- Key Market Prices
- WTI Settles 1.6% Higher as Dollar Falls Lower Against Euro
- Margins & Economics
- Ener1 Obtains US$4.5 Million in Short-Term Debt Financing
- U.S. Crude, Gasoline Stockpiles Seen Higher
- NYMEX WTI Extends Gains on U.S. Consumer Confidence
- Fuels & Processing
- Topsøe Wins ‘SNOX’ Contract for Petrobras Refinery
- UOP to Offer Twister’s Gas-Separation Technology
- Diesel Shortage in Western Canada: Relief on the Way
- Oil-Sands Output Forecast to Triple by 2035 – Canada’s NEB
- Alfa Laval Launches Marine & Diesel Division; Includes Scrubber System
- Grace Completes Renewable-Fuels Expansion in Brazil
- Electric Power
- U.S. Petroleum Marketer Installs First EV-Recharge Station
Fuels & Processing
-
Topsøe Wins ‘SNOX’ Contract for Petrobras Refinery
Topsøe announced November 29 that it won an order from Petrobras for two “SNOX” flue gas cleaning plants for the new “RNEST” refinery at Pernambuco, Brazil.
-
UOP to Offer Twister’s Gas-Separation Technology
UOP LLC, a Honeywell company, announced November 29 that it will expand its portfolio of natural gas-treatment technologies through an exclusive marketing alliance with the Netherlands-based Twister B.V. UOP has also acquired a minority position in Twister B.V.
-
Diesel Shortage in Western Canada: Relief on the Way
Diesel shortages in western Canada are soon to be alleviated thanks to restart of a shut-down Air Products hydrogen plant supplying Suncor’s 135,000 barrel-per-day oil refinery at Edmonton, Alberta.
-
Oil-Sands Output Forecast to Triple by 2035 – Canada’s NEB
Oil-sands production in Canada will likely triple by 2035, making it the overwhelming source of Canadian crude oil and opening doors to additional energy exports, according to a November 22 report by The Vancouver Sun citing a new report from the country’s National Energy Board.
-
Alfa Laval Launches Marine & Diesel Division; Includes Scrubber System
Sweden-based Alfa Laval announced November 22 the creation of a new “Marine & Diesel” division with the result that the company’s various marine, offshore and diesel businesses of Alfa Laval and Aalborg Industries are now integrated.
-
Grace Completes Renewable-Fuels Expansion in Brazil
W. R. Grace & Co. on November 21 marked the expansion of its manufacturing facility in Sorocaba, Brazil, with a ribbon cutting ceremony attended by community leaders, customers and employees.
Feature
-
-
A New Era for Commodities: Global Prices to Remain High, Volatile
The volatility of global commodity prices is now greater than at any time since the oil-shocked 1970s, because prices are increasingly moving in lockstep with financial markets.Cheap resources underpinned economic growth for much of the 20th century, but the 21st century will be quite different, according to a new analysis from McKinsey & Co., Inc.
Key Market Prices
-
WTI Settles 1.6% Higher as Dollar Falls Lower Against Euro
Electric Power
-
U.S. Petroleum Marketer Installs First EV-Recharge Station
Chelsea, Mass.-based petroleum fuels marketer Dennis K. Burke Inc. on November 21 unveiled its first electric-vehicle (EV) recharge station – powered by a 50-kilowatt, solar-panel array installed on the company’s rooftop.
Transportation & Logistics
-
Novel Electric Transit Bus to Employ Wireless-Recharge Scheme
The McAllen, Texas, transit authority (Metro McAllen) this month was awarded a US$1.9-million grant from the U.S. Federal Transit Administration to test a wireless recharge scheme for electric transit buses.
-
Mazda Unveils World’s First Capacitor-Based Regenerative Braking System
Mazda on November 25 unveiled what it calls the “i-ELOOP” regenerative braking system which – unlike conventional hybrids – captures and reuses braking-induced electric energy via a capacitor instead of a battery, alternator or electric motor, boosting fuel economy by up to 10%.
-
Lexus Scraps Diesel Car Sales in Norway
Citing relatively weak sales, Lexus announced November 14 that it is scrapping sales of the diesel version of its cars in Norway.
Margins & Economics
-
Ener1 Obtains US$4.5 Million in Short-Term Debt Financing
New York-based energy storage technology firm Ener1, Inc. announced November 22 that it obtained US$4.5 million in short-term debt financing from Bzinfin S.A., the company’s largest shareholder and investment funds managed by Goldman Sachs Asset Management L.P.
-
U.S. Crude, Gasoline Stockpiles Seen Higher
Preliminary forecasts predicted a build in U.S. crude and gasoline inventories and a decline in distillate inventories in the week ended November 25.
-
NYMEX WTI Extends Gains on U.S. Consumer Confidence
NYMEX light, sweet crude for January delivery closed at US$99.79 per barrel (/bbl), up $1.58 on November 29, tracking gains in the stock market in response to released data showing U.S. consumer confidence rising more than expected in November.
