US refinery news

The US Energy Information Administration (EIA) expects average US retail gasoline prices to decrease in 2024 because of increased inventories related to increased refinery capacity.

The CITGO Corpus Christi Refinery has earned the US Environmental Protection Agency's (EPA) ENERGY STAR® certification, distinguishing the plant as a leader in energy and environmental management in the petroleum industry.

The EIA reports that on 20 November 2023, the regular gasoline retail price averaged US$3.29/gal across the US, 10% less than the same time in 2022.

The US Energy Information Administration (EIA) expects global liquid fuels production to increase by 1 million bpd in 2024.

A US$1.2 billion transaction with Morrow Renewables has positioned Enbridge as a major North American RNG operator.

The EIA reports that US exports of petroleum products grew by 2% to nearly 6 million bpd 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.

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.

The production of renewable diesel has restarted at the expanded part of Neste’s Singapore refinery after operational shutdown.

The EIA expects new milestones for US crude oil production amid sustained global petroleum demand and rising prices.