- Key Market Prices
- Key Market Prices
- Public Policy
- U.S. EPA Extends Public Comment Deadline for PM Draft
- China May Hold Off on Fuel Price Increase
- Margins & Economics
- Polish Refiner’s Net Income Down
- Backlog Orders from 2008 Benefit Some Suppliers
- Delek Group Q2 Net Income Increases Threefold
- Caltex’s 1H2009 After-tax Profit Up 52%
- S&P Revises Valero’s Outlook to ‘Negative’
- NYMEX Crude Dips Below $70/bbl
- Ethanol Largely Avoids Energy Market Sell Off
- California: May Gasoline Consumption Up 3.5%, Diesel Consumption Down 4.8%
- Fuels & Processing
- Caltex Eyes Possible UCG Opportunity
- Shell to Build Lubricants Blending Plant in Russia
- Transportation & Logistics
- Ford Unveils 1st Non-Navistar Diesel Pickup Engine
- Mitsubishi to Develop Electric Bus
Fuels & Processing
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Caltex Eyes Possible UCG Opportunity
Oil-major interest in underground coal gasification (UCG) continues to grow, with Caltex the latest to reveal interest in a possible UCG opportunity.
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Shell to Build Lubricants Blending Plant in Russia
With the Aug. 31 announcement of its construction of a 200-million-liter capacity lubricants-blending facility in Russia, Shell is poised to be the first international oil company to have a footprint in this market in Russia.
Feature
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Karam: Delphi Midstream Can Benefit from Dislocation in Midstream
While other companies have opined that the current economic downturn is a good time to invest in the midstream, Delphi Midstream is seeking to differentiate itself on the basis that it can provide long-term stability and insight as either a direct or indirect partner to producers.
Key Market Prices
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Key Market Prices
Transportation & Logistics
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Ford Unveils 1st Non-Navistar Diesel Pickup Engine
Ford is replacing the former Navistar “Power Stroke” diesel pickup-truck engine with a new engine of its own, starting in 2011 model year.
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Mitsubishi to Develop Electric Bus
Mitsubishi Heavy Industries and Mitsubishi Fuso Truck & Bus Corp. will work together to develop an electric bus powered by lithium-ion batteries. The two will also work with local jurisdictions in 2011 to test the bus’ safety and the durability of the lithium-ion batteries.
Margins & Economics
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Polish Refiner’s Net Income Down
Refiners in C.I.S. countries, Poland and Czech Republic, posted net losses into mid-summer. However, contraction in margins was not as bad has had been expected.
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Backlog Orders from 2008 Benefit Some Suppliers
Strong market position for some equipment suppliers can be directly correlated to order backlogs from 2008. However, a solid balance sheet going into 2010 could require significant cost reduction programs
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Delek Group Q2 Net Income Increases Threefold
Improved performance in a number of segments helped Israel’s Delek Group to see its second quarter 2009 income increase threefold to NIS 223 million (US$58.8 million).
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Caltex’s 1H2009 After-tax Profit Up 52%
Caltex Australia saw its after-tax profit for the first half of 2009 increase 52% to $298 million (US$251 million). Looking at the second half of the year, however, Caltex officials cautioned that global refining margins would continue to remain under pressure.
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S&P Revises Valero’s Outlook to ‘Negative’
Citing the difficulties in maintaining a strong near-term financial performance in the midst of depressed refining margins, bond rating services firm Standard & Poor’s has revised its outlook for Valero Energy from “stable” to “negative.”
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NYMEX Crude Dips Below $70/bbl
Drops in the equities markets in China, Europe and the U.S. pressured the price of the October NYMEX crude futures contract to fall downward also, to $69.96 per barrel (/bbl).
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Ethanol Largely Avoids Energy Market Sell Off
Even in the face of a sharp sell off in the broader energy markets, ethanol rack, spot and future prices in the United States remained relatively steady Monday.
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California: May Gasoline Consumption Up 3.5%, Diesel Consumption Down 4.8%
While gasoline consumption rose 3.5% in May from April in California, motorists consumed 4.8% less diesel, according to the latest numbers from the California Board of Equalization.
Public Policy
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U.S. EPA Extends Public Comment Deadline for PM Draft
The U.S. Environmental Protection Agency is extending the deadline for public comments on the second draft of a document that discusses the impact of particulate matter on public health and welfare.
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China May Hold Off on Fuel Price Increase
The Chinese government may wait to change the price for gasoline and diesel until after an Oct. 1 national holiday, according to various media reports.
