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Fire at Lyondell Refinery

May 20, 2010

Analysis of:Fire Nearly Halts Ops at Houston Refinery | www.downstreamtoday.com

A fire broke out Monday, May 17 at Lyondell's refinery in Houston, Texas.

Deepwater Horizon Spill Not Expected to Impact Gulf Coast Refining

May 20, 2010

According to industry sources, the oil spill has not affected delivery of crude oil or shipping of finished products.

Longhorn Pipeline May Reverse Course

May 5, 2010

The Longhorn Pipeline system, which conveys refined products from Houston to El Paso, is being reviewed for a conversion to crude service.

Spill Begin To Hamper Gulf Coast Refinery Operations

May 4, 2010

Speculation about possible impairments is becoming reality as refinery crude unloading operations are impacted.

BP Confirms Relief Effort to Take 2-3 Months; Refining Could Be Impacted

May 4, 2010

Analysis of:BP drilling relief well to stem source of gulf oil spill | www.ogj.com

The spreading spill from the failed BP rig will continue for 2-3 months.

OIl Spill May Impact Gulf Coast/Mississippi River Basin Refineries

May 4, 2010

As the oil continues to flow from BP's capsized oil drilling platform in the Gulf, some officials have begun to consider the impact of the oil on traffic into and out of the region. The implications are serious for gasoline and diesel supply in the US East Coast, Gulf Coast, and Midcontinent.

Coming Soon to a Gas Pump Near You...E15!

April 29, 2010

The original Renewable Fuels Standard (RFS1) was created by the Energy Policy Act of 2005 (EPAct). RFS1 has been expanded (RFS2) by the Energy Independence and Security Act (EISA) of 2007 directs the use of more ethanol. When it will be done is still up in the air.

Chemicals and Petrochemicals Earnings Up

April 28, 2010

Analysis of:Chemical Earnings Rebound Strongly | www.chemweek.com

It appears that the recession is over, at least for companies involved in the manufacturer of basic chemicals.

Refiners May Be Taking The High Road

April 20, 2010

Analysis of:DownstreamToday.com - News and Information for the Downstream Oil and Gas Industry | www.downstreamtoday.com

Gasoline demand has surged in the past few weeks, according to API reports. Although inventories are still high, demand is pushing refinery utilization to healthier levels.

Can Tesoro Overcome Its Current Struggles?

April 13, 2010

Analysis of:UPDATE 2-Tesoro to shut temporarily shut Anacortes refinery | Reuters | www.reuters.com

Tesoro has suffered a tremendous loss at its Anacortes Refinery. Several other events have occurred recently that will impact the refiner's ability to survive.

How Valero Is Prolonging Refining Industry's Slump

April 12, 2010

Analysis of:Refinery Investor Seeks Hat Trick | www.downstreamtoday.com

The refining industry has been hit hard by the recession. Some capacity needs to be shut down permanently. The opportunity to buy distressed assets at rock bottom prices and put them back into operation will delay the industry's return to significant profitability. Tom O'Malley's purchase of the Delaware City Refinery from Valero is a case in point.

Refiners Return to Profitability (Mostly)

April 9, 2010

Analysis of:Marathon Announces Interim Report for Q1 | www.downstreamtoday.com

Stronger demand for gasoline has allowed margins to recover somewhat, allowing most refiners to return to profitability.

CVR Is A Different Kind of Refiner

March 24, 2010

Analysis of:CVR Energy Launches Private Placement of $250 Million of First Lien Senior Secured Notes and $250 Million of Second Lien Senior Secured Notes | phx.corporate-ir.net

Recently, CVR announced a $250 million debt offering. With the refining industry mired in the biggest slump in decades, CVR is differentiating itself by actually making money.

Honeywell Continues Leadership in Process Automation

March 24, 2010

Analysis of:Honeywell, Shell Enter Technology Contract to Maximize Production | www.rigzone.com

Honeywell and Shell agree to work together on process automation projects worldwide. This is a huge deal involving two of the world's leaders in their respective fields. The agreement comes at a time when Honeywell's dominance in this field is being seriously challenged by competitors such as Emerson and Yokogawa.

US Oil Industry Braces for CO2 Impact

March 13, 2010

Petroleum refiners are beginning to anticipate the impact of climate legislation, but without specific legislation, planning is difficult.

Western Shows Surprising Signs of LIfe

March 4, 2010

Analysis of:Western Reports 4Q2009 Earnings | ir.westernrefining.com

Although 4Q2009 was dismal for almost every independent refiner/marketer, Western surprises.

Refining Recovery Will Happen But Not Yet

February 12, 2010

Analysis of:Refining Outlook Bearish Through 2001 - EIA | www.downstreamtoday.com

EIA projects a long recovery for refining margins.

Tosco Redux - O'Malley Returns