Refining - 31 October 2014

Record breaking numbers attended Tank Storage Asia this year.

A further collection of announcements from companies involved in the oil and gas sector including MOL, Velocys and Rolls Royce.

According to IHS, the Engineering and Construction Cost Index (ECCI) for October eased relative to September, reflecting lower oil prices.

Sabin Metal has announced the addition of a second electric arc furnace and baghouse at its Williston precious metals refining facility.

The US Energy Information Administration reports on changes in the average US gasoline and diesel prices over the past week.

Fluor has reported its financial results for the third quarter of 2014.

A new Energy Information Administration report shows that it is time to act on crude exports.

A selection of announcements from companies active within the oil and gas sector, including ENI, Albemarle and KBR.

A large decline in upstream activity balanced out by a similar percentage rise in downstream activity has been found in a report by EIC Monitor.

According to the US EIA, the US average retail price for regular gasoline was US$ 3.06/gal. at the beginning of this week.

A new report shows that horizontal drilling and fracking was responsible for 48% of US oil production and reduced fuel prices in 2013.