Refining - 05 November 2015

Stocks of distillate fuel oil in the Central Atlantic have risen nearly every week since April, reaching 36.9 million bbls as of October 30, according to EIA data.

Chevron has reported its highest US refining profits for the first nine months of the year – US$2.6 billion as compared to US$1.7 billion for the same period last year.

Calumet Specialty Products Partners LP has reported a net loss for the 3Q15 of US$48.9 million, or US$0.68 per limited partner unit.

Alon USA Energy Inc. has announced results for the 3Q15: net income available to stockholders for the third quarter of 2015 was US$41.9 million.

In an over supplied competitive market, oil refiners are investing heavily in revamping their capacity to produce more of premium products such as ultra low sulfur diesel.