Don't miss out on the latest business and technology news for chemical engineers, featuring select items in relation to Fuels & Petrochemicals.
Possible OPEC production increase weighs on oil prices
News that OPEC and Russia may boost oil production caused oil prices to drop the most since July 2017, with West Texas Intermediate for July delivery down 4% to $67.88 on Friday, while Brent for July lost $2.35 to close at $76.44 per barrel.
US was world's top producer of petroleum, gas hydrocarbons in 2017
The US maintained the title of the world's No. 1 producer of petroleum and natural gas hydrocarbons in 2017, as production levels soared to new records, according to the Energy Information Administration. US petroleum production grew by 745,000 barrels per day last year as oil prices rallied to about $65 per barrel, while dry natural gas production was up by 5.7 billion cubic feet per day in the fourth quarter of 2017 compared with the first quarter.
Marathon Petroleum requests exemption from biofuels program
Marathon Petroleum, the second-biggest US refiner, has reportedly applied for a hardship waiver asking the Environmental Protection Agency to exempt one of its facilities from complying with the Renewable Fuel Standard for the 2017 calendar year.
Democratic lawmakers seek to bar drilling in Alaska refuge
A number of House lawmakers, including Reps. Raul Grijalva, D-Ariz., and Jared Huffman, D-Calif., are sponsoring a bill that would overrule Congress' decision to open a portion of Alaska's Arctic National Wildlife Refuge to oil and natural gas drilling.
Tomorrow -- two webinars highlight process intensification; storage vessel failure
Wednesday, May 30, from 11:00 AM - Noon Eastern, AIChE's RAPID Manufacturing Institute conducts its latest webinar, detailing process intensification in the thermodynamics domain, including applications in alternative energy. That afternoon's webinar (2:00-3:00 PM Eastern) is devoted to failure assessment in process and storage vessels exposed to fire, and builds upon a related May 23 webinar. Learn more and register here.
- Log in to post comments