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Permian watch: America’s hottest shale play is slowing down

4 days ago DieselGasoil Comments Off on Permian watch: America’s hottest shale play is slowing down
By Ryan Collins on 7/17/2019 HOUSTON (Bloomberg) –The engine of America’s shale boom is beginning to sputter. Slowing Growth The almost relentless thrust that has doubled crude output from the Permian basin in three years is showing some signs of waning. Oil flows from the formation spanning West Texas and New Mexico are set to Read More

Slow-moving Tropical Storm Barry threatens Louisiana ports, refineries, LNG facilities

1 week ago DieselGasoil Comments Off on Slow-moving Tropical Storm Barry threatens Louisiana ports, refineries, LNG facilities
New York — Tropical Storm Barry is expected to make landfall over the central Louisiana Coast Saturday, bringing the potential for extreme flooding, National Hurricane Center information showed Friday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The NHC forecasts storm winds could reach hurricane strength when Barry reaches Read More

Cuadrilla confirms return to UK frac operations

1 week ago DieselGasoil Comments Off on Cuadrilla confirms return to UK frac operations
7/11/2019 PRESTON — Cuadrilla today confirmed that it will return to hydraulic fracturing and flow testing of natural gas at its flagship Lancashire site in Preston New Road, near Blackpool. The company, which is based just outside Preston, will remobilize hydraulic fracturing and testing equipment in the third quarter of 2019 and, subject to all Read More

US refinery casualty set to ease Europe’s gasoline glut

1 week ago DieselGasoil Comments Off on US refinery casualty set to ease Europe’s gasoline glut
London — The planned closure of the fire-damaged Philadelphia refinery, the biggest on the US East Coast, has already riled the gasoline-hungry local market but will likely extend a limited lifeline to European refiners struggling to find buyers for their surplus gasoline. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Read More

South Korea’s SK Innovation to raise supply of low sulfur fuels to 130,000 b/d next year

1 week ago DieselGasoil Comments Off on South Korea’s SK Innovation to raise supply of low sulfur fuels to 130,000 b/d next year
South Korea’s top refiner SK Innovation will increase supply of low sulfur fuels to 130,000 b/d next year, from the current 23,000 b/d, to meet stronger demand due to the implementation of marine fuel regulation by International Maritime Organization from January 1, 2020, a company official said Thursday. Not registered? Receive daily email alerts, subscriber Read More

Analysis: Asia’s affection for US crude not limited to low sulfur sweet grades

1 week ago DieselGasoil Comments Off on Analysis: Asia’s affection for US crude not limited to low sulfur sweet grades
Highlights India’s MRPL buys sour US crude Thunder Horse for first time Medium sour Mars Blend, Southern Green Canyon also popular in Asia Thunder Horse comes cheaper than Arab Medium in India, Platts data shows Singapore — Asia has demonstrated its strong appetite for a wide variety of US crude grades since late 2018, with Read More

Major grain traders face one-two punch from U.S. floods, trade war

2 weeks ago DieselGasoil Comments Off on Major grain traders face one-two punch from U.S. floods, trade war
CHICAGO (Reuters) – Severe U.S. weather likely dented earnings for large grain companies including Archer Daniels Midland Co (ADM.N) and Bunge Ltd (BG.N) for a second straight quarter, adding to headwinds from a still-unresolved U.S.-China trade war, analysts and economists said. Water stands next to a field of crops near Putnam County, Illinois, U.S. July Read More

Russian refinery news roundup: Refineries largely back from maintenance works

2 weeks ago DieselGasoil Comments Off on Russian refinery news roundup: Refineries largely back from maintenance works
London — Russian refineries have mostly returned from maintenance works. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Separately, Russia’s Komsomolsk refinery was connected via an offshoot to the ESPO pipeline on July 6-7 in order to start receiving crude shipments, a spokesman for Transneft said. The pipeline fill-in Read More

Refinery news roundup: Some maintenance in Europe draws to a close

2 weeks ago DieselGasoil Comments Off on Refinery news roundup: Some maintenance in Europe draws to a close
London — Some of the maintenance works in Europe have been drawing to a close. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Meanwhile, French oil major Total has started up production at its La Mede biodiesel (gasoil) plant in southern France, with the first batches of biofuel coming Read More