Global Refining & Petrochemicals

Margins & Economics
Fuels & Processing

Markets In Focus: Trapped In A Sub-$60 Bear Market

Crude oil futures are grounded in a sub-$60 bear market, tumbling a second straight July 7 as concerns about Greece and China’s stock-market losses triggered an investor flight to safe havens and technical selling threatened to drive oil lower.

Margins & Economics

SABIC, SK Form JV For Polyethylene Project

Saudi Basic Industries Corp (SABIC) said on Sunday it had completed the formation of a joint venture with Korean petrochemical manufacturer SK Global Chemical Co to produce polyethylene product.

Margins & Economics
Prices
Public Policy

Braskem Sued In US For Ties To Petrobras Scandal

A Braskem SA shareholder sued the petrochemical company for securities fraud in a case tied to Petroleo Brasileiro SA (Petrobras), as litigation in the U.S. over the Brazilian energy company’s bribery scandal expands to customers.

Public Policy

EPA Strengthens UST Requirements

The U.S. Environmental Protection Agency (EPA) recently strengthened the federal underground storage tank (UST) requirements to improve prevention and detection of petroleum releases from USTs, which are one of the leading sources of groundwater contamination, according to the agency.

Fuels & Processing

SIBUR To Expand MTBE Production In Togliatti

Russian-based SIBUR recently announced that it has started the preparatory stage of an investment project to ramp up the production of methyl tertiary butyl ether (MTBE) at its production site in Togliatti.

Transportation & Logistics

Oil Inventories Hit All-Time High In Europe

The volume of crude stored at the world’s largest oil-trading hub has reached a two-year high, suggesting that while the market is starting to show signs of strength as demand ticks higher, the global surplus has some way to go before clearing.

Margins & Economics