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Venezuela eyes on China and India for export opportunities. 2016-08-26

According to Eulogio Del Pino, head of state oil company PDVSA, China is the key growth market for Venezuela. The company expects to increase shipments of crude to China from 600K b/d at present to 1MM b/d "within the next few years."...

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Pass the (peace not oil) pipe. 2016-08-29

Protestors block Dakota Access line in the US state of North Dakota. Sources say environmentalist and Native American groups have halted work on Dakota Access pipeline, blocking access to a construction site near Mandan, North Dakota...

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Heavy crude OSPs are set lower in Aug. 2016-08-16

Official Selling Prices (OSPs) for select heavy grades fell in Aug., following month-to-month increases that had commenced in April. While most OSPs were set marginally lower, Iraq's Basra Heavy sharply dropped...

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New Products

Integration of Delayed Coker and Hydrocracker

In order to reduce fuel oil, natural gas, and fuel gas consumption along with a reduction in CO2 emissions, some refiners are...Read more

Futures prices

Prices below are settled prices at the end of yesterday or last trading day

Popular Articles:

Venezuela's output: a diving event. 2016-08-23

Help wanted: Canadian oil pipelines. 2016-08-22

Iraq plans to ramp up exports in Sept. 2016-08-19

Feds, environmental groups appeal fracking decision. 2016-08-26

ND output slips toward 1MM b/d, B/E price as low as $16/bbl. 2016-08-25

EPA advisor takes agency to task for fracking report. 2016-08-24

US coking margins inch up on Gulf Coast; jump in Midcon. 2016-08-16

Coking and cracking margins climbed in June on the Gulf Coast and in the Midcontinent, but to different degrees. After dropping in May...

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White papers

Increased blending is both a blessing and a curse. Part 2

As discussed in Part 1 of this paper published earlier, declining crude prices encourage more spot purchases...

Market Insights

Vicious Cycle

Crude market rout since in mid-2014 because of excessive supply has come to a full cycle. Simply put it, abundant supply → lowering prices → better refining margins → increasing throughput → driving up crude prices, fuel in oversupply → reducing refining profits →...Read more

Trends and Statistics

Tight oil and gas reserves and production for Europe, Africa, & Asia.

As shown in Table 1c, the recoverable resources and current production of tight oil and shale gas in the......Read more


Unit revamps
  • Gazprom Neft completes modernization of AR deep conversion complex. The Russian firm has announced that it has completed a RUB 6B ...More
  • L&T Oman wins EPC contract for Sohar coke facility. Larsen & Toubro Oman has announced that ...More
  • KBR to license ROSE technology to Shell refinery. Royal Dutch Shell will license a ROSE® ...more

New Products
  • Baker Hughes' TOLAD™ cold-flow additives enhance the low-temperature handling properties of biofuels, petroleum fuels, residual oils, and crude oils. For more information, visit here

  • Maxxam Analytics' offers services to predict and measure viscosity of crude oil blends. For more information, visit here

  • XPLORER-NS analyzer by TE Instruments can measure simultaneously total sulfur and total nitrogen of refinery feedstock ranging from low ppb's to high ppm's, yet the analyzer is the smallest in today's market. For more information, visit here

  • Exova's expertise in oil pipeline corrosion testing helps operators identify variables ahead of the problems, e.g. construction materials, operating conditions, designs, fabrication, and of course, and crude sour levels. For more information, visit here

  • Near infrared spectroscopy by Insight Analytical determine composition, physical properties of crudes and NG condensates for upstream production, trains, trucks, pipelines, blending terminals, and refineries. For more information, visit here