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Asia Distillates-Jet fuel refining margins post third straight weekly drop 3/12/2021 Asian jet fuel refining margins dropped on Friday, posting their third consecutive weekly decline, weighed down by persistent weakness in aviation demand. Refining profit margins, also known as cracks, for jet fuel were at $3.53 per barrel over Dubai crude during Asian trading hours, 7 cents lower. The jet fuel cracks have dropped 13% this week, and remained nearly 70% lower than their five-year seasonal average for this time of the year, Refinitiv Eikon data showed. Prolonged international travel restrictions and sluggish pace of vaccinations in several markets have impacted the aviation demand recovery, while the recent strength in feedstock crude prices have hurt the refining margins, trade sources said. The aviation market is expected to gradually strengthen in coming months as countries lift border restrictions, but a majority of market watchers believe it would take years for the ....
Audubon Companies is Pleased to Announce the Appointment of Sonny Best to the Role of Director of Turnaround Management, in Houston March 11, 2021 14:43 ET | Source: Audubon Companies Audubon Companies Audubon Companies adds Sonny Best as Director of Turnaround Management HOUSTON, March 11, 2021 (GLOBE NEWSWIRE) Audubon Companies, a global provider of integrated engineering, technical, and management services, is pleased to announce the appointment of Sonny Best as the Director of Turnaround Management. Based in the South Houston office, Mr. Best will be responsible for expanding mission-critical shutdown and turnaround (TAR) services for refining, chemical, petrochemical, and power generation clients. He will report to Shawn Senf, Vice President of Petrochemical & Refining. ....
(2) With its unique all-in-one approach, low total cost of ownership, and superior customer experience, the PureFlo 3000 series exceeds customer expectations SANTA CLARA, Calif., March 10, 2021 /PRNewswire/ Based on its recent analysis of the North American powered air purifying respiratory (PAPR) protection equipment market, Frost & Sullivan recognizes Gentex Corporation with the 2020 North American New Product Innovation Award. Gentex s innovative PureFlo 3000 PAPR series enhances workplace safety by integrating protection with an unrivaled level of comfort. Features are configured to the needs of diverse industries, such as construction, food processing, light manufacturing, pharmaceutical manufacturing, welding, and healthcare. In addition, the series is optimized for settings such as smelters and nuclear power plants. ....
1 day Texas Freeze Led To 10.6% Higher Natural Gas Withdrawals 1 day Chinese Refineries Processed 20% More Crude In March 2 days Guyana Estimates Future Oil Production At 1 Million Bpd 2 days Climate Activists: Canada’s Support To Oil Sector Hit US$14 Billion In 2020 2 days Shell To Put Energy Transition Plan To Shareholder Vote 2 days Businesses Call For Market-Based Approach To Climate Change 2 days Mexican Parliament Passes Law That Restricts Fuel Imports Of Private Companies 2 days Executives Pay Deters Big Oil From Acting On Climate Change 3 days Oil Soars 5% As Bullish News Mounts 3 days Brazil Looks To Finance Fuel Subsidies With Oil Auctions 3 days U.S. Boosts Oil Exports To Canada ....
Energy is leading the market in 2021 after a miserable year where it lost 32.6%. The energy sector of the S&P 500, as measured by the Energy Select Sector SPDR Fund (XLE), is already up 39.8% through March 5, which dwarfs the S&P 500âs return of 0.33% so far this year. Source: MarketWatch Investors must ask: Why is the energy sector outperforming, how does the petroleum refining industry that drives it operate and can the momentum continue? This comprehensive research report introduces the petroleum refining industry and breaks down its structure, firm conduct, performance and trends to watch going forward. Industry introduction The petroleum refining industry encompasses the market involved in products derived from the refining of crude oil. These products span a wide range including gasoline, diesel, jet fuel, petrochemicals like benzene and toluene, and heavy products such as asphalt. ....