US oil price turns negative
On Monday 20 April, US oil prices turned negative for the first time in history as crude storage space filled up.
Browse the latest refining news and articles.
The API’s March 2020 Monthly Statistical Report shows a decline in US petroleum demand.
Well Resources Inc. has announced the commissioning of a 300 000 tpy Ionikylation unit at Sinopec’s Wuhan refinery, which is the world’s first commercial scale revamp from a hydrogen fluoride based alkylation process.
Rystad Energy has reported that US crude stock builds have broken records as refinery runs are forecast to fall by 3.8 million bpd.
Rodan Energy Solutions has opened a new office in New Jersey and confirmed the appointment of a new Managing Director for US Operations.
Thaioil has selected Haldor Topsoe air quality control technology for its Sriracha Refinery in Thailand.
ICIS reports that at least 6.6 million tpy of Europe’s ethylene production capacity is threatened by oil refineries running at reduced rates or ceasing production.
OPEC producers and its allies have agreed a record deal to cut oil output in light of the coronavirus pandemic.
The April issue of Hydrocarbon Engineering is now available online!
GlobalData has reported that the US will drive North America to reach a total refining capacity of 25.8 million bpd in 2024.
