- Key Market Prices
- Key Market Prices
- Public Policy
- European Parliament Member Urges U.S. to Reconsider Cap-and-Trade
- Rescheduled July 28: The Carbon Challenge Webinar Series as Part of Global Carbon Initiative
- Brief: Chevron Files Appeal on Richmond Refinery Ruling
- Margins & Economics
- Sinclair Oil Puts Tulsa Refinery Expansion on Hold
- South Africa’s IDC Could put $3.7 Billion into CTL Venture
- NYMEX Crude Closes Just Shy of $64/bbl
- Ethanol Future, Spot Markets Remain Bullish
- Consumers Still Worry about Gasoline Mileage Despite Price Crash
Fuels & Processing
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Lower Demand Reduces OMV’s Refining Margin
OMV’s refining margins have declined steadily since first quarter of 2008. Of particular note is the decreasing middle distillate spread.
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Heavier Feeds Make ULSD Production More Challenging
Long-term ultra-low sulfur diesel (ULSD) production targets are expected to increase gradually. What is more ominous is that the feedstocks being introduced at the front end of the refinery are making it more difficult just to meet current ULSD targets.
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Brief: One injured in Citgo Refinery Accident
A fire Sunday at the Corpus Christi Citgo Petroleum Corp.’s East Plant landed one person in a nearby burn center. The extent of his injuries was unknown at press time.
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PetroChina Starts Expansion of Jilin Refinery
Jilin Petrochemical, a subsidiary of PetroChina, has begun an expansion project at its Jilin refinery that would increase refinery capacity to 10 million tonnes/year.
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Ghana Agrees to Plans for $6 Billion Refinery
South Africa’s New Alpha Refinery Ghana Ltd. and the government of Ghana have signed a memorandum of understanding for the creation of a 200,000 b/d refinery in Ghana.
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Somerset Refinery Begins Operation
A 5,000 b/d refinery in Kentucky is seeing new life again after being idled in 2006 because of financial difficulties.
Feature
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Warm-gas cleanup system pilot plant
Source: RTI
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DOE, RTI, Tampa Electric Team-up on Warm-Gas Cleanup Trial
A syngas cleanup technology developed by RTI is being scaled-up for tests at Tampa Electric’s IGCC plant in Florida.
Key Market Prices
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Key Market Prices
Transportation & Logistics
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Nissan-Renault to Invest in Lithium-ion Battery Plants in UK, Portugal
As part of its push to encourage a mass market for electric vehicles in 2011, the Renault-Nissan Alliance announced Monday that it would invest in the construction of two lithium-ion battery plants in Portugal and Northeast England.
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Suzuki, Hyundai Add More Diesels for India Market
India’s government policy favoring diesel over gasoline is prompting more local automakers to boost diesel engine production.
Margins & Economics
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Sinclair Oil Puts Tulsa Refinery Expansion on Hold
The current economic recession in the U.S. has forced Sinclair Oil to put on hold its $1 billion expansion of its Tulsa refinery.
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South Africa’s IDC Could put $3.7 Billion into CTL Venture
A South African government investment agency potentially could put billions of dollars into a proposed coal-to-liquids project venture with Sasol.
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NYMEX Crude Closes Just Shy of $64/bbl
The price of the August NYMEX crude futures contract inched up 0.7% yesterday, to $63.98/bbl.
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Ethanol Future, Spot Markets Remain Bullish
Ethanol spot and future markets remained bullish yesterday as the broader energy markets rose to their highest levels this month, but prices on the rack market continued to slide.
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Consumers Still Worry about Gasoline Mileage Despite Price Crash
Despite falling fuel prices, consumers still worry about fuel economy, according to a CarGurus consumer survey.
Public Policy
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European Parliament Member Urges U.S. to Reconsider Cap-and-Trade
A member of the European Parliament has written an editorial in the Washington Times calling for U.S. politicians to think twice about cap-and-trade, arguing that the measure harms economic growth and does comparatively little to reduce emissions.
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Rescheduled July 28: The Carbon Challenge Webinar Series as Part of Global Carbon Initiative
Due to one of the speakers attending a family funeral, Hart Energy Publishing is rescheduling the first of 11 live webcasts about global carbon challenges – Adapting to New Policies –which was slated to occur this morning, for 10 a.m. EDT (3 p.m. GMT) July 28.
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Brief: Chevron Files Appeal on Richmond Refinery Ruling
Chevron officially appealed the ruling of a California judge in which the company had to cease upgrade operations Chevron’s Richmond, Calif., refinery.
