Tag: refining
‘Refined’ coal accounts for 20% of US coal-fired power generation so far in 2017
Refined coal was encouraged through tax credits in American Jobs Creation Act of 2004 The U.S. power sector consumption of coal is increasingly shifting to refined coal, even as coal-fired electricity generation decreases, according to the U.S. Energy Information Administration. Refined coal has been processed to remove certain pollutants from raw, or feedstock, coal. Electricity […]
Changing quality mix affecting crude oil price differentials and refining decisions
Gulf Coast refineries in U.S. typically supplied with heavy Mexican, South American crude Growth in global liquid fuels supply since March 2017 has been driven by increases in the production of historically higher-priced light crude oils, according to the U.S. Energy Information Administration. This growth has more than offset recent declines in the production of […]
Hurricane Harvey caused US Gulf Coast refinery runs to drop, gasoline prices to rise
Gulf Coast gasoline prices rose by 35 cents per gallon to $2.51/gal Hurricane Harvey caused substantial disruptions to crude oil and petroleum product supply chains and increased petroleum product prices, according to the U.S. Energy Information Administration. For the week ending Sept. 1, 2017, gross inputs to refineries in the U.S. Gulf Coast fell by […]
Colonial pipeline shuts down, East Coast gas shortages loom
Lower Texas refinery output impacts Colonial pipeline As Texas and Louisiana refineries remain closed or are operating at reduced capacity in the aftermath of Hurricane Harvey, the Colonial pipeline has been shut down due to lack of product to ship. The pipeline, a major fuel artery to the Port of New York and New Jersey […]
Husky Energy buying Wisconsin refinery for $435 million
Husky Energy buying 50,000 b/d Superior, Wisconsin refinery On Monday, Calgary-based Husky Energy announced it will purchase a 50,000 barrel per day (b/d) refinery from Calumet Specialty Products Partners, L.P., located in Superior, Wisconsin. The purchase price for the Superior Refinery is US$435 million in cash. According to the company, the facility will help accelerate […]
Column: Physical oil market tightens as refiners scramble for crude
Physical oil market significantly tighter now than the first half of June By John Kemp LONDON, July 28 (Reuters) – Physical crude markets are at last showing signs of tightening as record refinery consumption in the United States coincides with a slowdown in oil exports from the Middle East Gulf. U.S. refineries processed an average […]
U.S. petroleum refinery capacity continues to increase
U.S. crude oil production 0.5 million b/d lower in 2016 than 2015 As of Jan. 1, 2017, U.S. operable atmospheric crude distillation capacity reached 18.6 million barrels per calendar day (b/cd), 1.6 per cent higher than at the beginning of 2016, according to EIA’s annual Refinery Capacity Report. This increase in operable capacity was slightly lower than last […]
Growing octane needs widen price difference between premium, regular gasoline
Energy policy reforms in recent years promoted widespread use of ethanol as source of octane in gasoline The difference between U.S. average retail prices for premium and regular gasoline reached 50 cents per gallon in late 2016, and it has remained near that level so far in 2017, according to the U.S. Energy Information […]
Democratic Senators target Carl Icahn biofuel credit activities
Carl Icahn proposed change to US biofuels program in February Eight Democratic Senators, including Elizabeth Warren, have requested that US regulators launch an investigation into the activities of Carl Icahn in the US biofuels blending credit market, according to a report by Reuters. The senators say Icahn may have violated securities trading laws since becoming an […]
Philadelphia Energy Solutions taps its COO to lead company
Gregory Gatta to run Philadelphia Energy Solutions By Jarrett Renshaw NEW YORK, Feb 22 (Reuters) – Philadelphia Energy Solutions has tapped chief operating officer Gregory Gatta as its next chief executive officer, the refining company said on Wednesday. Gatta, 41, an investment professional who worked at various private equity firms including Basso Capital Management and […]
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