Refining - 10 March 2015

NACS has said that consumer optimism as fallen in correspondence with the rise in gas prices.

The US Energy Information Administration has said that US crude oil storage capacity utilisation is now at 60%.

Consumer Watchdog has said that Exxon misrepresented the Torrance refinery safety record and the explosions effect on gas prices to law makers at a Town Hall hearing.

Highlights from the testimony given by Scott D. Sheffield, Chairman and CEO of Pioneer Natural Resources at the 21st Century Energy Hearing.

Announcements from the global oil and gas sector.

The levy on petroleum products will be increased to US$0.02/l, according to an announcement by the President of Ghana.

Highlights from the testimony given by Graeme Burnett to the US House Energy and Commerce Committee Hearing on 21st Century Energy Markets.

Establishes Verisk as a leading provider of data analytics in energy, chemicals, metals and mining.

Rosneft subsidiary RN-Aero increased its sales to 3.42 million t in 2014, approximately 34% of the total volume of jet fuel sold in Russia.

The fall in oil prices since mid-2014 should boost output and employment in most sectors of the UK economy, according to PwC.