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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

ExxonMobil puts Norwegian business up for sale

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London — ExxonMobil is looking at a possible sale of its remaining Norwegian upstream business, comprising minority stakes in 20 producing fields plus numerous license areas, it said Monday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now A sale would shake out a sizable share of Norwegian production even Read More

Wood continues growth in Norway with two new Equinor contracts

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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

Analysis: Southeast Asia contributing heavily to ample US-Asia crude flows in 2019

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Singapore — Southeast Asia will likely continue to play a pivotal role in support of ample US-Asia crude oil trades in the second half of 2019 despite China’s faltering appetite for US energy products, with Vietnam aiming to procure two more WTI crude cargoes over the coming quarters. Not registered? Receive daily email alerts, subscriber Read More

Vietnam’s Dung Quat refinery to receive second, third US crude cargo in Oct, Dec

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Singapore — Vietnam’s 148,000 b/d Dung Quat refinery will receive its second cargo of US crude oil consisting of 1 million barrels of WTI Midland crude in October, refinery operator Binh Son Refining and Petrochemical, or BSR, said in a statement on Friday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Read More

Thailand’s IRPC to start selling 0.5% sulfur fuel oil cargo from July

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Singapore — Thailand’s oil and petrochemical company IRPC Public Co. Ltd. plans to start selling low sulfur fuel oil cargo with maximum sulfur of 0.5% from its Rayong refinery from next month, company sources said Monday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now This move is in line Read More

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

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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

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

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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

NYMEX RBOB rallies nearly 7 cents following PES refinery fire

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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