Pietro D
Pitts
Hart Energy
Russia Sees Sanctions Impact on Oil Products, Eyes Crude Export Boost
Russia expects Western sanctions to have a significant impact on its oil products exports and therefore its production, but that will likely leave more crude oil to sell, a senior Russian source with detailed knowledge of the outlook told Reuters.
QatarEnergy, Chevron Reveal $6 Billion Qatar Investment
QatarEnergy and an affiliate of U.S.-based Chevron announced an FID to construct the Ras Laffan Petrochemicals Complex, a $6 billion integrated olefins and polyethylene facility in Ras Laffan Industrial City.
US Senators Introduce API-Backed Bill to Expand E15 Gasoline Sales
While it is unknown if the bill to expand nationwide sales of E15, a gasoline with a higher blend of ethanol, has the support it needs to pass both the House and Senate to become law, the backing of the oil industry has lifted a notable political obstacle.
US Crude Oil Inventories Fall as Fuel Stocks Build
The decline in U.S. crude oil inventories last week was tempered by another release of barrels from the country’s strategic petroleum reserve (SPR).
Saudi Aramco to Invest in $7 Billion Petchem Project in South Korea
"The Shaheen project will increase chemical yields while reducing operating costs, thus making it more competitive especially in a low-margin environment," a Refinitiv analyst said of Saudi Arabia's investment.
Shell Begins Operations at Polymers Plant in Pennsylvania
Shell's Pennsylvania-based polyethylene manufacturing plant will help accelerate its net-zero emissions targets while providing at least 600 jobs to the northeastern U.S. area.
US Crude Stocks Down, Refining Runs Rise: EIA
Analysts remain concerned that the ongoing draw on crude oil is still due to releases from strategic stockpiles—and that inventories of distillate products are not building enough either.
US Crude Oil Stockpiles Surge; Distillates Draw Down: EIA
U.S. refiners have been running at above-average levels for this time of year to boost inventory levels, though they pulled back on activity last week.
Mitsubishi Partners with Corpus Christi Port Authority on US Ammonia Plant
Mitsubishi and the Port of Corpus Christi Authority will look into the possibility of making low-emission ammonia, produced from natural gas but eliminating emissions by capturing and storing the emitted carbon nearby, a source said.
ConocoPhillips, JERA Propose to Develop US Hydrogen Gas Plant
Gulf Coast plant would produce hydrogen from gas and convert it to ammonia for export.