BP sells petrochemicals arm for $5 billion

BP has agreed to sell its global petrochemicals business to billionaire Jim Ratcliffe’s Ineos for $5 billion, pulling out of a sector widely seen as… Read more »

Wyoming refinery switching to 100% biodiesel production

The Holly Frontier refinery in Cheyenne, Wyoming will be switching over from crude oil refining to biodiesel production by 2022. Read more about this upgrade… Read more »

Refined oil products consumption is WAY down

The amount of refined products that refineries are producing today is down due to the stay-at-home policies caused by the covid-19 pandemic. These are world-wide… Read more »

Low-demand jet fuel is being re-refined into higher-profit diesel

Because airlines are making 95% fewer flights today than they were at the start of the year, oil refineries have a glut of jet fuel…. Read more »

Low oil prices!

Never before have oil prices fallen into negative numbers. Production, consumption, storage space, and political instability combine to form the perfect storm. Read more about… Read more »

Corona virus upsets refinery maintenance and turnarounds

According to Reuters, the spread of the corona virus has had a major impact on the completion of new construction, regular maintenance and turnarounds at… Read more »

Oil prices hit new lows

The effects of corona virus quarantines causing low oil demand and the current oil price war has dropped oil prices to between $20-25 per barrel… Read more »

The new normal in the oil patch

The one-two punch of falling oil prices & corona virus has resulted in a new-normal way of doing business in the oil patch. Read more… Read more »

Shell to sell Anacortes Oil refinery

Shell is selling two of its oil refineries. The Anacortes, WA oil refinery is where AIS first started back in 1995.  Read more about this… Read more »

After big fire and bankruptcy, PES refinery to be scrapped.

PES refinery was once the largest refinery on the east coast. Now after a major fire and bankruptcy the site will be cleared for multiple-use… Read more »