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Poland’s Lotos cushioned by cheap strategic crude stocks in Q2

5 hours ago NAMEX Comments Off on Poland’s Lotos cushioned by cheap strategic crude stocks in Q2
London — Poland’s second-largest refiner, state-controlled Lotos, increased its refinery throughput and use of Urals crude in the second quarter, resulting in stable downstream profits as access to strategic crude stocks cushioned it from problems sourcing Russian crude, results published Tuesday showed. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Read More

Certarus Ltd. Announces Execution of a Flare Gas Capture Agreement With a Multi-National American Energy Supermajor for Its Electric Completions Program

1 day ago NAMEX Comments Off on Certarus Ltd. Announces Execution of a Flare Gas Capture Agreement With a Multi-National American Energy Supermajor for Its Electric Completions Program
HOUSTON, Aug. 19, 2019 (GLOBE NEWSWIRE) — Certarus Ltd. (“Certarus” or the “Corporation”) is pleased to announce that it has entered into a flare gas capture and compressed natural gas supply agreement with a Multi-National American Energy Supermajor (“Supermajor”) to service its electric hydraulic fracturing operations in the Delaware and Midland basins. This is the Read More

Feature: USGC ULSD jumps as export demand to Brazil surges

3 days ago NAMEX Comments Off on Feature: USGC ULSD jumps as export demand to Brazil surges
Houston — Brazilian demand for US Gulf Coast diesel (gasoil) this month — spurred by a refinery outage and state-run pricing — has helped drain supplies and push spot differentials past a one-month high. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now S&P Global Read More

Argentina enforces fuel price caps despite warnings of oil production slowdown

3 days ago NAMEX Comments Off on Argentina enforces fuel price caps despite warnings of oil production slowdown
Buenos Aires — Crude sales price falls to $40-42/b Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Caps seen a threat to Vaca Muerta development Refined products imports rise Argentina imposed a 90-day freeze on diesel (gasoil) and gasoline prices Friday, driving down domestic crude prices by around 30% Read More

Refinery news roundup: Minor works at Russian refineries, Antipinsky back

4 days ago NAMEX Comments Off on Refinery news roundup: Minor works at Russian refineries, Antipinsky back
London — Only minor works were heard at Russian refineries before the start of the autumn refinery turnaround season in October. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Meanwhile, the Antipinsky refinery resumed operations on July 18, Sberbank said in a statement. Socar Energoresurs, a joint venture between Read More

European middle distillates cracks hit 2019 highs as crude slips

4 days ago NAMEX Comments Off on European middle distillates cracks hit 2019 highs as crude slips
London — European middle distillate cracks have climbed to their highest this year amid falling crude prices, a closed arbitrage from Asia and expectations of greater demand as International Maritime Organization 2020 regulations on marine fuels loom. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The front-month 10 ppm Read More

Daniel Turner: Teen Vogue advocates for back to school climate activism – Here’s what it isn’t telling kids

6 days ago NAMEX Comments Off on Daniel Turner: Teen Vogue advocates for back to school climate activism – Here’s what it isn’t telling kids
Back to school is big business, with Americans spending an estimated $60 billion on the latest technology, clothes, books and other items as school resumes. Just about everyone peddling a product is capitalizing on this lucrative period, including those selling political ideologies. Teen Vogue, an overtly liberal fashion magazine for girls, recently advocated forback to Read More

Fujairah data: Refined product stocks up 10% on middle distillates gain

6 days ago NAMEX Comments Off on Fujairah data: Refined product stocks up 10% on middle distillates gain
Dubai — Refined oil product stockpiles at the Middle Eastern hub of Fujairah jumped 10% in the week to August 12 to 21.253 million barrels — an eight-week high — according to data released Wednesday by the Fujairah Oil Industry Zone. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Read More

Argentina freezes diesel (gasoil), gasoline prices as peso plunge stokes inflation

6 days ago NAMEX Comments Off on Argentina freezes diesel (gasoil), gasoline prices as peso plunge stokes inflation
Buenos Aires — Argentinian President Mauricio Macri said Wednesday he will impose a 90-day freeze on oil- product prices, part of a battery of measures to assist consumers and small businesses after a plunge in the exchange rate this week accelerated an annual inflation rate already above 55%. Not registered? Receive daily email alerts, subscriber Read More

INDIA DATA: July oil product demand up 3.3% on year at 17.58 mil mt

1 week ago NAMEX Comments Off on INDIA DATA: July oil product demand up 3.3% on year at 17.58 mil mt
New Delhi — India’s oil demand in July rose 3.3% year on year to 17.58 million mt, or an average 4.43 million b/d, on higher demand for transportation fuels, the latest provisional data from the Petroleum Planning and Analysis Cell showed. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Read More