaissance is having a profound impact on the country’s supply/demand fundamentals, rewriting the script with regard to crude oil imports and petroleum product exports. The EIA’s latest Short-Term Energy Outlook details numerous ways in which the US energy profile is evolving. “U.S. crude oil production averaged an estimated 8.3 million barrels… Keep reading →

USS Dwight D. Eisenhower Departs For Deployment

Today’s quote is actually a reader comment made in response to a news tidbit we featured in a recent morning roundup about the US Navy turning seawater into fuel. We remarked the piece was a bit light on details, so one of our readers helped fill in the technical aspects that, as he puts it,… Keep reading →

New York Culinary Experience 2014 Presented By New York Magazine And The International Culinary Center - Day 2

The changing global oil refining picture has seen several mid-range to large companies spin off their downstream operations in recent years, but the trend has yet to travel up the food chain to the world’s largest oil companies, despite pressure from investors to do so. Examples of companies that divested downstream assets include Hess and… Keep reading →

Air Pollution Reaches High Levels Across London

Last month EPA implemented new gasoline regulations requiring the last microscopic bits of sulfur to be removed from fuel. The Tier 3 standard is likely to hit consumers and burden the economy while providing, at best, negligible benefit. Writing for the Jefferson Policy Journal, Paul Driessen makes a number of important points about the potentially onerous effects of… Keep reading →

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