Refining - 08 January 2016

The average fuel economy of new vehicles sold in the US in December was 24.9 mpg, reflecting the continuing drop in the price of gasoline.

US regular retail gasoline prices averaged US$2.43/gal. in 2015, the lowest annual average price since 2009.

Kuwait has experienced a chaotic week as oil prices rise and fall, settling on a record low of US$24.12/bbl.

Axens has entered into an asset purchase agreement with Scutter Enterprises to purchase assets and technology related to sulfur removal products.