Australia’s third most populous state, Queensland, will fast-track approvals for Ampol to upgrade one of the two remaining oil refineries in the nation within two years. Acting Premier Steven Miles has declared the stock exchange-listed fossil fuel producer’s upgrade of its ageing Brisbane plant to produce low-sulphur petrol by the end of 2024, when it…
Queensland to Fast-Track Oil Refinery Upgrade
Queensland will fast-track approvals for Ampol to upgrade one of the two remaining oil refineries in the nation within two years. Acting Premier Steven Miles has called in the ASX-listed fossil fuel producer’s application to upgrade its ageing Brisbane plant to produce low-sulphur petrol by the end of 2024 when that becomes mandatory under federal…
Major European Refinery Malfunctions, Worsening Fuel Supply Situation
Shell plc’s Pernis refinery in the Netherlands, the biggest refinery in Europe, has been shut down due to a malfunction, complicating an already tight fuel supply situation in the region. On Oct. 12, the compressor of fluid catalytic cracker unit 2 tripped due to a loss of power supply, Bloomberg reported. The plant, located near…
Industry Insiders on Real Story Behind High Gas Prices: Structural Problems, Hostile Policies, and Inaction
October 5, 2022
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High gas prices in America are caused by a mismatch between U.S. oil production and refining, bad policies or political hostility, and the Biden administration’s inaction, according to experts and oil industry insiders. Inflation in the United States has been running high since March when the yearly Consumer Price Index (CPI) reached 8.5 percent, the…
Newsom Calls for Taxing Oil Companies During Fuel Crisis
October 5, 2022
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Gov. Gavin Newsom is calling on state lawmakers to impose a new tax on oil companies as gas prices continue to escalate in California, but industry experts say the tax would add more cost for consumers and could destabilize oil businesses. Prices at the pump in the Golden State are the highest in the nation,…
California Gas Prices Rise to New Records as Supply Shortages Persist
September 30, 2022
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Refinery shutdowns and production problems across California are causing a spike in the state’s gas prices—as much as 15 cents a day. Californians were paying $6.29 on average, as of Sept. 30, for a gallon of gas—about 66 percent more than the national average of $3.80, according to the Automobile Club of Southern California. Local…
Feds Declare Emergency in 4 States After Oil Refinery Fire in Indiana
The federal government on Aug. 26 declared a regional emergency affecting Illinois, Indiana, Michigan, and Wisconsin, following an “unanticipated shutdown” of an oil refinery in Indiana due to a fire. The fire on Aug. 24 knocked out the electrical power and cooling water systems at BP Whiting in Indiana, causing it to shut down and undergo…
US Shale Producers Seeking to Boost Oil Production Through Re-Fracking
Shale producers in the United States are resorting to “re-fracking” to boost the country’s oil output as well as generate additional profits without having to make significant new investments. Re-fracking refers to the practice of an oil company returning to old shale oil and gas wells that were fracked in the past but are no…
Kuwait Death Toll Raised to 4 in Oil Refinery Fire
DUBAI, United Arab Emirates—The death toll from a fire at a major oil refinery in Kuwait has been raised to four after two critically injured workers died of their wounds, the Kuwait National Petroleum Company said in a statement Wednesday. The fire, which erupted Jan. 14 during maintenance work at the Mina al-Ahmadi oil refinery,…
Scores Evacuated in Fire at Indonesia’s Largest Oil Refinery
JAKARTA, Indonesia—A fire at a gasoline storage at the largest oil refinery on Indonesia’s Java island near Jakarta on Saturday prompted the evacuation of at least 80 residents living nearby, the national oil company Pertamina said. Pertamina, Indonesia’s biggest state-owned enterprise and energy company, said the fire at the Cilacap refinery started at one of…
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