US refinery news
US petroleum products exports set new record in 1H23
The EIA reports that US exports of petroleum products grew by 2% to nearly 6 million bpd in 1H23.
EIA: Difference in natural gas prices between Texas and Henry Hub narrowed in 1H23.
In 1H23, natural gas spot prices at Texas hubs traded closer to the US benchmark, Henry Hub, than in the second half of 2H22.
EIA: higher energy prices push US energy trade with Canada to record-high value
The EIA reports that energy trade between the US and Canada totalled US$190 billion when adjusted for inflation, compared with US$134 billion in 2021.
Production of renewable diesel restarted at Neste’s refinery
The production of renewable diesel has restarted at the expanded part of Neste’s Singapore refinery after operational shutdown.
EIA expects new milestones for US crude oil production
The EIA expects new milestones for US crude oil production amid sustained global petroleum demand and rising prices.
US refinery capacity increased at the start of 2023 for the first time since the COVID-19 pandemic
According to the annual Refinery Capacity Report by the US Energy Information Administration (EIA), US refining capacity increased this year for the first time since the COVID-19 pandemic.
High crack spreads to drive elevated refinery utilisation in the US
The EIA forecasts that US refinery utilisation will reach as high as 95% on a monthly average basis this summer in response to high product prices and crack spreads for gasoline, distillate fuel oil, and jet fuel.
EIA projects growth in natural gas liquids feedstock consumption
The EIA’s 2022 Annual Energy Outlook report projects growth in consumption of NGLs in the bulk chemicals industry.
ClearSign Technologies receives order from Californian refinery
ClearSign Technologies has received an initial engineering order from a large independent national refiner as the first phase of a project to retrofit two process heaters in one of the company's Californian refineries.
US to release crude oil from its Strategic Petroleum Reserve
The US Department of Energy has released 30 million bbl of crude oil from the US Strategic Petroleum Reserve to ensure an adequate supply of petroleum in response to Russia’s further invasion of Ukraine.