REFINING UNDER PRESSURE Reliance's revenue from refining and marketing rose, but earnings before interest and taxes fell 15% as refining margins declined.
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Western Refining unitholders will receive 0.5233 Andeavor Logistics units for each Western Refining unit.
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"Refining is in the midst of another extended aberration," said Richard de Caux, BP's head of refining.
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Refining runs increased sharply, particularly on the U.S. Gulf Coast, the main refining hub in the United States.
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Revenue from refining and marketing rose, but earnings before interest and taxes fell 27% as refining margins declined.
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While product refining margins come under pressure, strong overseas demand is expected to support Gulf Coast refining profits.
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While product refining margins come under pressure, strong overseas demand are expected to support Gulf Coast refining profits.
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Reliance's revenue from refining and marketing rose, but earnings before interest and taxes fell 15% as refining margins declined.
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Income from the refining and marketing segment, known as downstream, weakened due to lower refining margins and plant availability.
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OIL REFINING The company produces, refines and exports oil from Saudi Arabia, but has refining operations across the globe.
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"The global refining industry is facing a challenging 2019 ... If average crude prices continue moving higher for the third consecutive year, refining margins may decline to levels that force slowdown in some refining regions," the IEA said.
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Woods, who previously ran Exxon's refining unit, defended the company's integrated business model, which twins oil exploration and production with refining.
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Refining operations buoyed integrated energy firms as upstream production revenue has fallen, but refining margins have begun to normalize this year.
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But on the flip side, you get better margins on the downstream side on the refining side, so petrochemicals and refining.
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Several refiners, including Total's Leuna in Germany, had to temporarily suspend refining of Russian oil because of fears of damaging refining equipment.
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The deal values each Western Refining unit at $25.28, representing a premium of 6.4 percent to Western Refining Logistics' Friday closing price.
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According to Rystad, the biggest US importers of Venezuelan crude last year were Valero (VLO), Chevron (CVX), Paulsboro Refining and Houston Refining.
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Katsuyuki Ota, JXTG Holdings Senior Vice President, said oil refining margins have remained at their highest levels in seven years, reflecting lower crude refining capacity to comply with the government's second round of directives on increasing the competitiveness of refining units.
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Goldman points to upside value from its just-completed acquisition of Western Refining as well as underappreciated value in Tesoro's non-refining segments.
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Lipinski, who is also the CEO of CVR Refining LP, will be succeeded by former Western Refining Co executive David Lamp, CVR said.
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Last year, the biggest US importers of Venezuelan crude were Valero (VLO), Chevron (CVX), Paulsboro Refining and Houston Refining, according to Rystad Energy.
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Bobby had been writing and rewriting and refining and re-refining the manuscript of his début collection for more than eight years now.
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Refining: At least 4.3 million barrels per day of refining capacity, over 20% of U.S. capacity, are offline in Texas and Louisiana, per Reuters.
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New Zealand Refining Company added 4.1 percent after it said its gross refining margin for the November/December period was US$10.82 a barrel.
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S&P Global Platts continues to track roughly 2202-2628 million barrels a day (b/d) of offline refining capacity in Texas, accounting for up to 28500 percent of total U.S. refining capacity and nearly half of the refining capacity along the U.S. Gulf Coast.
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The dollar scarcity has also forced Dangote to cut down other food businesses such as flour milling, sugar refining and vegetable oil refining, Devakumar said.
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The unit price for CVR Refining, a master limited partnership that manages CVR Energy's refining assets, has run up even more on a percentage basis.
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Both U.S. oil majors reported increased production, but cited lower refining and chemicals margins, and Exxon posted the first loss in its refining business since 22.
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ADNOC Refining, an ADNOC subsidiary, produces up to 500,000 metric tonnes per year of the Group III base oil, at its Ruwais refining and petrochemicals complex.
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Refining-Petrochemical Capex Near Completion: RIL plans to complete the capex in the refining and petrochemical business by 1HFY18, with the majority being completed during FY7503.
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The sale comes amid a glut of global refining capacity that has helped to push down refining fees for many precious metals refiners in recent years.
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The company's earnings from trading and refining were up 10 percent, as the fall in oil prices has inflated refining margins, creating a windfall for refiners.
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The city is now the country's biggest refining center with more 32 refineries and total annual refining capacity of 69 million tonnes, or about 1.38 million bpd.
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While my heart and much of my experience has been with the refining industry, today is just not a good day to be long in refining stocks.
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"With product demand and refining margins this strong, the world needs more refining capacity not less," said Nevyn Nah, oil products analyst at Energy Aspects in Singapore.
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"BP's reduction in shareholding does not affect the existing contractual arrangements between Refining NZ and BP, including the processing agreement," New Zealand Refining said in a statement.
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The Norwegian company has less exposure to refining than some oil majors, so has not benefited as much from rising refining margins as the oil price tumbled.
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Exxon posted the first loss in its refining business since 2000, citing the worst refining margins on gasoline and other profits it had seen in a decade.
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In November, CVR Energy Inc said it may buy out the public holders of its refining unit, CVR Refining GP, which operates refineries in Kansas and Oklahoma.
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The U.S. refining unit of Saudi Aramco remains committed to "investigating opportunities to return to a refining scale of 1 million to 1.5 million barrels per day, (but) we do not expect to achieve this increased refining scale through the Port Arthur Refinery," company spokeswoman Angela Goodwin told Reuters.
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OIL REFINING To diversify its oil business, Aramco is expanding in refining and petrochemicals with the aim of almost tripling its chemicals production to 34 million tonnes per year by 2030 and raising its global refining capacity to 8-10 million bpd from more than 0003 million bpd.
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Aside from its vertically-integrated state-owned oil majors, China also has a sizable independent refining sector, which accounts for more than a quarter of total refining capacity.
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Reliance, controlled by Asia's richest man, Mukesh Ambani, is India's biggest refining and petrochemicals company and runs a 1.4 million bpd refining complex at Jamnagar in western India.
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The global refining industry needs to process an extra 2.5 million bpd of crude to make distillates for cleaner fuel, says Robert Herman, refining executive at Phillips 66.
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Srikanth said the outlook in refining was stable but did not say whether the company would go back to the days of double digit gross refining margins in future.
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REFINING REFINING Dutch asset manager Robeco is also focusing on fuel, but it's investing in oil refineries that are well-placed to produce large quantities of low-sulphur diesel.
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The full impact of the refining outages, which began last week when Harvey slammed into Corpus Christi, Texas, and is now affecting Louisiana's refining center, remained uncertain, analysts said.
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Plastics, chemicals and refining company LyondellBasell was preparing for heavy rainfall at five regional plants, including a Houston refinery capable of refining 268,500 barrels a day, according to Reuters.
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GRAPHIC: Map of China's refining & petrochemical facilities - tmsnrt.
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Western Refining Inc agreed to a $200 million minimum liquidity covenant in 2008, shortly after an ill-timed acquisition as the U.S. refining sector grappled with soaring crude oil prices.
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The company's refining margin shrank 7.4% to $11.37 per barrel due to a shortage of low-cost heavy crude, but beat Credit Suisse estimates for pretax refining income by 8.5%.
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In oil refining and petrochemicals, ADNOC will consider opportunities for investing in CNOOC's existing refineries, and potential collaborations in new integrated refining and petrochemical assets in China, the statement said.
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Phillips 66's refining earnings fell 82.4 percent to $177 million in the third quarter and refining margins fell to $7.23 per barrel from $13.96 per barrel, a year earlier.
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The company is facing rising pressures from an inability to finance exploration and refining operations, contributing to a lack of spare parts for its oil and gas and refining operations.
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KEY RATING DRIVERS Robust Refining and Petrochemical Operations: RIL's refining and petrochemical operations are supported by their large scale, asset quality and the company's leading position in the two segments.
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Mike Wirth, who became Chevron's chief executive earlier this year, formerly ran the company's refining arm and is widely seen by Wall Street as an advocate for expanding refining operations.
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Total does not plan to add crude oil refining capacity at the Port Arthur refinery, focusing instead on petrochemical expansion, said Bernard Pinatel, president of refining and chemicals for Total.
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Decreased refining capacity in the region, as other plants have shuttered or cut operations, may allow Irving to operate the refinery more profitably in the long-run, according to refining experts.
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The company, which has a smaller refining business than rivals, fared slightly better than BP, Exxon Mobil , and Chevron which saw sharp declines in profits partly due to lower refining margins.
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The Gulf Coast is home to nearly half the U.S. refining capacity, and nearly 2.7 million barrels per day, or nearly 15 percent of U.S. refining capacity, is already shut off.
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The company, which has a smaller refining business than rivals, fared slightly better than BP, Exxon Mobil, and Chevron which saw sharp declines in profits partly due to lower refining margins.
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Refining stocks have this year outperformed the exploration and production sector and the S&P 500 Oil & Gas Refining and Marketing sub index last week hit its highest since December 2015.
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"The project is in line with our strategy to develop petrochemicals at our major integrated (refining) complexes and leverage competitively priced feedstocks," said Bernard Pinatel, Total's President for Refining and Chemicals.
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"This avoids some of the worst case scenario in the Amsterdam-Rotterdam-Antwerp refining hub but (maintenance) work is still significant in the autumn," Campbell said, which will support refining margins then.
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Petrobras Refining Director Jorge Celestino said the increase in fuel imports by other companies in Brazil in September and October forced the oil company to reduce the use of its refining structure.
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Refining margins in 21 will stay healthy as global incremental oil demand will outpace new refining capacity additions during the year, S-Oil, the country's third-largest refiner, said in the statement.
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Finally, Washington should consider designating the Abadan Refining Company for selling jet fuel to the aircraft involved in the airlifts and its parent company, the National Iran Oil Refining and Distribution Company.
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Instead, with gasoline demand strong so far this year, the counter-seasonal rise in inventories was likely due to an excess of refining capacity and strong refining margins up to this U.S. summer.
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Didier Casimiro, Rosneft's vice president for refining, petrochemicals, commerce and logistics said the agreement would be the basis of a strategic partnership between Pertamina and Rosneft, covering exploration and production, refining and technology.
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Global refining is considered to be running at its maximum when capacity utilization is 22020 percent, the highest level reached in the modern era, BP's head of refining economics Richard de Caux said.
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Global refining is considered to be running at its maximum when capacity utilisation is 22020 percent, the highest level reached in the modern era, BP's head of refining economics Richard de Caux said.
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Saudi Aramco plans to raise refining capacity to 8-10 million barrels per day (bpd) from around 13 million now, to be closer to its key markets and expand its global refining footprint.
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LONDON, Dec 6 (Reuters) - Petroleo Brasileiro SA has completed a feasibility study with China's CNPC over refining operations in Rio de Janeiro, its refining and natural gas chief Anelise Lara said on Friday.
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The biggest losers included New Zealand Refining down 3.1 percent.
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Instead, the company is refining Edge, to benefit multiple constituencies.
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The S&P 500 oil & gas refining & marketing sub-index .
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Unlike the Gulf Coast, California has not increased refining capacity.
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They do not offer a Golden Caviar Pore Refining Facial.
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So a lot of what's gone on is refining, really.
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NEW YORK (Reuters) - Carl Icahn's refining company CVR Energy (CVI.
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Other times they're out tweaking and refining what's already available.
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The healthy refining conditions are visible in stock market performance.
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Police closed roadways surrounding the refining complex, the spokeswoman added.
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Icahn said refining company Valero was part of the negotiations.
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We don't have enough refining capacity worldwide to handle it.
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Similar operational problems plague PDVSA's oil drilling and refining operations.
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We need to add downstream processing, so that's smelting, refining.
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The former Army captain has been refining his diet, too.
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"Refining margins are looking very shaky," a European trader said.
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The first two experiments were focused on refining the methodology.
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HollyFrontier's refining margins rose 2 percent to $193 per barrel.
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HollyFrontier's refining margins fell 73 percent to $7.23 per barrel.
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Pemex has a total refining capacity of 1.576 million bpd.
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HOUSTON (Reuters) - Weak refining margins hurt Exxon Mobil Corp (XOM.
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But they're not digging in the ground or refining ore.
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U.S. refining capacity was 18.8 million bpd as of Jan.
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But ideally, that means refining it, not just repeating it.
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Vacuum distillation is an integral part of the refining process.
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Lately, she has been refining a recipe for watercress soup.
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Her father, the poet, keeps qualifying and refining his descriptions.
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The fuel inventories dropped despite a rise in refining output.
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Skellerup fell 5.49 percent while NZ Refining lost 4.41 percent.
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They were, however, supported by relatively strong diesel refining margins.
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CVR Refining is a limited partnership controlled by CVR Energy.
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Earning potential for U.S. workers operating refining equipment was suspended.
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Unipetrol is also benefiting from stronger refining and petrochemical margins.
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Chevron reported its refining and chemical profits fell 21 percent.
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U.S. refining capacity was 163 million bpd as of Jan.
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Also, margins for refining and chemical production have been shrinking.
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But the slowdown in refining and output should be temporary.
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Exxon Mobil will continue its downstream refining operations in Norway.
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Andeavor is one of the nation's largest oil refining companies.
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Alito was referring to two 1935 cases, Panama Refining v.
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ADNOC plans to expand refining and petrochemical operations at Ruwais by adding a third refinery to boost capacity by 600,000 barrels per day (bpd) by 2025, lifting total refining potential to 1.5 million bpd.
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Last month, South Korea's third-largest refiner S-Oil Corp also said 2016 refining margins are seen to stay healthy, as Asian refiners benefit from growing oil demand that outpaces increases in refining capacity.
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One refining official based in Seoul said their plant primarily runs high-sulphur crude oil so they take the fuel oil produced after initial refining and remove the sulphur through a residue desulphurization process.
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Harvey, now barreling toward the nation's refining hub, would be the first hurricane since 22 to make landfall in Texas, where one-third of U.S. refining capacity lies in its potential but unpredictable track.
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"I think it's a little bit for show to make it seem like the refining market is being opened up," said Alberto Barriga, a former refining executive at Petrobras and a partner at consultancy Bizup.
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MEXICO CITY (Reuters) - Refining company Phillips 66 was awarded a tender to supply Mexico's Pemex with at least four 5203,000-barrel cargoes of U.S. Bakken crude for November delivery, the refining company said on Monday.
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On an adjusted basis, earnings from the company's refining business, its biggest, rose 75 percent to $1.663 million while realized refining margins rose to $13.36 per barrel compared with $10.49 per barrel, a year earlier.
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"Increased crude prices resulted in higher feedstock costs, negatively impacting the indicator refining margin," the group said in a statement, adding that it expects the refining indicator to be about $5 a barrel this year.
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BP said in February it would leave the main U.S. refining lobby group, the American Fuel & Petrochemical Manufacturers (AFPM), a leading U.S. refining lobby, and two other trade groups due to disagreements over climate policies.
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But Scalia played a pivotal intellectual role in refining the concept.
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The center of sugar cultivation and refining was the West Indies.
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The macro refining circumstances have changed since our 2016 bullish outlook.
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Exxon posted its first loss in its refining business since 2009.
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These contaminants can form during the refining process of edible oils.
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These contaminants can form during the refining process of edible oils.
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Police had closed roadways surrounding the refining complex, the spokeswoman added.
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"He's spent the last 25 years refining underwater videography," Bock said.
|
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The two firms control about 28 percent of Japan's refining market.
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|
If the deal closes, this would be Glencore's first refining asset.
|
|
Downstream earnings were down $681 million, due to weaker refining margins.
|
|
Most refining operations in the area are expected to remain running.
|
|
The biggest gainer was New Zealand Refining, which rose 2.55 percent.
|
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Rothemund and his colleagues have been refining this technique ever since.
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Crude oil is the raw material for refining fuels like gasoline.
|
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The rise in profits was driven mostly by refining and chemicals.
|
|
Instead, he's about refining and improving the keyboards we currently have.
|
|
The scientists are refining their system to account for these issues.
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The Gulf is home to nearly half of U.S. refining capacity.
|
|
Refining capacity utilization rose to 94.1 percent, highest since November 2015.
|
|
Downstream operations in the oil industry include refining, sales and shipping.
|
|
But its main customer, the refining subsidiary of Delta Airlines Inc.
|
|
Refiners have said product exports are supporting the high refining rates.
|
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As developers solve more challenges, the service starts refining the score.
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N said on Thursday it would buy Western Refining Inc WNR.
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If there is, think about refining your diet or using supplements.
|
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Use their force for all "re" activities: Reviewing, refreshing, refining, reconnecting.
|
|
Before taking the helm at Exxon, Woods ran Exxon's refining operations.
|
|
Analysts say any serious refining outages could send gasoline prices spiking.
|
|
Import costs of concentrates are linked to treatment and refining charges.
|
|
It's identifying edge cases and refining how the cars handle them.
|
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H20+ Beauty Aquadefense Refining Matcha Mask, $32.30, available at H2O Plus.
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Motiva is the U.S. refining and marketing unit of Saudi Aramco.
|
|
European gasoline refining margins dropped by nearly a fifth on Monday.
|
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Choose from masks like Rose (moisturizing, brightening) and Pineapple (pore-refining).
|
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India has an installed copper refining capacity of 1 million tonnes.
|
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He leaned in, inches from the surface, refining edges and details.
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Icahn is the majority owner of CVR Energy, a refining company.
|
|
It will boost the country's refining capacity by 20193-22019 percent.
|
|
Oil refiner New Zealand Refining remained under pressure, down 1.9 percent.
|
|
Half of XOP's top 10 holdings are in the refining business.
|
|
That means fuel, made by refining crude oil, is cheap, too.
|
|
Refining companies that buy the credits have complained about volatile prices.
|
|
The refining industry was similarly affected during Hurricane Katrina in 2005.
|
|
Three in Switzerland - the biggest refining centre - suspended production this week.
|
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Still, refining in Brazil has been a Petrobras monopoly for decades.
|
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"The global refining industry is ready to meet demand" for IMO.
|
|
Reformers convert refining byproducts into octane-boosting components blended into gasoline.
|
|
Still, refining in Brazil has been a Petrobras monopoly for decades.
|
|
Refining rates fell as U.S. refiners reduce activity for seasonal maintenance.
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"Refining our prescription drug dating process could save billions," he says.
|
|
Goldman Sachs says 23 percent of U.S. refining capacity is shut.
|
|
History tells us Apple tends to lead by refining existing functions.
|
|
Some in the refining industry also were unhappy with the rule.
|
|
So manufacturers are generating multiple value streams from this refining process.
|
|
It also has a large and modern global oil refining network.
|
|
Pollution from drilling, producing, and refining petroleum may have grisly implications.
|
|
Since then he has stopped and started while refining the product.
|
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The crack, or refining profit, for gasoil, the refining term for diesel, in Singapore dropped 29 percent last year to end at $11.26 a barrel, and has continued downwards this year, closing at $9.40 on Thursday.
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|
In addition to hiring Lever as president, Limetree Bay is looking to fill positions including senior vice president of refining, vice president of refining operations, and heads of coker operations and maintenance, according to its website.
|
|
Refining executives warned the reforms would have significant consequences for the U.S. refining industry that imports around 40 percent of its daily crude oil needs, and the consumer was most likely the one to get hit.
|
|
REFINING AND TRADING: In 2019, Italy's Eni and Austria's OMV agreed to pay a combined $5.8 billion to take a stake in ADNOC's refining business and establish a new trading operation owned by the three partners.
|
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Asia's benchmark Singapore refining margins DUB-SIN-REF, or profits on refining a barrel of Dubai crude oil into products, were at -$0.80 per barrel on Friday after hitting the lowest since 2008 on Nov. 22.
|
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"They were the pioneers of refining in the Asia Pacific (but) that has been slowly overtaken by the giants of China and India," said Suresh Sivanandam, senior manager, refining research Asia Pacific, at Wood Mackenzie in Singapore.
|
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"For the love of God, refining does not need to be a Petrobras monopoly," he said, adding that the state-controlled company could sell some refining assets and others could be encouraged to invest in new plants.
|
|
Earnings at Exxon's refining division, to which the company owed much of its financial stability in recent years, fell 40 percent to $1.2 billion, harmed by many of the same industry factors that dented Chevron's refining arm.
|
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LONDON (Reuters) - Benchmark European gasoline refining margins spiked nearly 9 percent on Tuesday to their highest since April after more than 2 million barrels per day (bpd) of U.S. refining capacity was knocked offline by Hurricane Harvey.
|
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LONDON (Reuters) - India's Reliance, operator of the world's biggest refining complex, and top oil exporter Saudi Arabia will explore joint investments in refining and petrochemicals in the two countries, Saudi Arabian Energy Minister Khalid al-Falih said.
|
|
Sources at Singapore Refining Company (SRC) said they were sending spare cargoes to the United States, and a source from a Thai refiner said its plant is maximizing output in response to the jump in refining margins.
|
|
Sources at Singapore Refining Company (SRC) said they were sending spare cargoes to the United States, and a source from a Thai refiner said its plant is maximising output in response to the jump in refining margins.
|
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Its refining margin was also volatile during the quarter, the company said.
|
|
Microsoft, though, may want to do some more work refining these icons.
|
|
That was partially offset by weaker profit margins in Exxon's refining business.
|
|
Irma could pinch demand recovery more than refining capacity, Goldman Sachs said.
|
|
"There's no refining capacity in the world outside of China," said Litinsky.
|
|
He has invested huge sums to modernise the petrochemicals and refining business.
|
|
"Just keep refining everything, making sure his stuff is crisp," Hale said.
|
|
That includes the result of generations of product design and app refining.
|
|
Oil majors' refining businesses have come under pressure as crude prices rebound.
|
|
With today's update, N26 is mostly refining the design of the interface.
|
|
On land, the Gulf Coast serves as a major U.S. refining hub.
|
|
Traders say the situation is now steadying as refining margins have improved.
|
|
For now, the evolution is more about refining the personalized AI experience.
|
|
Switzerland, the world's gold refining hub, came third with $22018 billion worth.
|
|
That could limit the movement of tankers to and from refining areas.
|
|
The U.S. refining industry cannot consume all of the projected oil production.
|
|
He was elected as president of Exxon Mobil Refining & Supply in 2012.
|
|
Each phase one winner gets $20,000 each to continue refining its design.
|
|
Auckland Airport fell 1.09 percent and New Zealand Refining lost 1.54 percent.
|
|
Icahn owns a majority stake in oil refining company CVR Energy Inc.
|
|
The refinery will be Chennai-based Accord's first foray into oil refining.
|
|
Legal fights can be a deterrent for potential buyers in refining transactions.
|
|
Almost half of the U.S. refining capacity is in the Gulf region.
|
|
Hankook will spend 2017 refining it, including stabilising its balance while walking.
|
|
Together, they account for about 2325 percent of the nation's refining capacity.
|
|
New Zealand Refining Company added 1.4%, while Z Energy Ltd gained 2.1%.
|
|
New Zealand Refining Company added 1%, while Z Energy Ltd gained 1.5%.
|
|
U.S. distillate and gasoline inventories rose, however, even as refining activity fell.
|
|
In Sweden, winemakers are looking to build business by refining the wine.
|
|
Andeavor –The pipeline and refining company will be bought by Marathon Petroleum.
|
|
The oil refining industry has promised to sue to block the move.
|
|
Reliance Industries, which owns the world's largest refining complex, said on Oct.
|
|
We are continually refining these detections based on changes in spammy activity.
|
|
The firm's name switched to the Rock Island Oil and Refining Co.
|
|
As the gap closes, Trump appears to be refining his economic message.
|
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We're continually refining these algorithms and appreciate hearing from users and webmasters.
|
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The reformer converts refining byproducts into octane-boosting components blended with gasoline.
|
|
Mexico's refining network can process up to 1.6 million bpd of crude.
|
|
You keep refining and you keep improving, and you keep working hard.
|
|
Rosneft also plans to double Vadinar's refining capacity and build petrochemical facilities.
|
|
Nigeria currently has a refining capacity of 445,000 barrels per day (bpd).
|
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Start updating and refining your resume in case you lose your job.
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MALAYSIA SAYS FIVE DEAD IN FIRE AT PENGERANG REFINING AND PETROCHEMICALS COMPLEX
|
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Those agencies are constantly refining those calculations, but they inevitably have shortcomings.
|
|
Alkylation units convert refining byproducts into octane-boosting components blended into gasoline.
|
|
I certainly learn a lot through the process of refining these puzzles.
|
|
But every year, there are two chances to continue refining the infrastructure.
|
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At some stage, the refining overcapacity will have an effect on crude.
|
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Nearly half of U.S. refining capacity is centered in the Gulf region.
|
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Rosneft is the third biggest player in the German oil refining market.
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He is also Rosneft's vice president for refining, petrochemicals, commerce and logistics.
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Organic chloride in crude oil can cause corrosion and destroy refining units.
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The Gulf of Mexico is home to half of U.S. refining capacity.
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Another 4 percent of U.S. refining capacity is located in the city.
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That span of coastline accounts for 32 percent of U.S. refining capacity.
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A SOCAR spokesman said full refining capacity would be reached next year.
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Even with obsolete extraction and refining technology, it's bursting with black gold.
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Distinguished news brands will be rolling out and refining paywalls as well.
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Rival Imperial Oil Ltd's refining margins also fell in the fourth quarter.
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The firm projects a quickening pace of normal refining through the weekend.
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The Pascagoula plant accounts for about 2 percent of U.S. refining capacity.
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Reasons varied, but included weaker refining profits and spending on capital expenses.
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On the other side of the refining equation, gasoline posted its biggest weekly inventory drawdown since April 2011, with a 6.6 million-barrel drop, owing to strong nationwide demand and reduced refining output on the U.S. East Coast.
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OMV said that it would pay around $2.5 billion, while Eni said it would pay around $3.3 billion, giving ADNOC Refining, which has a total refining capacity of 922,000 barrels per day, an enterprise value of $19.3 billion.
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On the other side of the refining equation, gasoline posted its biggest weekly inventory drawdown since April 2011, with a 6.6 million-barrel drop, owing to strong nationwide demand and reduced refining output on the U.S. east coast.
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"In 2012 - 2014 Brent averaged $106 per barrel... and refining margins $3 per barrel... In 2016 - 2018 consensus expects average Brent of $56 per barrel... and $3 per barrel refining margins," researchers at AB Bernstein said this month.
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LONDON, March 14 (Reuters) - * Royal Dutch Shell saw a year-on-year fall in refining and petrochemical margins across key refining regions of Europe, Singapore and the United States, the oil major said in its 2018 annual report.
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The restart would provide U.S. end-users of cobalt, a key ingredient in rechargeable batteries for electric vehicles (EVs), with a refining base nearer to home than China, where most of the world's cobalt refining capacity is located.
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Weekly refining inputs in the U.S. Gulf, a measure of production in the key refining hub of the United States, rebounded from record lows hit in the wake of Harvey, but still remains far below more typical levels.
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Anton Rubtsov, in charge of oil and gas refining department at the ministry, also said he expected the oil refining volumes in Russia to decline this year due to the suspension of the Antipinsky plant, TASS news agency reported.
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In the downstream segment, Total said its European refining margin indicator rose sharply to $48.2 per ton compared with $41.4 a year before, due to strong demand for products after Hurricane Harvey led to numerous shutdowns of refining capacity.
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LONDON, Aug 29 (Reuters) - Benchmark European gasoline refining margins spiked nearly 9 percent on Tuesday to their highest since April after more than 2 million barrels per day (bpd) of U.S. refining capacity was knocked offline by Hurricane Harvey.
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SINGAPORE/BEIJING (Reuters) - China is set to further expand its massive oil refining capacity this year, offering support to global oil prices, and U.S. producers in particular, but its plans spell more gloom for Asia's hard-hit refining industry.
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About 0.33 percent of the U.S. refining capacity was still off line this week after Harvey dumped unprecedented amounts of rain on the heart of America's refining center on the Gulf Coast in late August, according to IHS Markit.
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Here are the key second-quarter metrics: Higher contributions from downstream (the refining of petroleum crude oil) driven by improved operational performance and stronger chemicals and refining industry conditions were one of the main reasons for the firm's performance.
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Cinema can act a means of refining work stemming from another visual medium.
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U.S. Valero Energy halted Aruba refining operations in 2012 due to low profit.
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The Gulf Coast is home to about half of United States's refining capacity.
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This Mercury retrograde has you refining your beliefs and remembering older lessons learned.
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Suffering and trials were refining me, it was not going to define me.
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Marathon's results were driven by strong performances in its refining and transportation units.
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Grim is the product of over a decade of refining a design process.
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That compared to an industry median of 22017 in oil and gas refining.
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It was eventually forced to close refining operations at the facility last year.
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Reformers convert low-octane refining by-products into high octane components of gasoline.
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And 2019 was no different as they continued refining the fintech business model.
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That means developing and refining reasonable, predictable and fair tax and regulatory systems.
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The average refining margins around the world are $5 to $7, he said.
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Its refining margin had also been volatile during the quarter, the company said.
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Tonally, Damn is Lamar's definitive album, refining his craft down to its quintessence.
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Refining it and making it more sensitive is now a matter of detail.
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Results were helped by cost cutting, though refining margins narrowed from previous quarters.
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The focus of the company is gonna be innovating and refining the product.
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The chemical compound is used for oil extraction but can damage refining equipment.
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The rule change marks a seismic shift for the shipping and refining sectors.
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It's actually about refining a piece until it's distilled into its perfect form.
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Amazon, Disney and others are refining their own direct-to-consumer video services.
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Lower margins and downtime drove refining profits down 88 percent over last year.
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Elite academic culture imposed different standards, refining both King's beliefs and his rhetoric.
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Higher crude costs and worries about demand have pressured U.S. gasoline refining margins.
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Notably, refining has increased in China, particularly among the country's small "teapot" refineries.
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Texas and Louisiana are home to 45 percent of total U.S. refining capacity.
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Offline refining capacity for December this year is seen at 1.062 million tonnes.
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He also wants to increase domestic refining to end imports of foreign fuel.
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More than 45 percent of U.S. refining capacity is along the Gulf Coast.
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Isomerization units convert refining byproducts into feedstocks for motor fuel or petrochemical production.
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The Gulf Coast is home to about half of the U.S. refining capacity.
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The impact of tumbling refining profits has been reflected in the stock markets.
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Alkylation units convert refining by-products into high-octane components blended into gasoline.
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Income from the company's refining business dropped by 43 percent as margins fell.
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Sarnia in southwestern Ontario is one of Canada's largest refining and petrochemical hubs.
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Shell for instance wraps its trading results in with its oil refining business.
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Luckily, it has friendly energy producing and refining neighbors in Canada and Mexico.
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A senior company executive defended the refining margins saying they could be sustained.
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The contaminant, called glycidyl fatty esters (GE), is formed during the refining process.
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Gasoline inventories, meanwhile, soared far more than expected, even as refining rates slipped.
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The oil has been contaminated with organic chlorides, which can destroy refining equipment.
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It also plans on refining Timely's AI model and to accelerate international growth.
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Suncor, which owns both oil production and refining facilities, had opposed the curtailments.
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Sales of catalysts, which are primarily used in oil refining, dropped 4 percent.
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The refining sector has contributed buckets of red ink to Pemex's bottom line.
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Its lack of exposure to refining has helped its shares stand out recently.
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Analysts polled by Refining had forecast Argon's operating profit at 988 million euros.
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The company will simply redirect raw material flows through its other refining operations.
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Dairy company a2 Milk slipped 3.7%, while New Zealand Refining Company shed 0.5%.
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The play acts like a whittling knife, refining and clarifying as it cuts.
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What they do, according to O*NET: Operate oil refining and pumping systems.
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Refining and mastering this skill were what set the foundation for my business.
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High demand for petroleum products led to a sharp increase in refining margin.
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"The European refining system is too exposed to diesel," one oil trader said.
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Vedanta's Thoothukudi copper smelter has an annual refining capacity of over 400,000 tonnes.
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In 403, Exxon added 20,000 bpd in light crude refining capacity at Beaumont.
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Years of oil refining and fat rendering take a toll on a place.
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The largest receivers were PDVSA's refining unit Citgo Petroleum and Valero Energy Corp.
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Pipeline and refining expansions could be revisited if the tariffs significantly raise costs.
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Sugar Land, Texas-based CVR specializes in petroleum refining and nitrogen fertilizer manufacturing.
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The large product builds, particularly for diesel, put refining profits under heavy pressure.
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Together the four refineries represent 37% of Brazil's refining capacity, according to Petrobras.
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"We really spent the first four years refining that playbook," Gamache-Asselin said.
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The Gulf Coast is a center of oil drilling, refining and chemicals manufacturing.
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For five years, Mr. Williams has been refining a communications platform called Medium.
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We spend hours (and hours) refining cocktails for the menu — even the classics.
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Physical markets have firmed due in large part to very strong refining margins.
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He could focus on improving his core product and refining his public message.
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"We sort of take a bite at a time" in refining technology developments.
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Soldiers would soon be refining their skills amid "ravishing scenery," overlooking the Hudson.
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The Russian company has denied interest in running or owning the refining firm.
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The area is home to about 1.7484 percent of total U.S. refining capacity.
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The Gulf Coast is home to about 46 percent of U.S. refining capacity.
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If key refining operations are flooded, it could take months to restore service.
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Aramco had a net refining capacity of 3.1million barrels per day in 2018.
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For Sikka, this means refining the actual problem you are trying to solve.
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Wirth worked in the refining and chemicals business prior to his current role.
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The Gulf Coast holds about half the refining capacity in the United States.
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The U.S. Gulf Coast is home to nearly half of U.S. refining capacity.
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FCX is also owns smelting and refining operations via a 25-percent stake in PT Smelting, a copper smelter in Indonesia, the rod and refining copper conversion segment in North America and Atlantic Copper, which operates a copper smelter in Spain.
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First, refiners and large integrated oil companies with refining business — including Chevron — may see the cost of imported oil go up, which would make it more expensive for them to acquire the raw crude they're in the business of refining.
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A search of federal court records in all 30 oil-refining states and two California county courts near refining hubs found 25 lawsuits over the past five years charging refineries with sexual harassment, gender discrimination, retaliation, or a combination of these.
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India's Reliance Industries, the owner of the world's biggest refining complex, operates the 1.2 million-barrels-per-day (bpd) Jamnagar refining complex, while Essar Oil has a 400,000-bpd plant at Vadinar, both of which are focused on supplying overseas markets.
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"Regional refining margins may continue to be impacted by lower global demand for oil products in the near term, but this will depend on the extent of refining run cuts and other regional capacity reductions that result," Viva Energy said.
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New refineries including Zhejiang Petrochemical and the Sinopec-Kuwait refining complex in Zhanjiang were expected to add 32 million tonnes of new refining capacity to the world's largest energy consumer, according to the research unit of China National Petroleum Corp (CNPC).
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PDVSA has fuel inventories at its terminals sufficient to cover a month of domestic Venezuelan consumption, according to Rangel's numbers, as its main refining complex, the Paraguana Refining Center, is working at 40 percent of its 955,000-barrel-per-day capacity.
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Recognising the refining overcapacity, Japan's government has pushed companies to shut less sophisticated plants.
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Valero Energy's refining business posted an operating profit of $3.64 billion, up 21 percent.
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Libya is a major oil producer and exporter, but it has limited refining capacity.
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Refining sales volumes rose 8 percent in July to September to 4 million tonnes.
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The refining sector, designed to produce 1.3 million bpd of fuel, is severely hobbled.
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The stocks rose as crude imports and refining hit record highs, EIA data showed.
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It can include anything from getting your message right through to refining the focus.
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Thinking of refining your personal brand, but not sure exactly how to position yourself?
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CMS also is "refining" its procedures for processing seamless conversion applications from insurance companies.
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Our economists of 2018 also show great doggedness in unearthing and refining new data.
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Theranos' Wurtz said it will continue to work on refining the company's Zika test.
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SAUDI ARAMCO'S TALKS TO BUY MINORITY STAKE IN RELIANCE INDUSTRIES REFINING ASSETS STALL - SOURCES
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They'll be planning and refining the exact commands needed for the spacecraft's flyby sequence.
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However, the company's income from refining rose about 37 percent to C$521 million.
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At the same time, the start-up of new refining capacity is boosting demand.
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The CEOs of rivals Total and Royal Dutch Shell also have experience in refining.
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That policy saddled its refining unit with losses to pay fuel subsidies in Brazil.
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If refining margins are supported by accommodating crude prices, utilisation rates will not decline.
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While profit plummeted in its exploration and production business, its refining unit earned more.
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The changeover is expected to tighten the supply of diesel fuel, strengthening refining margins.
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"Our bull case for refining is about U.S. gasoline demand being strong," he added.
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The main U.S. recipient of Venezuelan crude last month was refining firm Valero Energy.
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"I'm not concerned for refineries," said Steve Sawyer, head of refining with consultants FGE.
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Refining capacity use fell to 83.1% as refiners shut in capacity across the country.
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Idle oil refining capacity April was revised up by 283,000 tonnes from initial plans.
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Icahn has said the change would help the entire refining industry, not just CVR.
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It will increase Hyundai Oilbank's total refining capacity to 520,000 bpd from 390,000 bpd.
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SPDC maintains the spills are chiefly due to oil theft, sabotage and illegal refining.
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Refining could help bolster a sector hit by stagnant production and lower gold prices.
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The loan proceeds will be used to double Pakistan Refinery's refining capacity, they said.
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Casino operator Sky City fell 2.7 percent and New Zealand Refining lost 3.1 percent.
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Phillips' worldwide realized refining margins fell 31.2 percent to $6.47 in the fourth quarter.
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The oil refining industry will also be scrambling to respond to last week's machinations.
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Lenovo has been refining its Yoga laptop formula ever since its introduction in 2012.
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Once you finish something, you can always go back and start refining the details.
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The combined company will have refining capacity of over 1.1 million barrels per day.
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Over-capacity within the oil refining industry also poses a threat beyond China's shores.
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That's why today's study focused on refining the injection procedure and assessing its safety.
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Sechin said Rosneft would be taking Kurdish barrels to the company's growing refining system.
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The plant accounts for about 15 percent of refining capacity on the East Coast.
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The collateral against the bond is Citgo, PDVSA's Houston-based refining and retail subsidiary.
|
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National Commercial Bank lost 2.2 percent and Rabigh Refining and Petrochemical fell 2.1 percent.
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At Chevron, earnings in refining and chemical operations dropped 21 percent to $728 million.
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And all the while it was testing and refining messages, to achieve maximum engagement.
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He did not provide details of China's plans in food processing or oil refining.
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Scientific knowledge results from testing ideas, then refining and retesting based on new information.
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Pradhan said India planned to raise refining capacity to 6.2 million bpd by 2023.
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The drop in oil refining output in Texas will have a particularly notable impact.
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Refining his changeup, and trusting the catchers' game plan, has made him a force.
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We're refining that, then moving into growth mode as the NFL season heats up.
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Traders dumped U.S. crude spreads after Harvey disrupted U.S. crude refining and petroleum transport.
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Climbing gasoline refining margins were also giving a boost to the lighter crude grades.
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But Arabian Pipes, a supplier to the oil and refining industries, jumped 0.023 percent.
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All three own refining businesses that give them a natural hedge when prices crash.
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Earnings in Phillips 66's refining business plunged 84 percent in the first quarter.
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Bloomberg looks at planned and potential refining and petrochemical investments in several countries here.
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Chevron also expects shale to generate profits for its pipeline, trading and refining units.
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It's filled with incremental upgrades aimed at refining a solid, but not standout product.
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Nigeria produces oil but lacks refining capacity so has to import most oil products.
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Turning oil sands into a usable form of petroleum requires heavy processing and refining.
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Refining low-sulfur fuel requires additional processing, requiring expensive plant refitting in many operations.
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Texas has 5.7 million barrels of daily refining capacity, more than any other state.
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It has in the past advocated refineries stop using hydrofluoric acid in refining processes.
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The attacks have also hit Saudi Arabia's refining capacity but the extent remains unknown.
|
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The band is still just beginning to gather steam and refining its sound, too.
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Koch Industries started under the name Wood River Oil and Refining Company in 1940.
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As the Houston region grows ever more diverse, the phrase could perhaps use refining.
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U.S. HEATING OIL REFINING MARGIN SLUMPS TO $14.03 PER GALLON, LOWEST SINCE JUNE 2017
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The company recently telegraphed weak fourth-quarter results because of chemicals and refining businesses.
|
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It will take six to eight weeks for the world refining system to rebalance.
|
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The attacks have also hit Saudi Arabia's refining capacity but the extent remains unknown.
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They kept refining the steps, chasing their Sphero down and doing it over again.
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Hurricane Katrina appeared to have had a greater impact on oil production and refining.
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Refining capacity use fell to 83.1% as refiners shut in capacity across the country.
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Players also spend more time on the ice in the summer, refining their techniques.
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I think it's possible to keep refining something until you've managed to kill it.
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In the end, Harvey temporarily wiped out about a quarter of U.S. refining capacity.
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Icahn's refining company had taken a large short position in the biofuels credit market.
|
|
Crude oil prices dipped following data showing a slowdown in Chinese refining activity growth.
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So he opted for biodiesel, a type of fuel made by refining vegetable oil.
|
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Around 2420 percent of U.S. refining capacity has now been shuttered, according to Reuters.
|
|
As of Wednesday, well over 250 percent of U.S. refining capacity was shut down.
|
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U.S. refining margins rallied to the highest in nearly two years early this month.
|
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Higher profit margins boosted Chevron's downstream business, which includes refining crude oil into fuels.
|
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"Our expansion ... is going to be in downstream, whether refining or petrochemicals," he added.
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He said Pertamina should expand its refining capacity to meet booming demand, emulating Petronas.
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Those two plants and Alliance account for about 3 percent of U.S. refining capacity.
|
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The early 1990s would find Dunham refining and expanding his shapes, mounds, and planets.
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And so you get, in the fringes, it's going to keep refining over time.
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About 10 percent of China's refining capacity is expected to be offline through June.
|
|
Hellenic, which operates three refineries in Greece and exports more than half of its output, said refining sales volumes, thanks to high utilisation rates of its refineries, outweighed a 20 percent drop in benchmark refining margins and higher provisions for CO2 emissions rights.
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"Refining & Chemicals improved its results compared to 2015 despite the decrease in refining margins to $35 per tonne, thanks to a record high utilization rate of 94 percent and favourable petrochemicals margins," Total's Chief Executive Officer Patrick Pouyanne said in a statement.
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"Refining & Chemicals improved its results compared to 2015 despite the decrease in refining margins to $35 per ton, thanks to a record high utilization rate of 94 percent and favorable petrochemicals margins," Total's Chief Executive Officer Patrick Pouyanne said in a statement.
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The conglomerate's strategy to diversify beyond refining and petrochemicals showed results last quarter, when its fast-growing telecom and retail businesses drove profit to new highs despite its gross refining margins taking a hit amid volatility in oil prices and slowing demand globally.
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Chaganty: The way that we like to describe this movie is, we sort of made an animated movie, then shot a live action film, and then put the live action film within the animated film and just kept refining it and refining it.
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PUNTO FIJO, Venezuela, Jan 31 (Reuters) - Venezuela's Paraguana refining complex was operating at about 42 percent of capacity, a union official said late on Monday, citing an internal report that came amid chronic unit stoppages in the crisis-hit OPEC country's refining system.
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The data also showed distillate stocks in the U.S. Gulf fell to a one-year low, while refining rates rose in the latest week, led by a jump in East Coast refining, which is operating at a record 230 percent of capacity.
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SINGAPORE, March 4 (Reuters) - Sinopec Corp's largest refining subsidiary, Zhenhai Refining and Chemical Company, is expected to shut down a 160,000 barrels per day (bpd) crude distillation unit around mid-March for regular maintenance lasting about 40 days, three industry sources told Reuters.
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The plan to crank up chemicals, refining and increase oil output pushes capital expenditures to as much as $35 billion this year, up from $19 billion in 2016, the year before Woods took over as CEO after running Exxon's refining and chemical businesses.
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Exxon Mobil, for instance, said on its website on Sunday that it was shutting down operations at its huge Baytown refining and petrochemical complex because of flooding, while heavy rain prompted Royal Dutch Shell to close a large refining facility at Deer Park.
|
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Reliance Industries' strategy to diversify beyond refining and petrochemicals showed results last quarter, when its fast-growing telecom and retail businesses drove profit to new highs despite its gross refining margins taking a hit amid volatility in oil prices and slowing demand globally.
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Reformers convert low-octane refining byproducts into high-octane reformate, which is added to gasoline.
|
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Reformers convert low-octane refining byproducts into high-octane components that are blended into gasoline.
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Many cargo ships still use "bunker fuel"—the sludgy dregs of the petroleum refining process.
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He has also talked about refining Obama-era financial rules, introduced after the financial crisis.
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The last few years, Gatta said, he has experienced all facets of the refining industry.
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Rather than building and refining a supply chain, a platform creates and grows a network.
|
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San Antonio, Texas-based Valero said refining margins fell about 10 percent to $2 billion.
|
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It is another blow for the company, which is already dealing with weak refining margins.
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At about $90 billion, the refining-to-telecoms conglomerate is already India's most valuable company.
|
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Almost all of Reliance's profit before interest and tax still comes from petrochemicals and refining.
|
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Its refining capacity has risen from 3,200 tonnes to 1103,600 tonnes a day in 2017.
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Its investments include subsidiaries involved with manufacturing, refining and distribution of chemicals, fibers and minerals.
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Wallace said the researchers are also refining the bio ink and ergonomics of the BioPen.
|
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OMV traditionally earns its money from producing, distributing and refining oil and gas in Europe.
|
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ADNOC Refining plans to spend $1.9 billion annually, according to its five-year business plan.
|
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An Exxon spokeswoman declined to discuss operations at the company's Beaumont refining and petrochemical complex.
|
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This is about refining our framework in a way that could be of practice use.
|
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New Zealand Refining Company led the gains on the benchmark, rising more than 3 percent.
|
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Gasoline cracks - a measure of refining margins - fell to $12.20 a barrel, lowest since Dec.
|
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But the Dish-owned company has regularly been putting work into refining its app design.
|
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Refining companies that must buy the credits have complained about volatile prices in recent years.
|
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It was relatively easy to produce in abundance and didn't require a complicated refining process.
|
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JX has 1.43 million bpd of crude refining capacity, or 37.6 percent of Japan's total.
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Major Chinese refineries closed several refining units in May, which would have crimped crude appetite.
|
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Aramco is also expanding its business refining crude oil into fuels like gasoline and diesel.
|
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You know we have to go through the Senate and we're refining it even further.
|
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Boosting crude processing at both facilities should help reverse a prolonged decline in refining levels.
|
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Anaemic demand is being compounded by another growth spurt in the country's domestic refining capacity.
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Anemic demand is being compounded by another growth spurt in the country's domestic refining capacity.
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He spent time in the Dominican refining his changeup, and the work is paying off.
|
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Vietnam's government allowed Dung Quat's operator Binh Son Refining and Oil Co, starting on Jan.
|
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Margins, the profit from refining crude into gasoline, hit $15.45 a barrel in morning trade.
|
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Kilduff noted that refining demand has been reduced, explaining some of the decline in imports.
|
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Oil refining and shipping have contributed significantly to Singapore's rising wealth during the past decades.
|
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EFSA declined to comment on the possible risks of refining palm oil at lower temperatures.
|
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At the end of a refining process, the platinum is recovered and can be returned.
|
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Lower oil prices have boosted refining profits and demand for oil products around the world.
|
|
Gasoline stocks posted a counter-seasonal build of 1.5 million barrels, despite heavier refining activity.
|
|
Exxon announced significant investments in its U.S. drilling and refining operations in the first quarter.
|
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It got out of refining, plumped the dividend and bought back $4 billion of stock.
|
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The gasoline crack refers to the profit from refining a barrel of oil into petrol.
|
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Mylan has disclosed very little about the tax credit strategy or its coal refining operations.
|
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Andeavor, formerly known as Tesoro Corp, bought Western Refining Inc for $4.1 billion in June.
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India's pricing formula gives higher profits to retailers with refining plants or domestic supply sources.
|
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In the meantime, Pemex is moving forward - alone - to finance some of its refining needs.
|
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Reformers convert low-octane refining byproducts into octane boosting components that are blended into gasoline.
|
|
Hurricane Harvey shut about a quarter of the country's refining capacity along the Gulf Coast.
|
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The group will have the name Shandong Refining & Chemical Group Co, according to the document.
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He was a member of Total's refining and chemicals management committee from 2012 to 2014.
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The company blamed weak margins in refining and non-recurring charges for the lackluster result.
|
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Refining margins per barrel of $11.17 also fell short of Credit Suisse estimate of $13.85.
|
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" Refining the question, Feinstein asked if "this could not be a case of mistaken identity?
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Estimates say the storm has taken at least 2.4 million bpd of refining capacity offline.
|
|
Marathon's refining and marketing margin jumped 36 percent, while those for Valero rose 14 percent.
|
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Dr Pepper Snapple has also been refining its advertising, promotion and distribution strategy for Bai.
|
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Castello Branco has frequently said he does not consider refining to be Petrobras' core business.
|
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Its capacity for refining crude oil and feedstocks totaled 210,488 bpd in the second quarter.
|
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It also regularly delivers crucial refined fuel as Libya's refining system operates well below capacity.
|
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Around 60% of it was used in catalysts for oil refining and in vehicle engines.
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It is the largest oil refining complex on the Eastern Seaboard, according to the company.
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Hometown companies had shuttered, including Standard Oil, which had stopped refining in Cleveland in 240.
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About 2% of the HF used in the United States goes toward refining, she said.
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That string of arrests has included six executives from Citgo, PDVSA's Houston-based refining subsidiary.
|
|
As children proceed through the playground's three sections, he explained, they mimic the refining process.
|
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Most rum in the Caribbean is made from molasses, the byproduct of refining sugar cane.
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Refining has traditionally been state-owned in Brazil, triggering occasional calls for government price controls.
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O'Shaughnessy went on to star for the Tommies before making his fortune in oil refining.
|
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The storm's impact has been felt in oil and gas production as well as refining.
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Some ideas come together quite quickly, others involve lots of mulling, refining and word-searching.
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We're just taking the best information we have and refining the results throughout the evening.
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It also forced the closure of nearly a quarter of the nation's oil refining capacity.
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Saudi Aramco is primarily focused on pumping oil and refining it into products like gasoline.
|
|
" The refining business depends on margins, which are defined by something called the "crack spread.
|
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In 2005, Hurricanes Katrina and Rita ravaged the region's refining capacity, production and pipeline operations.
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About half of U.S. refining capacity is located in plants along the U.S. Gulf Coast.
|
|
They said Saudi Arabia is considering selling shares in refining ventures with foreign oil firms.
|
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CDUs do the initial refining of crude oil and provide feedstock for all other units.
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"We have spent 10 years refining the technique and have numerous quality controls," Pike said.
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Marathon's refining and marketing gross margins rose to $14.14 per barrel from $10.67 last year.
|
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The company reported higher refining margins at its U.S. mid-continent and West Coast regions.
|
|
Karo will also own 75 percent of the refining, power generation and coal mining units.
|
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With the agreement, the Chinese move toward getting their first refining capacity in the Americas.
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|
The expansion aims to increase Cilacap's refining capacity to 400,000 barrels per day from 348,000.
|
|
He was saying "no quid pro quo" while simultaneously refining the requirements for the trade.
|
|
"The western half of the country hasn't added any refining capacity this century," said Kloza.
|
|
Samsung (SSNLF) said Thursday that it has spent the past several months "refining" the phone.
|
|
New Zealand Refining led gains, up 2.1 percent while Air New Zealand rose 1.0 percent.
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|
Downstream is lower ... And now we see a tougher environment for both refining and trading.
|
|
That's why governments are constantly researching and refining the way they value their citizens' time.
|
|
The conglomerate's strategy to diversify beyond refining and petrochemicals has seen its fast-growing telecoms and retail operations driving quarterly profit to record highs at a time when its gross refining margins have taken a hit from oil price volatility and slowing global demand.
|
|
At the same time, the large and technologically advanced refining centers on the U.S. Gulf Coast are exporting low-cost gasoline and diesel fuel to Mexico, freeing up capital for oil and gas exploration and production that would otherwise have gone into new refining capacity.
|
|
The corn industry has pushed back, pointing out that other refining companies - like top U.S. refiner Valero Energy Corp - are raking in their biggest profits in years, and suggesting PES' problems may have had more to do with regional refining economics and management choices.
|
|
It had refining and marketing earnings of $1.35 billion, up from $22012 million the year before.
|
|
A global glut of refining capacity means there is no point in Guyana building its own.
|
|
Gasoline cracks, an indicator of refining margins, earlier on Tuesday reached the widest since Nov. 1.
|
|
The rest is fairly evenly split between refining costs and profits, distribution and marketing, and taxes.
|
|
That pushed gasoline crack spreads, an indicator of refining margins, to a fresh one-year low.
|
|
Musk's team is refining the production Model 3's right up until the moment of delivery.
|
|
New smelting-refining capacity is coming on stream, injecting an extra demand boost for copper concentrates.
|
|
Organic chloride is used in oil extraction but must be removed before the refining process begins.
|
|
Several consultancies based in Texas focus on helping companies navigate strategy related to their refining operations.
|
|
On Wednesday, Chevron announced it would buy Pasadena Refining System from Brazil's Petrobras for $350 million.
|
|
In particular, refining usage in the Midwest fell to its lowest levels in May since 2013.
|
|
Imperial Oil Ltd and Husky Energy previously benefited from refining cheaper oil, and opposed the cuts.
|
|
Shell spokesman Ray Fisher said officials at its refining and chemical plants were monitoring the storm.
|
|
Attention is gradually shifting, in other words, from refining manufacturing towards cleverer design and new ideas.
|
|
Image: MindtribeThe teardown makes it clear how much time and effort went into refining every detail.
|
|
At issue here is the American Fuel & Petrochemical Manufacturers, whose focus is oil and gas refining.
|
|
Shot in a variety of locations around the island — a disused Commonwealth Oil Refining Company, Inc.
|
|
Three years later, after Hurricane Gustav struck, it took 14 weeks before refining operations fully resumed.
|
|
Now, the refining serum is sold out again and won't be restocked for a few weeks.
|
|
Harvey has also triggered problems at several of the Houston-area's operating petrochemical and refining facilities.
|
|
Fuel prices are expected to keep rising as refining capacity remains down because of the storm.
|
|
Analysts surveyed by Platts said they believed refining decreased last week and stockpiles would grow again.
|
|
Like many of its rivals, Chevron also reported declining profits in its refining and chemicals units.
|
|
The company pointed to lower margins in its chemical and refining business and lower oil prices.
|
|
It collected lower profits from refining due to higher costs and lost production at several plants.
|
|
Exxon previously pledged tens of billions of dollars for U.S. refining, petrochemical and shale exploration efforts.
|
|
He added that the company will be "refining" spending in the second half of the year.
|
|
"He's already got a big engine … We're just constantly refining and making small adjustments," Harris said.
|
|
"Sacha is refining stuff right up to the moment it goes on the air," Levine said.
|
|
Hengli, a privately-owned chemicals producer, is building a similar-sized refining complex, industry officials said.
|
|
Refining his algorithms' ability to respond in ordinary human language took a year and a half.
|
|
Cancel makeup melting in 2019 with this pore-refining primer that grips your foundation all day.
|
|
As with zinc the hardest evidence comes in the form of concentrate treatment and refining terms.
|
|
Like smart start-up CEOs, the hackers are testing the market and refining the business model.
|
|
PDVSA used Citgo Petroleum, its U.S. refining unit, as 51 percent collateral on the 2020 bond.
|
|
Asian countries will also need to add refining capacity to respond to growing demand, he added.
|
|
The process takes longer and costs 53 percent more than high-temperature refining, Ferrero told Reuters.
|
|
Investors are awaiting the launch of Egyptian Refining Co, in which Qalaa is a key shareholder.
|
|
However, U.S. production rose, and refining runs declined, giving analysts pause about the market's sharp rise.
|
|
A possible refining deal would depend on Petrobras' final proposal for interested investors, the source said.
|
|
"24 is probably a lost year for the U.S. refining industry," Barclays analyst Paul Cheng said.
|
|
Alkylation units convert low-octane refining byproducts into octane-boosting components that are blended into gasoline.
|
|
"Whatever the extra (it) won't be in the market but go for our refining," he said.
|
|
Industry sources say the plants are seeking alternative supplies and have yet to cut refining runs.
|
|
A major refining and hydrocarbon import hub, the port is exposed to shifts in energy policy.
|
|
And while Resy is focused on refining the product, the company is also focused on growth.
|
|
The company is further strengthening its refining role in China, one of its biggest oil customers.
|
|
Sterling, who founded Humble Oil and Refining Co., commissioned the home from the architect Alfred Finn.
|
|
Weaker refining margins and a loss in market share for fuel sales also contributed, executives said.
|
|
Thanks to the Tax Foundation's Kyle Pomerleau and Vox's Dylan Matthews for help refining this metaphor.
|
|
Tesoro also acquired a non-controlling stake in Western Refining Logistics as part of that deal.
|
|
Refining Wittgenstein, he posited a linguistic division of labour, analogous to Adam Smith's thinking in economics.
|
|
So it's likely that both will continue to focus on refining and building out the basics.
|
|
"2016 is probably a lost year for the U.S. refining industry," Barclays analyst Paul Cheng said.
|
|
Lower profits from Exxon sand Chevron's refining divisions contributed to weaker overall results for both companies.
|
|
"Now, these three sectors — refining, timeshares, real estate investment trusts — they don't provide leadership," Cramer admitted.
|
|
Coastal refineries in the storm area account for a quarter of U.S. crude oil refining capacity.
|
|
Refining margins in northwest Europe averaged $14.5 per barrel in 2015 and in the Mediterranean $12.7.
|
|
Facebook is refining while Google is designing, but first, a cartoon about when smartphones go rogue.
|
|
It makes it safe to spend time and money refining the invention before the imitators arrive.
|
|
Profit fell 12 percent in Exxon's downstream refining unit, and 14 percent in its chemical unit.
|
|
The retail and oil-refining industries, in particular, are vocal in their advocacy against the proposal.
|
|
There are further refining parameters, like controlling the feeling of how fast that bug is crawling.
|
|
The biggest gainers were Steel & Tube, up 2.0 percent and New Zealand Refining, up 1.6 percent.
|
|
In the week before Harvey hit, refining rates were at 96.6 percent, their highest since 2005.
|
|
The two refining plants at Port Harcourt operate far below their 210,000 barrels per day capacity.
|
|
Average realized U.S. refining margins more than doubled to $9.86 per barrel from a year earlier.
|
|
An estimated 25 percent of refining activity was halted to protect people, facilities and the environment.
|
|
Downstream profit fell 24 percent in the quarter from continuing weakness in its international refining operations.
|
|
On Tuesday, CVR Refining estimated its RINs expense at $235 million to $265 million in 2017.
|
|
Texas is home to 5.6 million bpd of refining capacity, and Louisiana has 3.3 million bpd.
|
|
U.S. cash grades are trading at multi-year highs, led by strong exports and refining margins.
|
|
Operating revenue in Valero's refining business soared 40 percent to $20.89 billion in the first quarter.
|
|
Around 61.5 percent of these are produced by refining, natural gas processing, hydrogen and cement production.
|
|
Its refining capacity was curtailed when Islamic State militants overran Baiji, north of Baghdad, in 2014.
|
|
CDUs do the primary refining of crude oil and provide feedstock for all other production units.
|
|
The latest refining cutbacks were at Marathon's 2560,000 bpd plant and Lyondell's 264,000 bpd Houston plant.
|
|
Refining comes down to the difference between the price of oil and the price of gasoline.
|
|
This is where Scorsese's documentary steps in, taking over and refining the resplendently restored, comprehensive footage.
|
|
Overall refining margins in northwest Europe were below seasonal levels seen over the past three years.
|
|
PES and other East Coast refiners have been forced to return to refining West African crudes.
|
|
Global miners and smelters are in talks for next year's treatment and refining charges (TC/RCs).
|
|
The visible features are relatively few and far between and are mostly about refining existing products.
|
|
The group has a combined refining capacity of around 30 million tonnes per year, he said.
|
|
Last week, CVR Refining estimated its RINs expense at $235 million to $265 million in 2017.
|
|
Patel took over as CEO in 2015 when James Gallogly, a former refining executive, stepped down.
|
|
Gasoline refining margins settled at 28 cents per barrel after turning negative earlier in the session.
|
|
Citgo Petroleum, the U.S. refining arm of PDVSA, did not reply to a request for comment.
|
|
In terms of overall refining profits, strong diesel cracks are able to offset slumping gasoline margins.
|
|
MALAYSIA OFFICIAL SAYS FOUR DEAD, ONE MISSING IN FIRE AT PENGERANG REFINING AND PETROCHEMICALS COMPLEX - BERNAMA
|
|
Mubadala also holds 24.9% of OMV, while OMV holds a 15% stake in ADNOC's refining business.
|
|
Declaration of force majeure could delay discharge of crude vessels, an Indian refining source told Reuters.
|
|
The LBMA said there was more than enough refining capacity in the world to meet demand.
|
|
The writers were refining the characters and their motivations and he felt pretty good about that.
|
|
Exxon sees a loss in its chemicals unit and a sharply lower operating profit in refining.
|
|
Statecraft requires a rigorous process of refining and a timely means of deliberating on those alternatives.
|
|
It said it expected its refining margins this year to be "significantly" higher than last year.
|
|
The company, owned by Republican donors Charles and David Koch, includes oil refining and manufacturing interests.
|
|
"The re-refining process is divided in two sections: front end and back end," she said.
|
|
"Demand is starting to weaken as ... refining capacity was taken out of the market," Slavov said.
|
|
Shell said most oil spilled last year was due to sabotage or theft for illegal refining.
|
|
For decades, Mr. Jackson has been refining a delicate balance of working hard and hardly working.
|
|
Texas is home to 29.53 million barrels of refining capacity, and Louisiana has 29.61 million barrels.
|
|
Its refining business had improved margins that were offset by higher logistics costs, the filing showed.
|
|
Exxon also suffered from weaker profit margins in its chemical and refining business in the quarter.
|
|
The alkylation unit converts refining by-products into octane-boosting components that are blended into gasoline.
|
|
More than 45 percent of the nation's oil refining capacity is along the U.S. Gulf Coast.
|
|
The supply cut followed a leak in a pipeline owned by New Zealand Refining Co Ltd.
|
|
Several , removing about 25 percent of Gulf Coast refining capacity, according to S&P Global Platts.
|
|
The expansion will increase Bapco's refining capacity to around 400,000 barrels per day, from around 270,000.
|
|
Harvey decimated the Gulf Coast, which accounts for about 28500 percent of overall U.S. refining capacity.
|
|
"Global refining margins are going to stay very strong," said Olivier Jakob, managing director of Petromatrix.
|
|
By refining their preparation plans each year, the staff said they keep getting better at it.
|
|
Shell said most oil spilled last year was due to sabotage or theft for illegal refining.
|
|
Refining runs on the U.S. Gulf Coast hit a record low in the week to Sept.
|
|
Exxon, in addition to shale, continues to invest heavily in major refining, chemical and offshore projects.
|
|
Citgo has a 749,000 barrel per day refining network in the United States and other assets.
|
|
He said the ability to export refined products drives refining margins more than low crude prices.
|
|
"We are in the process to bring back oil refining to full capacity," bin Salman said.
|
|
This month will be a period of refining and clarifying what you expect from your relationships.
|
|
Reliance Industries saw its gross refining margin hit a 53-year high of $22010 last year, and is expected to hold at $22-$9.80 a barrel in 2016, refining sources said, as it meets double-digit demand growth for gasoline and 7-8 percent growth for diesel.
|
|
Aramco has been boosting investment in refining and petrochemicals, with the aim of almost tripling its chemicals production to 220 million tonnes per year by 232 and raising its global refining capacity to 8-10 million barrels per day (bpd) from more than 5 million bpd.
|
|
Aramco has been boosting investment in refining and petrochemicals, with the aim of almost tripling its chemicals production to 103 million tonnes per year by 2030 and raising its global refining capacity to 8-10 million barrels per day (bpd) from more than 5 million bpd.
|
|
Caltex's solitary oil refinery, the Lytton refinery in Brisbane, also suffered lower refining margins, down 18.6 percent.
|
|
But he's always had to compete and pitch, and now he's refining it and getting even better.
|
|
But it's already creating a stir in sectors that would be hurt most — retail, autos and refining.
|
|
Such a storm could cause far more pollution than Harvey has, and cripple U.S. oil refining capacity.
|
|
Nigeria depends on imports for consumption of most goods including petroleum products, due to inadequate refining capacity.
|
|
It's meant to improve upon other text-to-image AI by refining images at the word level.
|
|
Meanwhile, refining margins in the Rockies (West Texas Intermediate) were up 78 cents a barrel to $22.59.
|
|
Exxon Mobil Corp, Phillips 66, and Motiva Enterprises said the storm had not affected their refining operations.
|
|
After a bit of redesigning and refining, the company launched in January — and business has been booming.
|
|
Lenovo has spent the last eleven years refining and working out the kinks in its laptop design.
|
|
A 4,200-acre industrial park worth $2.3 billion was planned to attract textile and oil refining industries.
|
|
For Glencore, the deal would secure the trader's first refining asset since it ventured into downstream investments.
|
|
Now, Zuck is on a media tour and he's refining his ruminative, valueless answers by the day.
|
|
Libya has limited refining capacities and some fuel gets smuggled abroad, as the country heavily subsides petrol.
|
|
Just as plastic is derived from petrochemicals, bitumen is produced as a by-product of refining oil.
|
|
Aramco is expanding its refining business at home as well as in new markets, particularly in Asia.
|
|
Organic chloride is used in oil extraction but must be removed before the refining process is started.
|
|
The first was Flowserve, which makes pumps and valves for the oil, gas, refining and chemicals market.
|
|
She added next steps would be up to Czech refining group Unipetrol, part of Poland's PKN Orlen.
|
|
The decline in imports helped offset the impact of a substantial drop in refining activity, he said.
|
|
Shell also denies responsibility for the spills, which it says were due to sabotage and illegal refining.
|
|
Analysts on average had expected a profit of $1.35 per share, according to IBES data from Refining.
|
|
In particular, refining usage in the Midwest region plunged to its lowest levels in May since 2013.
|
|
Gasoline refining margins in northwest Europe extended their gains on Thursday on the back of the outage.
|
|
In June, China more than doubled tariffs on U.S. rare earths imports for refining to 25 percent.
|
|
GRAPHIC: Asia benchmark diesel refining margin at highest in over 5 years on uptick in demand - tmsnrt.
|
|
Jet fuel <0#JETSGSW:> is more expensive than a standard barrel of oil due to refining costs.
|
|
Rising diesel and gasoline prices this winter have boosted refining margins and the demand for crude oil.
|
|
Standalone profit that accounts for the firm's refining, petrochemicals and oil & gas exploration was 85.56 billion rupees.
|
|
Higher refining capacity will mean India could export more refined oil products to countries in the region.
|
|
Integrated oil companies such as Chevron have seen their refining margins contract as crude oil prices rise.
|
|
U.S. refining runs increased, pushing capacity use to 0003 percent, the highest in December dating to 2000.
|
|
Oil refiner New Zealand Refining Co was the biggest percentage gainer on the index, up 4.8 percent.
|
|
"There is so much stock in the system," Steve Sawyer, head of refining at FGE Energy, said.
|
|
Aramco's joint ventures in Malaysia, Indonesia and elsewhere are not only aimed at increasing its refining capacity.
|
|
"We're still refining our understanding of how the Earth-Moon system formed after numerous missions," Peplowski said.
|
|
Refining stocks are rallying, but Kloza said gas prices shouldn't rise too much on the East Coast.
|
|
The compound must be removed before oil is sent to customers because it can destroy refining equipment.
|
|
For the time being, RightHand Robotics is still testing, refining, and working towards perfecting its RightPick system.
|
|
Faust also said spot treatment and refining charges (TC/RCs), the cost of processing ore, were rising.
|
|
Credit Suisse analyst Manav Gupta flagged higher-than-expected earnings at all refining units of the company.
|
|
EXXON MOBIL REPORTS SIX INJURIES, NONE LIFE THREATENING, AT BAYTOWN REFINING AND CHEMICAL COMPLEX -SPOKESWOMAN SARAH NORDIN
|
|
The San Antonio, Texas-based company said its refining margins fell to $2.58 billion from $2.93 billion.
|
|
Aramco is expanding its refining business at home as well as in new markets particularly in Asia.
|
|
The company's CEO Claudio Descalzi said the partnership would increase its global refining capacity by 35 percent.
|
|
He spends hours refining prototypes of the car, hoping that one day he will make it fly.
|
|
Meanwhile, jet fuel refining margins dipped seven cents to $13.46 a barrel over Dubai crude on Thursday.
|
|
But many ships still run on cheaper heavy fuel oil, made from the residues of petroleum refining.
|
|
The songs themselves, the structure and things like that, we spent a little bit more time refining.
|
|
Main receiver was its own unit Citgo Petroleum, followed by refining firms Valero Energy and Phillips 66 .
|
|
Many U.S. refiners, however, invested in making their refining capabilities highly complex, particularly on the Gulf Coast.
|
|
Gasoline: Prices are climbing as the storm hamstrings refining, crude oil and pipeline networks in the region.
|
|
Standalone profit, which reflects Reliance's refining, petrochemicals and oil and gas production businesses, was 90.36 billion rupees.
|
|
Many analysts and the market predict that once again, production will resume far more quickly than refining.
|
|
Those cases are often cited by EPA officials and refining industry representatives defending the expanded waiver program.
|
|
Refining activity rose, particularly in the Midwest, as maintenance season ebbs as summer driving season heats up.
|
|
The country is also seeking to lift its refining capacity to become self-sufficient in oil products.
|
|
Downstream fuel refining and marketing operations earned $1.1 billion, a slight jump from the year-ago period.
|
|
The Ineos group also contains chlorovinyls, styrene, refining joint ventures, other petrochemical assets and an upstream business.
|
|
The company would help Kuwait to sell products mainly from its refining venture at Duqm in Oman.
|
|
Icahn has said that the change would benefit not just his company, but the entire refining industry.
|
|
Fuel economy bolsters our energy security while cutting air and water pollution from oil drilling and refining.
|
|
Western Refining shareholders will get 0.4350 Tesoro shares for each share they own, or $37.30 in cash.
|
|
It also plans to grow its pharmaceutical business but has no plans to expand its refining capacity.
|
|
Refining earnings were $4.03 billion and chemicals $3.25 billion, respectively, for the first three quarters this year.
|
|
In the alkyklation process refining byproducts are converted into octane-boosting chemicals that are blended into gasoline.
|
|
CDUs do the primary refining of crude oil and provide hydrocarbon feedstock to all other production units.
|
|
U.S. exports of refined products have been a bright spot in the U.S. refining market this year.
|
|
Aramco has been increasing its investments in refining and petrochemicals to secure new markets for its crude.
|
|
With a refining capacity of 3.8 million tonnes in 2018, SIR serves Ivory Coast and nearby countries.
|
|
The refining margin fell 20 percent to $5.3 from $6.6 in the first quarter of last year.
|
|
Separately, Marathon reported its first-quarter profit jumped 23 percent, led by higher refining and marketing margins.
|
|
The company said it would retain about 75 percent of its domestic refining capacity after the privatization.
|
|
Making matters worse, the collateral against the bond is Citgo, PDVSA's Houston-based refining and retail subsidiary.
|
|
It was the second consecutive quarter that refining weakness, especially outside the United States, clipped improved profit.
|
|
Organic chloride should be removed before oil enters the supply chain as it can damage refining equipment.
|
|
China, specifically, is making major strides in refining its economy, but not because of the trade war.
|
|
Now, Mr Zornow says, they are refining their methods for various types of fabrics and industrial settings.
|
|
"It would be more about refining the strategy for achieving 2 percent inflation," a second source said.
|
|
For Hurd, Oracle is still focused on refining these processes to take Oracle into a new era.
|
|
Goldman Sachs advised Abu Dhabi National Oil Company on the stake of its refining unit, sources said.
|
|
It has remained current on its 2020 bond, whose collateral is its U.S. oil refining subsidiary Citgo.
|
|
But the pulsar research would offer another way to make progress, perhaps confirming and refining that discovery.
|
|
"I'd be happy in a little office somewhere, thinking up policies, making things happen, refining them," Mrs.
|
|
In the early 1970s, the houses were erected atop the former Anaconda Lead and International Refining Company.
|
|
He simply forced those oil drillers to use his shipping and refining infrastructure, and could dictate prices.
|
|
If Venezuela misses the payment deadline, it could lose control of Citgo, its U.S.-based refining operation.
|
|
Diesel refining margins surged to their highest in nearly two years on Thursday at $7.83 a barrel.
|
|
Earlier this year, Chevron announced it would buy Pasadena Refining System from Brazil's Petrobras for $350 million.
|
|
According to BP's data, global refining margins are down to $12.50 a barrel so far in 2016.
|
|
Western Refining shareholders will receive 0.4350 Tesoro share for each share they own, or $37.30 in cash.
|
|
If you want to remain on the cutting edge and remain relevant, that means constantly refining, innovating.
|
|
Flat or falling earnings from refining and chemicals profits kept Exxon from generating even more extravagant returns.
|
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If the future of Valve is refining an online marketplace and figuring out competitive multiplayer games, fine.
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"Soft regional demand continues to weigh heavily on regional refining margins," Viva Energy said in a statement.
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The plant has a daily crushing capacity of 4,000 tonnes and oil refining capacity of 1,200 tonnes.
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Flooding from Harvey drove up fuel prices by shutting down almost a quarter of U.S. refining capacity.
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That line runs from the Permian Basin in West Texas to refining and export facilities in Houston.
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The refining makes the drug much easier to smuggle out into the supply lines to the West.
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Petrobras, which has a near monopoly of oil refining in Brazil, also reduced diesel prices by 7.5%.
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The kingdom has tried to compensate for its lost revenue by expanding its petrochemical and refining industry.
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Nigerian oil companies say that the majority of spills are caused by sabotage, theft and illegal refining.
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The Houston company's 750,000-barrel-per-day refining network is the biggest U.S. importer of Venezuelan crude.
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It is a skill and it is something that we have been refining since the Ebola outbreak.
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NREM sleep, for example, is crucial to memory retention, and to acquiring and refining our motor skills.
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"We see the world changing," said Abdulaziz al-Judaimi, Aramco's senior vice president for chemicals and refining.
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CNPC did not reveal the timeframe of the crude run cuts nor its current refining utilisation level.
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Apple itself has spent much time refining the watch to figure out its true purpose for people.
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Refining margins for jet fuel also turned negative for the first time in more than a decade.
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On Friday afternoon in Central Park, and again Saturday, last-minute refining continued with the chest sensor.
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That effect is of course an illusion here; the authors have been refining their show for years.
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New observations and analysis further refining the Hubble Constant could provide that big break they're looking for.
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"We started refining it to have a good balance between sunny weather and creepy weather," says Geppert.
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The force majeure declaration could delay discharge of crude oil tankers, an Indian refining source told Reuters.
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Exxon now sees a loss in its chemicals unit and a sharply lower operating profit in refining.
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Gasoline prices are a different story, having risen because refining capacity was shut down amid the storm.
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Rival Exxon Mobil Corp said last year it would invest $20 billion on U.S. Gulf refining projects.
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Lianyungang is being considered as a site for one of seven planned major refining complexes in China.
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He said as part of refining expansion ADNOC plans to 'mothball' its refinery near Abu Dhabi city.
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He said as part of refining expansion ADNOC plans to 'mothball' its refinery near Abu Dhabi city.
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Mr. Casimiro is also identified on the Rosneft website as the parent company's vice president for refining.
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In Detroit, automakers are inventing and refining flying cars, and flying taxis are even closer to reality.
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Subsequent recipes like RoBERTa result from researchers tweaking these design decisions, much like chefs refining a dish.
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After some refining, Anil Kumar erased Sands from the original video and replaced him with the model.
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"We are constantly refining these systems and processes to ensure we are optimizing for accuracy," she said.
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However, Rabigh Refining and Petrochemical Company shares dropped 8.6%, making them the biggest fallers on the index.
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Design Report From Seoul, Moscow and Athens, these creators are both refuting and refining the local aesthetic.
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We will be refining our testing methods as we continue to test new options for future updates.
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Will was incredibly patient with me as I worked through refining the theme answers and the fill.
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Harvey knocked out more than 4 million bpd of refining, nearly a quarter of total U.S. capacity.
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Crude purchases from China, the world's top oil importer, are also declining because of falling refining margins.
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"We've received two crude oil cargoes and refining is in progress on the plant," the spokesman said.
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A quarter of U.S. refining capacity to be taken off-line due to the hurricane, sapping demand.
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As the winter approaches, the traditional season for heating oil demand, that could again help refining margins.
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However, it appeared to be tracking north from the Yucatan toward Texas refining areas around Corpus Christi.
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Refining and trading have rescued the world's top oil companies such as BP, Total, Exxon Mobil Corp.
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Joint ventures in refining can be fraught because of competing trading and operational goals of the partners.
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It also bought out shareholders in the country's only refining group to gain full ownership last year.
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Both companies are tying their shale operations to logistics and refining arms that independents do not have.
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HollyFrontier's refining margin more than halved to $9.83 per barrel in the third quarter ended Sept. 30.
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The reasons can be clearly seen at the sprawling oil refining complex here on the Caribbean coast.
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Its track takes it closer to offshore production unlike Harvey, whose impact was greatest on refining centres.
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Potential damage from weather conditions to refining facilities on the Gulf Coast have pushed gasoline prices higher.
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It also provides waivers to small refining facilities that can prove compliance would cause them financial harm.
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Did you take those criticisms into account as you've been refining your drag over the past year?
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"Our curators are always evaluating and refining the museum's collection," the Art Institute said in a statement.
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On Nothing Feels Good, the band wanted to focus on clean production and refining their pop sensibilities.
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To diversify its oil business, Aramco is expanding in refining and petrochemicals with the aim of almost tripling its chemicals production to 34 million tonnes per year by 2030 and raising its global refining capacity to 2000-2607 million barrels per day (bpd) from more than 2000 million bpd.
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The results would have been far worse had it not been for the company's refining and chemical businesses.
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"I think that life is refining who you are through time — becoming more yourself with time," added Jewel.
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This suggests that PDVSA is seeking to take advantage of a stagnant production to overhaul its refining network.
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"We are refining the product with a group of potential clients to design the pricing model," said Griffith.
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"It's more serious than I've heard before," said a refining industry executive familiar with the White House discussions.
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Although progress has been made over time refining the flu vaccine, the holy grail remains a "universal" vaccine.
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PKN said it expected its oil refining margin to fall in 2016 from $13 per barrel in 2015.
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In the plastic manufacturing and petroleum refining industries, regulatory expenditures created a net 6.9 and 2.2 jobs, respectively.
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In the case of President-elect Trump, the process of refining the policy agenda began before the election.
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Greater integration between refining and petrochemical operations is one driver of demand for the nation's oil, she said.
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Stronger imports have been supported by firm refining margins after China raised domestic fuel prices twice in November.
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The refining industry has been hammered of late by growing fuel inventories and weak demand, denting its profitability.
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Refining profits typically rise when oil prices fall, which has helped lift Exxon's results in the past year.
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"I am pretty bullish on the East Coast refining market," Gatta said in a phone interview on Wednesday.
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Chevron's other major business line, refining and marketing fuels like gasoline and diesel, saw profits drop 24 percent.
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The top buyer of Venezuelan crude in India is Reliance Industries, operator of the world's biggest refining complex.
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A lack of infrastructure such as a transportation pipeline and a refining facility have also held up output.
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Washington is America's fifth-largest refining state, so it's not surprising opposition is coming largely from petroleum companies.
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His companies' losses on Chesapeake, Cheniere Energy and refining company CVR Energy each totaled $1 billion or more.
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PKN Orlen did not respond to Reuters' question on whether it is refining oil from the strategic reserves.
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The agreement also underscores China Energy's ambition to diversify its business into natural gas and the refining sector.
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Halting supplies of tainted oil, which can corrode refining units, has pushed some refiners to find other supplies.
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Profits from international refining operations rose seven-fold to $603 million due to better margins and currency factors.
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Now, it's opening up to early access for a broader group, with the aim of refining it further.
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TC/RCs: Spot prices for refining copper concentrate have fallen to their lowest in 212-2115/13 years.
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That pushed gasoline crack spreads RBc1-CLc1 , an indicator of refining margins, to a fresh one-year low.
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Now more than ever, when another British-born Muslim has struck his homeland, it needs refining and strengthening.
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The market structure "is very bullish but refining margins do not support that," one of the sources said.
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If somebody uses a reporting feature on an app, you won't have the opportunity to ask refining questions.
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So instead of even trying (though it'll keep refining its existing products), it's now opening up its platform.
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During the quarter, refining margins rose 26 percent to $3.05 billion in the last three months of 53.
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Petrobras downstream director Jorge Celestino said the company remains very interested in finding partners for its refining business.
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"To be bullish, there would also need to be a drop in refining output," Jakob of Petromatrix said.
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The company cited the strength of its refining and chemicals businesses, as well as efforts to control costs.
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Rabigh Refining and Petrochemical dropped 5.6 percent as investors took profit after the stock's big rally this year.
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The program also provides waivers to small refining facilities that can prove compliance would cause them financial harm.
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All these elements seem like snapshots of a filmmaker honing and refining his creative voice in real time.
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Naphtha derived from refining crude oil is most often used to create reformates which boost octane in gasoline.
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The total shut-in is about 24 percent of U.S. refining capacity, almost equal to Japan's daily consumption.
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The Asian refining margin on Thursday hit $10.41 a barrel, the highest since January 2016 DUB-SIN-REF.
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The Treasury acknowledged the risks of rescinding the OLA, while noting it had "serious defects" that needed refining.
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The company would help Kuwait sell oil products mainly from its refining joint venture at Duqm in Oman.
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While he was refining his screenplay, his office wall must have been papered with flow charts and diagrams.
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In a $36bn deal that creates America's biggest oil-refining company, Marathon Petroleum said it would buy Andeavor.
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Suddenly, my tidy notions of right and wrong were jumbled up, and my understanding of Jesus needed refining.
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Overall refining runs fell 2797 million barrels per day to 2000 million bpd in the week to Sept.
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Cover: Flames and smoke emerge from the Philadelphia Energy Solutions Refining Complex in Philadelphia, Friday, June 21, 2019.
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But it has also raised concerns within industries that rely heavily on imports, including retailing and oil refining.
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B8ta, an experiential retail concept that focuses on refining the in-store experience, is a testament to that.
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However strong Aramco may be upstream, its lower-margin refining and petrochemicals divisions will drag down the valuation.
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The group as a whole has a refining capacity of 32.6 million tonnes a year or 661,000 bpd.
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Shell's profit was its smallest in 30 months, due to weaker chemicals, refining and tumbling natural gas prices.
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Total also cited weaker natural gas and refining operations for earnings that fell 19% from a year ago.
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Instead, their refining is saturating the domestic market and causing state-run companies to export more petroleum products.
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Realized refining margins fell to $11.37 per barrel in the quarter from $12.28 per barrel a year earlier.
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The latter got the flagship Reliance Industries, with interests in petrochemicals, oil and gas exploration, refining and textiles.
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Citgo Petroleum is a wholly-owned subsidiary of PDVSA and operates refining capacity to process about 750,000 bpd.
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And because of his game development work, there was always a readymade crew for playtesting and refining ideas.
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PetroChina is slightly less dependent on refining than Sinopec – gasoline sales made up roughly a fifth of revenues.
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Gross refining margins could rise by $2 to $4 a barrel year-on-year in 2020, he said.
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He has also talked about refining Obama-era financial rules, introduced in the wake of the financial crisis.
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Insofar as Big Tobacco has innovated in vaping technologies, it's largely been in refining products that others invented.
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Marathon's refining and marketing margin jumped 36 percent to $15.40, while those for Valero rose 14 percent jump.
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Combined with other refineries running at reduced levels, over a fifth of the U.S. refining has been affected.
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New refining capacity being added in Asia will also likely provide incremental demand for crude oil, he said.
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Just like with Porsche, this German company is only refining a formula that's proven successful over many years.
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Phillips posted an adjusted loss from its refining business of $23.673 million in the fourth quarter ended Dec.
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Refining margins were also hurt by higher costs and lower volumes due to maintenance-related activities, Phillips said.
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But this dynamic has shifted fairly dramatically in recent weeks, with crude prices surging and refining margins dropping.
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Weaker demand could also spill over into its fuel refining and oil and gas exploration and production businesses.
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When Hurricane Katrina hit Louisiana in 2005, it caused problems at refining facilities that led to large spills.
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Texas is home to 5.6 million barrels per day of refining capacity, and Louisiana has 3.3 million barrels.
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PDVSA's refining unit Citgo Petroleum was the largest recipient of Venezuelan crude in the United States in 2016.
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Atmospheric crude distillation units do the primary refining of crude oil and provide feedstock for all other units.
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The company's breadwinner oil and gas division swung to a profit and earnings jumped in the refining division.
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The company's funds from operations surged 44 percent in the latest quarter, helped by higher U.S. refining margins.
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Similar to the college application process, you'll probably need to do some soul searching before refining your list.
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But segments of the refining industry are opposed to sweeping changes because they profit from the status quo.
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These are called upstream emissions, while downstream emissions are produced by the refining and burning of the product.
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Meanwhile, the Federal Aviation Administration is still refining the rules that will govern widespread commercial use of drones.
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The refinery and Azerkhimia fully satisfied the country's oil refining and petrochemical products needs at present, he said.
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The refining industry as a whole opposes the tax, which would separate it from the global oil marketplace.
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Glencore's bid was aimed at securing the trader its first refining asset since it ventured into downstream investments.
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The recordings, editing, mixing all just mushroomed into these really long days and weeks of refining the material.
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Operating income soared mainly on strong refining margins and a broad rise in oil prices, the refiner said.
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Surging production in the Permian shale basin is outpacing pipeline capacity, while local refining issues have exacerbated oversupply.
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Marathon's refining and marketing margins rose 1.3 percent to $1.81 billion in the three months ended March 31.
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The surge came from higher profit margins in the U.S. refining segment and gains from international asset sales.
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CT, had been contained by mid-afternoon at the 100,000 barrel per day (bpd) Pasadena Refining System refinery.
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Extracting, refining, and burning this type of oil sends more carbon emissions into the atmosphere than crude oil.
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PDVSA's oil import needs started growing in 2012 after a severe explosion hit its largest refining complex, Paraguana.
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Dongming and Qingyuan have a combined refining capacity of 20 million tonnes per year, or about 400,000 bpd.
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ChemChina would add some 500,000 barrels per day of crude oil processing capacity to Sinochem's oil refining business.
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Shell's downstream division, which includes refining, marketing and chemicals saw earnings rise by 24 percent to $2.49 billion.
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