Crude oil inventories at Cushing, Okla. are 23M barrels above 5-year average as of Jan. 29 High inventory levels of crude oil have played their part in pushing oil prices to their lowest levels in 13 years, according to the US Energy Information Administration. Other factors that have played a part in pushing US crude oil […]
High inventories help push crude oil prices to lowest levels in 13 years Read More »
US gas prices at the lowest at $1.48 a gallon in Tulsa, Oklahoma CAMARILLO, Calif. _ The average price of gasoline has plunged 14 cents over the past two weeks, to $1.91 a gallon. Industry analyst Trilby Lundberg said Sunday that with the latest decline, gas prices are at the lowest point in seven years. Lundberg says
Gas prices plunge 14 cents over past 2 weeks Read More »
Industrial refinery gas producers use combination of SMR production, by-product hydrogen from nearby chemical plants Refinery demand for hydrogen has increased as demand for diesel fuel has risen both domestically and internationally, and as sulfur-content regulations have become more stringent, according to the US Energy Information Administration. Refineries use hydrogen to lower the sulfur content
Refinery hydrogen demand increase 60%, merchants meet demand Read More »
Unplanned issues at Gulf Coast refinery could provide some support to spot product prices if supply is curtailed significantly With U.S. refinery runs eyeing the 17-million-barrel-per-day (b/d) threshold this week, any resulting drop in the country’s crude inventories will likely be converted into product stock builds, exacerbating the persistent oversupply that has weighed on oil markets,
Refinery runs may boost products oversupply – Platts Read More »
Distillate inventories in Europe, Asia have reached highest level in several years, depressing global prices Stocks of distillate fuel oil in the Central Atlantic, which encompasses the New York Harbor region, have risen nearly every week since April, reaching 36.9 million barrels as of October 30. This level is 9 million barrels above the five-year
High distillate fuel oil inventories in Central Atlantic weighing on spot price Read More »
Diesel demand usually peaks during winter, gasoline during summer Diesel has fallen below the price of gasoline for the first time since 2009, thanks in part to shortages in California caused by refinery outages, according to the US Environmental Information Administration. On July 13, the U.S. average diesel fuel retail price fell below the average regular
Diesel prices below gasoline for first time in 6 years Read More »
Natural gas as transportation fuel may have higher value for producers Natural gas could displace as much as 1.5 million barrels of day of oil for use as a transportation fuel by 2030, according to a new study by consultancy IHS. The study, LNG in Transportation: Challenging Oil’s Grip, forecasts significant growth and value in the market
Natural gas poised to replace oil for heavy duty truck fleets – study Read More »
Most distillate fuel now has less than 15 parts per million of sulfur, down from 3,000 Regulations have significantly lowered the amount of sulfur in American diesel fuel and heating oil over the past 20 years, according to statistics from the US Energy Information Administration. Distillate fuel oil supply consists primarily of diesel fuel used for
Sulfur dramatically reduced in diesel fuel, heating oil Read More »
