Category: Refining

Isaac’s advance roils oil, gasoline markets

As Isaac continues to churn its way toward the coast, it’s likely to be a volatile week in the energy markets.  More »

Survivors: strong gas odor before Venezuela blast

After nightfall on Friday, as red lights began glowing atop the massive Amuay refinery in western Venezuela, the odor of sulfur made its way through the surrounding neighborhood of working-class homes and small shops.  More »

Venezuela battles flames at largest refinery after deadly blast

Firefighters in Venezuela are battling flames at two storage tanks at the country’s largest refinery for a third day after a gas explosion Aug. 25 killed at least 39 people and injured dozens, shutting down the Amuay plant.  More »

Venezuela working to put out refinery fires after 39 killed

There was no structural damage to the processing units at the facility about 240 miles west of Caracas, and production will resume within two days after the fires are out, Oil Minister Rafael Ramirez said. Venezuela has 4 million barrels of inventories of gasoline and other petroleum products and continues to produce a total of 735,000 barrels of gasoline a day at plants including nearby Cardon.  More »

Refinery blast kills 39 in Venezuela, dozens hurt

A huge explosion rocked Venezuela’s biggest oil refinery and unleashed a ferocious fire on Saturday, killing at least 39 people and injuring more than 80 others in one of the deadliest disasters ever to hit the country’s key oil industry.  More »

Perry asks EPA for renewable fuel waiver

Texas Gov. Rick Perry today asked federal regulators to relax the renewable fuel standard, joining four other states that have also asked for waivers amid a drought that has ravaged corn crops in the Midwest.  More »

DC Panel Goes “Through the Looking Glass” in Cross State Air Pollution Rule decision

On Tuesday, a panel of the DC Circuit released its long awaited opinion in EME Homer City Generation v. EPA. This case was brought about on consolidated challenges to the EPA’s attempt to implement the Cross State Air Pollution Rule, a follow up to the CAIR (Clean Air Interstate Rule) that the DC Circuit found […]  More »

Petrochina 1H profit down 6 pct on refinery losses

China’s biggest oil and gas company, PetroChina Co., posted a 6 percent decline in first-half profit on Thursday on lower crude prices and continuing refining losses and warned the rest of the year would be “tortuous” as the global economy slows.  More »

Iran to double Shazand refinery output with new unit

Iran will start within three weeks a new gasoline production unit at the Shazand refinery which will double the plant’s output to 16 million liters a day, the state- run Mehr news agency reported.  More »

Chevron refinery fire a ‘close call’

The chairman of the U.S. Chemical Safety Board toured the scene of the Chevron refinery fire Monday and released photos of the gigantic vapor cloud that loomed over Richmond before it caught fire.  More »

U.S. fuel demand hits new low; gasoline prices keep rising

Even as America’s demand for fuel dropped to its lowest July level since 1995 last month, gasoline prices are getting steeper. Experts say competing forces – the rising global oil price and the tepid U.S. economy – are at play.  More »

BP looks to positives in effort to sell Texas City refinery

Refineries don’t often have curb appeal, all-new kitchens, quaint charm or many of the other amenities folks use to sell houses.  More »