Marketed ethane production reached a high of 1.4 million barrels per day (MMBPD) in the second quarter of 2017, according to the September edition of the Energy Information Administration’s Short-Term Energy Outlook (STEO).
Total U.S. liquid fuels consumption increased by roughly 60,000 barrels per day (BPD, 0.3%) in 2016, as growth in motor gasoline, residual fuel oil, and jet fuel consumption was partially offset by a decline in distillate fuel consumption, the Energy Information Administration reported Tuesday. […]
Modest reflation in the energy sector should filter through to higher prices for petrochemicals, plastics and other chemicals with energy-related feedstocks, resulting in higher sales, earnings and cash flow, according to Fitch Ratings. […]
The increasing demand for energy and plastics in the developing world will continue to increase global carbon emissions until about 2030, even though pollution levels are falling in the U.S., an ExxonMobil executive said last week. […]
Total U.S. liquid fuels consumption increased by roughly 290,000 barrels per day (BPD), up 1.5% in 2015, and is forecast to increase by 200,000 BPD (1.1%) in 2016, and an additional 140,000 BPD (0.7%) in 2017. […]
South African chemical/energy company Sasol reported Monday the cost to construct its Lake Charles, Louisiana, chemical complex project, jumped 23.6%, to $11 billion from $8.9 billion, with the company stretching the project’s completion timeline. “Current […]
South Korea chemical company LG Chem has scrapped its plan to build $4.2 billion petrochemical complex in Kazakhstan due to plummeting oil prices. In 2011, the firm agreed to form a 50-50 joint venture with […]
A subsidiary of Thailand-based petrochemical/refining company PTT Global Chemical (PTTGC), PITGC America, has selected Paris-based Technip SA to provide technology licensing and the process design package for the company’s proposed petrochemical complex in Belmont County, Ohio. The […]