Diesel Fuel

Transportation
Transportation

Seaborne Refined Product Exports Surge

From 2011 to 2013, U.S. refined product exports rose by 18% to 1.3 billion barrels.The increase has continued into 2015, and industry experts agree that U.S. product exports will continue to rise in the foreseeable future.

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This Week in Refining: Bad News Bear Market

U.S. oil prices remained in bearish territory July 24, settling with a weekly loss of more than 5% with ongoing concerns over global oil supplies, a rise in domestic oil drilling rigs and China-demand worries.

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Distillate Markets

Total Weighs Selling 50% Stake In Texas Refinery

France’s Total S.A. (NYSE: TOT) is looking to sell a 50% stake in its 224,000 barrel-per-day (bbl/d) Port Arthur, Texas plant—its sole U.S. refinery—and has retained investment bank Lazard to advise on the deal, according to a July 24 Reuters report citing an unnamed source.

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