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WTI structure strengthens as Middle East tensions simmer

2 hours ago DieselGasoil Comments Off on WTI structure strengthens as Middle East tensions simmer
New York — The NYMEX WTI forward structure continued to strengthen Monday after the front-month contract settled at a three-week high in a turbulent session. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now NYMEX August WTI settled up 47 cents at $57.90/b, while ICE August Brent was still down Read More

Refinery Margin Tracker: Atlantic Coast margin rally aided by Philadelphia refinery fire

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New York — US Atlantic Coast refinery margins moved up sharply on Friday after an early morning fire cut rates at the region’s largest refinery, with expectations higher margins will continue into the current week, an analysis from S&P Global Platts showed on Monday. Not registered? Receive daily email alerts, subscriber notes & personalize your Read More

Philadelphia refinery fire extinguished; alkylation unit destroyed: sources

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New York — The fire in the alkylation unit at Philadelphia Energy Solutions’ refinery was extinguished Sunday, according to company spokeswoman Cherice Corley. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now “We can confirm that the fire in the alkylation unit has been extinguished,” Corley said in an email. Read More

Iran aims to direct more oil, condensate to domestic market: NIORDC

6 hours ago DieselGasoil Comments Off on Iran aims to direct more oil, condensate to domestic market: NIORDC
Tehran — Iran plans to raise its current oil refining capacity by 250,000 b/d before next March, against the backdrop of strict sanctions on its crude exports from the US, the National Iranian Oil Refining and Distribution Company said Monday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now “We Read More

Asia gasoline crack jumps on RBOB surge after PES Philadelphia refinery blast

17 hours ago DieselGasoil Comments Off on Asia gasoline crack jumps on RBOB surge after PES Philadelphia refinery blast
Singapore — The Asian gasoline market saw an uplift Monday after news of an explosion at US Philadelphia Energy Solutions’ 335,000 b/d Pennsylvania refinery Friday sent NYMEX RBOB futures surging, which in turn bolstered the Singapore 92 RON swap crack in Asia by around 30% on Monday morning, market sources said. Not registered? Receive daily Read More

India asks scooter, bike makers to draw up plan for EVs: sources

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NEW DELHI (Reuters) – India’s federal think-tank has asked scooter and motorbike manufacturers to draw up a plan to switch to electric vehicles, days after they publicly opposed the government’s proposals saying they would disrupt the sector, two sources told Reuters. FILE PHOTO: A boy prepares to recharge his electric scooter outside his home in Read More

NYMEX RBOB rallies nearly 7 cents following PES refinery fire

3 days ago DieselGasoil Comments Off on NYMEX RBOB rallies nearly 7 cents following PES refinery fire
Highlights Philadelphia FD: PES fire ‘not under control, but contained’ Transatlantic clean tanker rates jump on import expectations Physical reaction muted as traders adopt wait and see approach New York — Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now NYMEX refined products settled at a three-week high amid supply Read More

RBOB surges following explosion at PES Philadelphia refinery

3 days ago DieselGasoil Comments Off on RBOB surges following explosion at PES Philadelphia refinery
New York — NYMEX RBOB futures rose sharply Friday following an explosion and subsequent fire overnight at Philadelphia Energy Solutions’ 335,000 b/d refinery in Pennsylvania. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now NYMEX July RBOB was up 5.88 cents at $1.8451/gal and July ULSD was 2.81 cents higher Read More

Scientists dissolve crude oil in water to study its composition

3 days ago DieselGasoil Comments Off on Scientists dissolve crude oil in water to study its composition
6/21/2019 MOSCOW — Researchers from MIPT, Skoltech, the Joint Institute for High Temperatures of the Russian Academy of Sciences, and Lomonosov Moscow State University have offered a new approach to oil composition analysis. They used high temperature and pressure to dissolve oil in water and analyze its composition. The new method is compliant with the Read More

NYMEX RBOB surges 3.7% on Philadelphia refinery fire

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London — US gasoline prices surged Friday as Philadelphia Energy Solutions’ 335,000 b/d refinery in Pennsylvania caught fire after a series of explosions. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now NYMEX RBOB was trading at 185.28 cents/gal at 1107 GMT, up 3.7% from the overnight settle. NBC-10 Philadelphia Read More