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

1 hour ago DieselGasoil Comments Off on Refinery Margin Tracker: Atlantic Coast margin rally aided by Philadelphia refinery fire
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

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

5 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

Iran’s parliament approves draft law for new oil, gas condensates refineries

20 hours ago DieselGasoil Comments Off on Iran’s parliament approves draft law for new oil, gas condensates refineries
Tehran — Iran’s parliament on Sunday ratified a draft bill allowing private investors to build new oil and gas condensates refineries in the country in a bid to neutralize the US sanctions on the country’s exports of hydrocarbons, the oil ministry’s Shana news service reported. Not registered? Receive daily email alerts, subscriber notes & personalize Read More

Transneft reports new Druzhba oil pipeline contamination discovery

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Moscow — Russian pipeline operator Transneft has said that deliveries of crude to Poland via the Druzhba pipeline were temporarily halted on Wednesday evening, when excess levels of organic chlorides were detected. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The halt comes after a similar contamination caused Poland Read More

Nigerian President Buhari reshuffles NNPC leadership

5 days ago DieselGasoil Comments Off on Nigerian President Buhari reshuffles NNPC leadership
Lagos — Nigerian President Muhammadu Buhari reshuffled the leadership of state-owned Nigerian National Petroleum Corporation on Thursday, appointing Mele Kyari as the new managing director of the country’s oil company. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Kyari, who was previously the head of NNPC’s crude oil marketing Read More

Iraqi Basrah crude prices plummet on fading Chinese demand

5 days ago DieselGasoil Comments Off on Iraqi Basrah crude prices plummet on fading Chinese demand
Singapore — Premiums for Iraq’s Basrah Heavy crude grade fell sharply this month as Chinese demand for the grade dimmed on lower refinery run rates, traders said on Thursday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now A spot tender offering 1 million barrels of Basrah Heavy crude grade Read More

Brent/Dubai spread flirts with $3/b on Asian demand pickup

5 days ago DieselGasoil Comments Off on Brent/Dubai spread flirts with $3/b on Asian demand pickup
Singapore — The Brent/Dubai EFS arbitrage spread narrowed to near $3/b in mid-morning trading hours in Asia Thursday, as an uptick in physical buying activity in the Middle East spot market kept a floor under market structure. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 11 am in Read More

Trudeau approves Trans Mountain pipeline expansion

6 days ago DieselGasoil Comments Off on Trudeau approves Trans Mountain pipeline expansion
By Theophilos Argitis, Kevin Orland and Robert Tuttle on 6/18/2019 OTTAWA and CALGARY (Bloomberg) — Prime Minister Justin Trudeau’s government decided Tuesday to proceed with the construction of a major crude oil pipeline, saying the project has met strict requirements on safety and consultation with Canadian indigenous groups. Trudeau’s cabinet approved the expansion of Trans Read More