US Refiners Archives - Maritime Shipping News

US Refiners Cut Back Imported Crudes for Local Barrels!

29 May 2020

Flattening contango increases crude cargo availabilities supporting margins.
Economics dictate the buying of more local barrels, helping them cut higher working capital costs associated with imported crudes.
Waterborne crude imports have been declining for several years as North American crude production has risen.

US refinery margins gained traction last week, led by rising gasoline and diesel demand as regions reopened from coronavirus lockdowns – and just in time to refine April’s flotilla...

https://mfame.guru/us-refiners-cut-back-imported-crudes-for-local-barrels/

Valero Energy Predicts Favorable Market Conditions for Gasoline and Distillate Cracks

29 October 2019

Valero expects gasoline and diesel cracks to maintain in the fourth quarter the upward momentum seen at the end of the third quarter as the IMO 2020 deadline nears, reports Platts and Reuters.

IMO regulatory standards

“We expect to see continued product strength with inventories at lower levels and sour crude weakness resulting from the IMO low-sulfur fuel oil mandate, which goes into effect on January 1, 2020,” Chief Executive Joe Gorder said in a statement.

U.S. refiners have been revamping...

http://mfame.guru/valero-energy-predicts-favorable-market-conditions-for-gasoline-and-distillate-cracks/

Will IMO2020 Benefit U.S Oil Refiners?

12 August 2019

Ship Implementation Plan is required for IMO 2020 compliance.
Tank cleaning and fuel oil changeover are complex activities.
Ship owners turn tanks in 3Q and 4Q 2019.
Complex refiners such as Valero will begin to benefit in 2019.

An article in Seeking Alpha reports how the U.S oil refiners will be benefited from IMO 2020.

IMO 2020 Recommendations

From January 1, 2020, the International Maritime Organization (IMO) will limit the sulfur in fuel oil used on board ships operating outside designated...

http://mfame.guru/will-imo2020-benefit-u-s-oil-refiners/