Downstream news
EIA publishes crude oil and refined products balances
The US EIA has published its Weekly Petroleum Status Report which provides crude oil and refined products balances for the US.
ILTA commits to holding annual conference and trade show in 2020
ILTA has committed to holding its annual conference and trade show in 2020, moving the dates to 16 – 18 November.
Well Resources Inc. commissions Ionikylation unit at Wuhan refinery
Well Resources Inc. has announced the commissioning of a 300 000 tpy Ionikylation unit at Sinopec’s Wuhan refinery, which is the world’s first commercial scale revamp from a hydrogen fluoride based alkylation process.
Ukraine may hold key to Europe’s gas storage crunch
New analysis from Wood Mackenzie suggests October may prove critical for the European gas storage market.
Shell sets net-zero target
Shell has unveiled plans to become a net-zero emissions business by 2050 or sooner.
US crude stock builds break records
Rystad Energy has reported that US crude stock builds have broken records as refinery runs are forecast to fall by 3.8 million bpd.
Wood Mackenzie: Saudi Arabia crude OSPs bode well for Asia
Wood Mackenzie has reported that Saudi Arabia’s May 2020 Official Selling Prices for crude exports target Asian refiners with steep discounts.
Petrofac provides Dalma project update
Petrofac has received notice of termination from ADNOC of two recent contracts for the Dalma Gas Development Project.
EIA outlines its weekly retail price reports
The EIA has released information about its two weekly reports which track retail prices for gasoline, diesel, and residential heating fuels.
Rodan Energy Solutions enters US market
Rodan Energy Solutions has opened a new office in New Jersey and confirmed the appointment of a new Managing Director for US Operations.