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Volume 12, Issue 10
May 07, 2008

Theresa Ward, Managing Editor, Newsletter Group

Top Stories
EPA Issues Final Emission Standards for Refineries
IDEM Issues Final Permit for BP Refinery Project
Daimler Claims ‘Bluetec’ Hybrid Diesel Car Cuts CO2, Saves Money
CIBC: U.S. Gasoline to Climb Near $7/gal by 2012
Lehman Brothers Estimates Large Drop in Oil Prices
Study Shows What Diesel Exhaust Contains; Could Aid Emissions Control
Study: Monitoring GHG Levels Will Need Data Collection 10 Times Larger
Hart Energy Presents the European Refining & Fuels Conference on Low-Carbon Fuels Implementation
Market Snapshot
Gasoil
Brent
News from Americas
ExxonMobil Q1 Downstream Earnings Drop 39%
Chevron Downstream Earnings Tumble on Low Margins
Petroperu Gets 20 Submissions for Talara Refinery Project
Hess Loses $3 Million on Refining in Q1
Murphy Oil’s Earnings Climb 270% Despite Decreased Downstream Contribution
Weak Refining Margins Result in $75 Million Q1 Downstream Loss for Marathon
High Crude Prices Help Send Sunoco to $59 Million Loss
Western Starts Up Gasoline Unit at Yorktown Refinery
Central American Refinery Uncertain
GM Loses $3.3 Billion in Q1
Weak Refining Margins Send ConocoPhillips’ R&M Earnings Down More than 50%
Despite High U.S. Diesel Prices, VW/Audi Not Changing Introduction Plans
Suncor Expects to Complete Work at Sarnia Refinery by Early May
Fuels-Combustion Modeling Could Help Refiners, Engine-Makers Make Smarter Choices
Valero’s Q1 Earnings Drop 76%
Petro-Canada: Edmonton Refinery Project to Startup in Q4
Sinclair Starts Construction of Tulsa’s Refinery Expansion
News from Middle East / Asia
Caltex May Cut Production to Counter Higher Refining Margins
Sinopec to Expand Zhenhai Refinery 15%
Gulf Petroleum’s $5 Billion Malaysian Refinery Approved
Sinopec Expects Q1 Profits to Fall 50%
Indian Court Restores Essar Tax Benefits
SK Plans New Unit at Inchon Refinery
Honda has Best Fiscal Year Ever, But Expects Down Year This Year
Report: PetroChina to Further Expand its Huabei Refinery
Axens to Provide Units to Qatar Refinery
Refined Product Price Controls Help Send PetroChina Earnings Down 31.5%
Iran to Help Upgrade Sri Lankan Refinery
News from Europe / Africa
Daimler’s Q1 Earnings Slide 32%
African Refiners and World Bank to Study Sub-Saharan Refining Capacity
U.K. Organization: CO2 Reductions Should Focus on Moving Traffic
Glasgow to Implement Low Emission Zone
Eni’s Downstream Earnings Tumble 75%
Neste’s New Diesel Line Strengthens Refining Margin
Lukoil, Petrol Settle Dispute
Total Reaches Agreement to Buy Canadian Oil Sands Company
Shell’s Oil Product Earnings Climb as Utilization Increases
BP R&M Earnings Up 55%
Market Report
NYMEX Crude Sets New Record Above $121/bbl

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