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U.S. generation of renewable fuel credits falls in August: EPA

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NEW YORK (Reuters) – The United States generated fewer renewable fuel blending credits in August than in July, the Environmental Protection Agency said on Thursday. About 1.26 billion (D6) blending credits were generated in August, down from 1.33 billion in July, and 331.3 million biodiesel (gasoil) (D4) blending credits were generated in August, compared with Read More

‘Very engaged’ Trump talks biofuels policy with U.S. oil-state senators

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NEW YORK (Reuters) – President Donald Trump on Thursday discussed biofuels policy with senators from U.S. oil states, including Louisiana Senator Bill Cassidy, who said the president was engaged on the issue that has pitted Big Oil and Big Corn against each other. FILE PHOTO: U.S. President Donald Trump speaks before presenting the Medal of Read More

U.S. biofuel credits slump ahead of Trump meeting with senators: traders

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NEW YORK (Reuters) – U.S. biofuel blending credits fell sharply on Thursday ahead of a meeting between President Donald Trump and senators from oil states, who are opposed to his administration’s tentative plan to boost annual ethanol usage mandates, traders said. FILE PHOTO: U.S. President Donald Trump speaks before presenting the Medal of Freedom to Read More

Indonesia’s July gasoline imports drop to lowest level in 2019 at 1.1 mil mt

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Indonesia took in a total of 1.106 million mt of gasoline in July, a stark fall of 21.4% on the month and the smallest volume year to date, detailed figures from Statistics Indonesia showed this week. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The drop had, however, been Read More

Trump backs plan that would boost biofuel quotas 10% in 2020

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NEW YORK (Reuters) – U.S. President Donald Trump has tentatively approved a plan to increase the amount of biofuels that oil refiners are required to blend each year to compensate for exemptions handed out to small refiners by the Environmental Protection Agency, two sources familiar with the matter said. FILE PHOTO: U.S. President Donald Trump Read More

Refinery News Roundup: Turnarounds in Asia-Pacific coming to an end

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London — Mangalore Refinery and Petrochemicals Ltd. has begun to restart its crude distillation unit after fixing damage caused by heavy rain, company officials said. The refinery shut Phase-III process units during the third week of August as a precautionary measure after a landslide caused by heavy rain. Not registered? Receive daily email alerts, subscriber Read More

APPEC: China’s Qingdao port to expand as crude appetite from independents rises

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Singapore — Growing appetite for crude from China’s independent refiners has prompted Qingdao Port International to pursue a strategy of expanding port infrastructure to help handle excess volumes and facilitate the blending of various crude grades, according to Liu Jin, party committee member of QPI. Not registered? Receive daily email alerts, subscriber notes & personalize Read More

Analysis: Asian gasoline inter-ron spreads set to widen on tightening MTBE supply

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Singapore — A tightening supply of octane boosters against a backdrop of positive blending economics is expected to keep Asian gasoline inter-ron spreads apart in the near term, while seasonal pressures weigh on lower octane grades, industry sources said Thursday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The Read More

Buckeye Bahamas Hub Partially Restarts Operations

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HOUSTON, Sept. 11, 2019 (GLOBE NEWSWIRE) — Buckeye Partners, L.P. (“Buckeye”) (NYSE: BPL) today reported that it has partially resumed operations at its Buckeye Bahamas Hub (“BBH”) facility following Hurricane Dorian. BBH is now able to accommodate customer vessels at its inland berths for both loading and unloading of petroleum products. Work continues on completing Read More

PDVSA seeks 2.96 million barrels of refined products for September: company report

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Caracas, Venezuela — Venezuelan state-owned PDVSA is seeking 2.96 million barrels of refined products and naphtha for September delivery, in order to compensate for low refinery runs and to maintain oil production, according to a company report seen by S&P Global Platts Monday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Read More