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Oil and Refineries. Heavy sour crude, on the other side, has more sulfur and is more difficult to process. Sunoco Inc. is said to have lost $ 1 billion in the last three years, attempting to upgrade in accordance with the stricter EPA regulation.
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The current price of WTI (West Texas Intermediate) crude oil is $55 per barrel, according to U.S. Energy Information Administration (EIA), and consumer gas prices are averaging $2.40.At the end of 2018, WTI crude oil prices were about $45 a barrel, and the average price of a gallon of regular in the U.S. was about $2.25.
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Experts advise that oil refinery capacity in Mexico ... - TECMA
Experts at the upcoming Energy Mexico Forum 2016, are expected to offer the opinion that the nation should not only expand the physical infrastructure required to increase the quantity of oil that is refined domestically, but should also better train its labor in an effort to increase oil refinery capacity in Mexico in a more efficient manner...
Company plans U.S.-Mexico border refinery - MexiData
Estimated costs for both the refinery and pipeline run at US$2.5 billion. If ACF's plans crystallize, the company intends to refine 140,000 to 150,000 barrels per day of "low sulfur/low particulate" fuel at the Arizona border plant.
Heavy Crude Prices Plunging Lead to U.S. Refining Boom
This heavy crude shipping through the pipeline from Canada will now cost roughly the same as heavy crude shipped via oil tankers from Mexico, thanks to discounts offered by Canadian producers. In response, Mexico's state-owned oil company, Pemex, is raising its discount to U.S. buyers to $3.70 a barrel from $0.90 in January.
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Cheaper Oil and Gas Give a Lift to the Refining Business
Oct 25, 2012 · Refining, once regarded as a low-margin, accident-prone part of the energy industry, is doing better in the United States in part because of cheaper natural gas and domestic crude oil.
Record Glut of Oil Refineries Selling at 80% Discount: Real M
Feb 22, 2011 · At that time, a Gulf Coast plant with the ability to process heavier grades of crude oil could fetch $1,700 per complexity barrel, a measure used to price assets based upon their quality.
Today in Energy - Energy Information Administration
Comparing 2008 and 2014, on-site refinery hydrogen production changed very little (less than 1%), while hydrogen supplied by merchant producers increased by 135%. Industrial gas producers are well-suited to deliver a consistent supply of hydrogen to petroleum refineries using a combination of SMR production and by-product hydrogen from nearby ...
How many oil refineries does Pemex have? | Geo-Mexico, the
The state oil giant is expanding its refining capacity by building a second oil refinery, Refinería Bicentenario, in Tula (Hidalgo). Expected to cost around 10 billion dollars in total, it will have the capacity to process 300,000 barrels of crude a day and is expected to be operational sometime in 2016.
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Cheap crude stoked demand for motor fuels, and the oil majors benefiting from very large margins on refining. This time around, the narrowing margins for gasoline is ill-timed since it is also ...
Malaysia's Petrochemical Industry Is Booming | OilPrice.com
The collaboration will give the two companies equal participation in and ownership of the RAPID project, which consists of a refinery with the capacity to process 300,000 barrels of crude oil per ...
Two New Oil Refineries Planned for Texas: The Biggest in 40 Years
For the first time in 40 years, major oil refineries are being planned for construction in the United States. MMEX Resources and Raven Petroleum both have plans for new refineries to go online in 2019 in Texas, near the Permian Basin and Eagle Ford Shale, respectively. Oil refinery construction in the United States is a rare occurrence; only 14 smaller facilities were built in the past 40 ...
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Mexico's crude oil refinery capacity by refinery 2016 | Statistic
This statistic shows the crude oil distillation capacity in Mexico in 2016, by refinery. At that time, the Salina Cruz refinery in southern Mexico had a refining capacity of some 330 thousand ...
Crude oil swaps with Mexico could provide economic
Crude oil swaps with Mexico could provide economic and environmental benefits. Consequently, they produce only limited amounts of lower-sulfur products and are not well-configured to process heavy sour crude oil. In 2014, the six refineries processed 1.2 million barrels per day (b/d) of crude oil, which included 658,000 b/d of Isthmus, a medium sour crude, and 497,000 b/d of Maya, a heavy sour crude blend.
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all crude oil in the world. The petroleum refining sector has grown over the past 50 years by about 2%/year on average. Until the second oil price shock refining capacity grew rapidly, but production already started to level off in the mid to late 1970's. This was a period where the industry started to re-organize.
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Best Oil Refining/Marketing Stocks | US News Best Stocks
Oil Refining/Marketing Stocks The oil refining/marketing sector includes companies that refine and sell crude oil. Companies that refine oil manufacture it into a number of petroleum products ...
API | Water Conservation
The oil and natural gas industry practices environmental protection and water conservation as a part of many of their operations. These practices are good for business, of course, but they also help protect and conserve resources. As an example, it is common practice for oil refineries to employ "cogeneration".
Mexico's Pemex to refine record low level of crude oil
MEXICO CITY - Mexico's state oil company Pemex will process the lowest amount of crude this year in at least a quarter century, internal refining plan documents seen by Reuters show, as plant outages and other inefficiencies continue to batter margins. The decline is a double blow, as it means ...
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Analysis: South Korea's refinery upgrades boon for Mexican
Hyundai's ability to efficiently crack cheap heavy sour crudes and fuel oil into environmentally-friendly clean fuel products bodes well for its overall refining margins, especially ahead of the implementation of the International Maritime Organization's global sulfur limit rule for marine fuels.
Mexico's Emerging Oil Opportunities Are Great - Forbes
Jun 18, 2017 · Mexico's oil sector has been in decline since giant oil field Cantarell peaked in 2004. But, make no mistake, the historic 2013 Energy Reforms will help re-install Mexico as one of the world's ...
Mexico's Pemex Steps Up Refinery Investment Plans - WSJ
Mexico's national oil company Petróleos Mexicanos plans to invest $23 billion in coming years to upgrade its refinery system, increasing production of clean fuels and expanding its crude-oil ...
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Mexico Crude Oil Refinery Outlook to 2021 | Market Research
"Mexico Crude Oil Refinery Outlook to 2021" is a comprehensive report on crude oil refinery industry in Mexico. The report provides oil production, consumption, exports and imports details from 2000 to 2020 along with oil reserves for the period 2000 to 2015.