Enterprise announces Texas crude storage expansion
Enterprise Products Partners will expand its crude oil storage and distribution system in Southeast Texas over the next 18 months.
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Refineries expanded, but not constructed
It’s a frequently repeated factoid about the energy industry: No new major refinery has been built in this country in decades. But several small refineries have opened and significant capacity has been added at the nation’s refineries. More »
Proposed gasoline pollution rules fuel air quality debate
Clean air advocates and the oil industry on Thursday released dueling studies on the Obama administration’s proposed gasoline emissions rule, with radically different conclusions on its effects on air pollution. More »
New refineries planned for Bakken Shale
Some companies are building small refineries in North Dakota, trying to take advantage of the low cost of Bakken crude and a growing demand for fuel in the local area. More »
Diesel exports from US rising as plant maintenance winds down
Exports of diesel fuel from the U.S. Gulf Coast are poised to climb as refineries returning from maintenance boost production, widening the price gap between the Gulf and Europe. More »
Feds to unveil new sulfur standards for gasoline
The Obama administration on Friday is expected to unveil a long-delayed plan to slash smog-forming sulfur emissions from gasoline, despite objections from the oil industry. More »
Corn supply slumps most since ’75 on ethanol profit
Corn supplies in the U.S., the biggest grower, are shrinking at the fastest pace in almost four decades as improving demand from ethanol refiners drains reserves already diminished by drought. More »
Saudi Aramco to become lead oil refiner, chief says
Saudi Arabian Oil Co., the world’s biggest crude exporter, also expects to become the top producer of refined products such as fuel and petrochemicals, according to Khalid al-Falih, the company’s chief executive. More »
China revises fuel-price controls
The new mechanism will mean more-frequent fuel-price revisions that better reflect movements in the global crude market and reduce speculation, the NDRC said in the statement. It may also curb processing losses at the nation’s oil companies. More »
Gulf Coast refineries will increase diesel production
Gulf Coast refineries are expected to boost production of diesel by more than 100,000 barrels a day in 2013, allowing them to easily meet increased demand in Latin America, according to a report by Energy Security Analysis. More »
Tesoro to buy ‘green’ crude oil
San Antonio-based refiner Tesoro Corp. has agreed to purchase algae-derived “green” crude oil that will be made into diesel fuel at its West Coast refineries. More »
Phillips 66 signs deals to use more U.S. shale crude
Kicking its strategy of using cheaper crude oil from U.S. shale plays into high gear, Phillips 66 has signed deals with three midstream companies to bring as much as 130,000 barrels a day of North American crude oil to its refineries. More »
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