Global Refining & Petrochemicals

Public Policy
Transportation & Logistics
Margins & Economics

Shell Sells $1.4-Billion Stake In Japanese Refiner

Idemitsu Kosan Co.’s decision to acquire Royal Dutch Shell plc’s majority stake in Showa Shell Sekiyu KK and pursue a full merger may portend broader integration as Japanese refiners face declining domestic demand.

Transportation & Logistics

ARA Oil-Product Stocks Up 1.86 Million Barrels

The volume of petroleum products stored at the world’s largest oil-trading hub has reached an all-time high, demonstrating that while the market is starting to show signs of strength as demand ticks higher, the global supply overhang has some way to go before fading.

Margins & Economics
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.

Prices
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
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.