Petroleum products

ICE Announces Rapid Growth in Marine Fuel and Wet Freight Complex a Year on From IMO 2020

Retrieved on: 
Thursday, February 25, 2021
Professional services, Maritime, Oil, Gas, Transport, Energy, Finance, Banking, Petroleum products, Liquid fuels, Financial markets, Fuel oil, Futures contract, Hedge, Chemical substances, Finance

Since February 2019, ICE has launched a series of cash settled Marine Fuel products which settle against the S&P Global Platts physical Marine Fuel 0.5% assessments, including a further 15 contracts which launched in December 2020.

Key Points: 
  • Since February 2019, ICE has launched a series of cash settled Marine Fuel products which settle against the S&P Global Platts physical Marine Fuel 0.5% assessments, including a further 15 contracts which launched in December 2020.
  • In an increasingly volatile pricing environment globally, companies are choosing to hedge their underlying exposure to marine and freight markets.
  • Customers are trading ICE Marine Fuel contracts as outright futures, time spreads, differentials to High Sulphur Fuel Oil, Brent, or Low Sulphur Gasoil.
  • So called 5GOs - where customers trade 0.5% Marine Fuel Differentials to ICE Low Sulphur Gasoil - are increasingly used.

Evolution of Electric Vehicles Transforming the Global Automotive Lubricants Industry, 2021 Report - ResearchAndMarkets.com

Retrieved on: 
Wednesday, February 24, 2021
Chemicals, Plastics, Energy, Manufacturing, Oil, Gas, Petroleum products, Tribology, Lubricant, Electric vehicle, Motor oils

The "Evolution of Electric Vehicles Transforming the Global Automotive Lubricants Industry" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Evolution of Electric Vehicles Transforming the Global Automotive Lubricants Industry" report has been added to ResearchAndMarkets.com's offering.
  • This report tracks the industry's transformation and seeks to identify future opportunities that exist for lubricant manufacturers.
  • The study analyses the change in the product landscape because of the high growth of electric vehicles (EVs) and variants in the automotive industry.
  • Global Automotive Lubricants Market-2018 Drivers vs. Current Status
    Global Automotive Lubricants Market-2018 Restraints vs. Current Status

Fuel Company Delivers Emergency Fuel After Power Outages in Texas

Retrieved on: 
Monday, February 22, 2021
Liquid fuels, Petroleum products, Energy development, Articles, Gasoline, Inhalants, Federal Emergency Management Agency, Energy, Fuels, Green vehicles

Initially dispatching around two dozen trucks, the count has grown to more than 110, delivering diesel fuel and gasoline after an emergency fuel activation from FEMA.

Key Points: 
  • Initially dispatching around two dozen trucks, the count has grown to more than 110, delivering diesel fuel and gasoline after an emergency fuel activation from FEMA.
  • Since the storm devastated access to local fuel reserves within Texas, Foster has been sourcing fuel from 12 states, as far away as Utah and Ohio.
  • So far, Foster has dispensed around 500,000 gallons of fuel.
  • Foster Fuels operates an award-winning emergency fuel division specializing in business continuity and disaster recovery solutions.

Diesel Power Called Up to Aid Texas Electric Power Crisis, Storm Recovery

Retrieved on: 
Thursday, February 18, 2021
Petroleum products, Fuels, Diesel engines, Diesel locomotive, Diesel, Ultra-low-sulfur diesel, Energy

Diesel power plays a critical role in protecting public health and safety during critical weather events.

Key Points: 
  • Diesel power plays a critical role in protecting public health and safety during critical weather events.
  • Diesel stands ready to work to help Texas and the Southwest keep running during this winter storm emergency.
  • The Diesel Technology Forum is a not-for-profit organization dedicated to raising awareness about the importance of diesel engines, fuel, and technology.
  • Get it all by subscribing to our newsletter Diesel Direct for a weekly wrap-up of clean diesel news, policy analysis and more, direct to your inbox.

HollyFrontier Corporation Announces Regular Cash Dividend

Retrieved on: 
Wednesday, February 17, 2021
Oil, Gas, Energy, Petroleum products, HollyFrontier, Tribology, Physical sciences, Chemistry, Gasoline, Oil, Lubricant, Materials

HollyFrontier Corporation (NYSE: HFC) ("HollyFrontier") announced today that its Board of Directors declared a regular quarterly dividend in the amount of $0.35 per share, payable on March 10, 2021 to holders of record of common stock on March 1, 2021.

Key Points: 
  • HollyFrontier Corporation (NYSE: HFC) ("HollyFrontier") announced today that its Board of Directors declared a regular quarterly dividend in the amount of $0.35 per share, payable on March 10, 2021 to holders of record of common stock on March 1, 2021.
  • HollyFrontier Corporation, headquartered in Dallas, Texas, is an independent petroleum refiner and marketer that produces high value light products such as gasoline, diesel fuel, jet fuel and other specialty products.
  • In addition, HollyFrontier produces base oils and other specialized lubricants in the U.S., Canada and the Netherlands, and exports products to more than 80 countries.
  • HollyFrontier also owns a 57% limited partner interest and a non-economic general partner interest in Holly Energy Partners, L.P., a master limited partnership that provides petroleum product and crude oil transportation, terminalling, storage and throughput services to the petroleum industry, including HollyFrontier Corporation subsidiaries.

Petrogress Inc., entered into a partnership with B&Crew Anchor Ltd., to lift 600,000 bbls monthly petroleum products for Dangote Oil Refinery;

Retrieved on: 
Tuesday, February 16, 2021
Natural gas, Petroleum products, Process engineering, Chemistry, Downstream, Oil refining, Petroleum industry, Petroleum production, Naphtha, Chemical engineering

(PCL), on February 10th 2021, entered into partnership agreement (PSA) with B&CREW ANCHOR INVESTMENT NIG LTD. (BCAI).

Key Points: 
  • (PCL), on February 10th 2021, entered into partnership agreement (PSA) with B&CREW ANCHOR INVESTMENT NIG LTD. (BCAI).
  • The COA consists to the sea-carriage of 600k -plus- barrels of crude oil and refined petroleum products monthly, under PCLs management tankers fleet.
  • The downstream segment comprises of refining of crude oil into petroleum products as well as marketing of crude oil and refined products of Gas Oil, Naphtha, Fuels and lubricants.
  • All of Petrogress' forward-looking statements are expressly qualified by all such risk factors and other cautionary statements.

Global Industrial Lubricants Markets Report 2020-2025: Shift Towards Synthetic and Bio-based Industrial Lubricants Shrinking Overall Demand for Industrial Lubricants

Retrieved on: 
Friday, February 12, 2021
Petroleum products, Tribology, Lubricant, Motor oils

It offers an overview of the global market for industrial lubricants and analyzes global market trends, considering the base year of 2019 and estimates for 2020 and 2025.

Key Points: 
  • It offers an overview of the global market for industrial lubricants and analyzes global market trends, considering the base year of 2019 and estimates for 2020 and 2025.
  • The report concludes with a special focus on the vendor landscape and includes detailed profiles of the major vendors in the global market for industrial lubricants.
  • This report covers the technological, economic and business considerations of the industrial lubricants industry with analyses and forecasts provided for global markets.
  • Global markets are presented by base oil, product type and end-use industry of industrial lubricants, along with growth forecasts through 2025.

DGAP-News: FUCHS strengthens presence in Vietnam through joint venture

Retrieved on: 
Tuesday, February 9, 2021
Motor oils, Fuchs, Tribology, Economy of Germany, States of Germany, Petroleum products, Baden-Württemberg, Lubricant, Mannheim, Pentosin

The following information is available online:

Key Points: 
  • The following information is available online:
    The FUCHS Group develops, produces and markets high-grade lubricants and related specialties for virtually all industries and areas of application.
  • Formed in Mannheim in 1931, the Group employs almost 6,000 people worldwide at 62 operating companies.
  • FUCHS is the world's largest independent lubricant manufacturer.
  • This press release contains statements about future developments that are based on assumptions and estimates by the management of FUCHS PETROLUB SE.

Biosynthetic Technologies Receives Provisional AEGIR-Marine Approval For Its Biobased Biosynthetic® VGP Compliant ISO 68 Hydraulic Fluid

Retrieved on: 
Tuesday, February 2, 2021
Tribology, Hydraulics, Hydraulic fluid, Petroleum products, Lubricant, Mechanical engineering, Physical sciences, Chemistry, Motor oils

INDIANAPOLIS, Feb. 2, 2021 /PRNewswire/ --Biosynthetic Technologies today announced it has been awarded the provisional AEGIR-Marine approval for its Biosynthetic ISO 68 hydraulic fluid specifically manufactured for marine applications.

Key Points: 
  • INDIANAPOLIS, Feb. 2, 2021 /PRNewswire/ --Biosynthetic Technologies today announced it has been awarded the provisional AEGIR-Marine approval for its Biosynthetic ISO 68 hydraulic fluid specifically manufactured for marine applications.
  • To showcase the efficacy and superior performance characteristics of these base oils, Biosynthetic Technologies has developed an ISO 68 marine hydraulic fluid that is sustainable, biobased, and VGP compliant.
  • "We are proud to report that our biobased, VGP compliant marine hydraulic fluid has received provisional AEGIR-Marine approval, indicating that AEGIR's Prime seals and Biosynthetic Technologies' lubricants are compatible," said Dr. Matt Kriech, COO of Biosynthetic Technologies.
  • AEGIR-Marine's static compatibility tests found compatibility between the Prime seals Biosynthetic ISO 68 Hydraulic Fluid lubricant.

CW Petroleum Corp (CWPE): Announce 2021 Renewable Fuels Initiative

Retrieved on: 
Tuesday, January 26, 2021
Fuels, Liquid fuels, Petroleum products, Energy, Chemical substances, Biofuels, Sustainable technologies, Biodiesel, Renewable fuels, Ethanol fuel, Vegetable oil refining, Diesel fuel

Katy, Texas, Jan. 26, 2021 (GLOBE NEWSWIRE) -- CW Petroleum Corp (OTCQB: CWPE), announce today the companys 2021 busines plan targets growth in Renewable Fuels.

Key Points: 
  • Katy, Texas, Jan. 26, 2021 (GLOBE NEWSWIRE) -- CW Petroleum Corp (OTCQB: CWPE), announce today the companys 2021 busines plan targets growth in Renewable Fuels.
  • The company has plans for its Green Renewable Fuels Program to increase its sales and deliveries of Biodiesel, Renewable Diesel Fuel and Renewable Gasoline.
  • Its long-term approach is to acquire or build out convenient stores where it can offer several renewable fuel options direct to consumers.
  • CW Petroleum Corp supplies and distributes Biodiesel, Biodiesel Blends, Ultra Low Sulfur Diesel Fuel, Regular Gasoline, and a Proprietary EPA Approved Reformulated No Ethanol Gasoline to distributors, retail stations, marinas and end-users.