North America downstream news
Low liquidity and storage pushed WTI crude futures prices below zero
The EIA has reported on the factors which fed into the WTI crude oil futures prices dropping below zero.
BP confirms commitment to sale of Alaska business
BP and Hilcorp have successfully renegotiated the financial terms of BP’s sale of its Alaska business.
Lowest US petroleum consumption in decades
The EIA has reported that COVID-19 mitigation efforts have resulted in the lowest US petroleum consumption in decades.
GlobalData comments on WTI May futures
According to GlobalData, the WTI May futures and oil storage issues with have a rippling effect on global markets.
US total energy exports exceeded imports in 2019
The EIA has reported that total energy exports exceeded imports in 2019 for the first time in 67 years.
Air Products completes hydrogen plants acquisition
Air Products has announced the completion of its acquisition of five hydrogen plants from PBF Energy.
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.
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.
ExxonMobil tests methane monitoring technologies
ExxonMobil has announced that it has carried out field tests of eight methane detection technologies in Texas and New Mexico.
US to fill one third of its crude storage capacity in April
Continued production and collapsing demand means that the US is set to fill one third of its available crude storage in April, according to Rystad Energy.