Global Refining & Petrochemicals

Public Policy
Fuels & Processing

The Master Builder

Global diesel markets are positioned for a major stock-build in the third quarter of 2015, but with plenty of storage capacity still available, floating storage likely won’t be needed to handle the surplus, industry observers say.

Margins & Economics

Amyris Converts, Restructures Convertible Debt

Emeryville, Calif.-based Amyris Inc. recently announced that it signed definitive agreements for the conversion and restructuring of about $175 million of debt, to be converted to Amyris common stock, with an additional $5 million of debt converted into joint-venture (JV) ownership by its JV partner, Total S.A.

Transportation & Logistics
Margins & Economics

Total Beats 2Q Earnings On Refining Gains

Second-quarter 2015 profit for Total S.A. (NYSE:TOT) nearly mirrored year-ago results as higher refining and petrochemical margins helped the French oil and gas major minimize a 50% slide in crude prices.

Margins & Economics
Transportation & Logistics

Statoil 2Q Earnings Beat Forecasts

Norwegian oil and gas major Statoil ASA (NYSE: STO) posted better-than-expected second-quarter (2Q) 2015 profits on July 28, while maintaining its quarterly dividend in the current low oil-price environment.

Margins & Economics

LyondellBasell Posts Record 2Q Profits

Houston-based LyondellBasell Industries reported a record quarter, posting a second-quarter (2Q) net income of $1.3 billion, or $2.79 per share, up from $1.1 billion in 2Q 2014, the company announced.

Fuels & Processing

Markets In Focus: Manic Monday

Having fallen by 30% earlier this month and then rebounding 16% solely on the basis of government support, the Shanghai Composite has lost more than 10% in two days—pulling global stock markets down with it.

Margins & Economics