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Philadelphia Energy Solutions to permanently shut refinery: Philadelphia mayor

35 mins ago DieselGasoil Comments Off on Philadelphia Energy Solutions to permanently shut refinery: Philadelphia mayor
Refined products markets on both sides of the Atlantic were roiled Wednesday following news that Philadelphia Energy Solutions plans to permanently close its fire-damaged 335,000 b/d refinery. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The mayor of Philadelphia, Jim Kenney, announced Wednesday morning that PES would permanently the Read More

European gasoline market strengthens on report Philadelphia refinery to close

3 hours ago DieselGasoil Comments Off on European gasoline market strengthens on report Philadelphia refinery to close
London — European gasoline and naphtha markets rallied Wednesday following a news report that Philadelphia Energy Solutions planned to permanently close its fire-damaged 335,000 b/d Philadelphia refinery, potentially stripping 153,980 b/d of gasoline from the market. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Philadelphia Energy Solutions was not Read More

Philadelphia refinery fire extinguished; alkylation unit destroyed: sources

2 days ago DieselGasoil Comments Off on Philadelphia refinery fire extinguished; alkylation unit destroyed: sources
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

Wood continues growth in Norway with two new Equinor contracts

2 days ago DieselGasoil Comments Off on Wood continues growth in Norway with two new Equinor contracts
6/24/2019 BOSTON — Wood has secured two new contracts from Equinor for onshore and offshore facilities in Norway. The contracts continue Wood’s successful track record of delivering engineering and technical services to Equinor — both in-country and globally — for more than two decades. In the first of the new contracts, Wood will deliver FEED Read More

Asian sweet crude market weakens for August cycle on poor margins

5 days ago DieselGasoil Comments Off on Asian sweet crude market weakens for August cycle on poor margins
Singapore — Traded differentials for Asian sweet crude grades fell across the board for the August trading cycle, weighed down by greater supply this month and weak demand as refiners cut run rates amid poor refining margins, trade sources said Friday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Read More

US-Iran rhetoric keeps sour crude structure afloat

6 days ago DieselGasoil Comments Off on US-Iran rhetoric keeps sour crude structure afloat
Singapore — The Middle East sour crude complex was steady to a touch firmer in mid-morning trading hours in Asia on Friday, as continuing statements from the US attributing recent attacks in the Persian Gulf to Iran kept a floor under prices. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Read More

Analysis: Persian Gulf tensions offer South Korea the chance to clear surplus naphtha barrels

1 week ago DieselGasoil Comments Off on Analysis: Persian Gulf tensions offer South Korea the chance to clear surplus naphtha barrels
Highlights South Korea’s naphtha stockpiles reach 2019 peak in April Ethylene producers keen to absorb domestic naphtha stockpiles Taiwan’s CPC Corp. seeks replacement naphtha after tanker fire Logistics jitters in Persian Gulf waters following the latest tanker fire incident could provide South Korea with a golden opportunity to offload its growing naphtha stockpiles as regional Read More

G20 ministers stress need for stronger energy security after oil tanker attacks

1 week ago DieselGasoil Comments Off on G20 ministers stress need for stronger energy security after oil tanker attacks
Karuizawa, Japan — The major escalation in risks to oil and gas shipments through the Strait of Hormuz dominated talks between ministers on the sidelines of the G20 energy meeting in Japan over the weekend, prompting the group to commit to finding ways to increase energy security for producing and consuming nations. Not registered? Receive Read More

Taiwan’s CPC says it has sufficient naphtha, gasoline stocks after tanker fire

1 week ago DieselGasoil Comments Off on Taiwan’s CPC says it has sufficient naphtha, gasoline stocks after tanker fire
Singapore — Taiwan’s state-owned CPC Corp. says it has sufficient buffer stocks of naphtha and gasoline after a tanker carrying its naphtha cargo caught fire near the Gulf of Oman last Thursday in a suspected attack. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The company in a statement Read More