In The News

U.S. oil refiners had another huge year in 2018, averaging 17.3 million barrels per day in refinery runs while its capacity expanded almost 18.6 million barrels per day, according to data compiled by the U.S. Energy Information Administration (EIA).   As the U.S. became the number one producer of petroleum in the world in 2018

An international regulation coming out of the United Nations International Maritime Organization (IMO) would both significantly lower pollution levels being generated by the container shipping industry while also benefitting the U.S. oil refining industry and those who work in it.

Within weeks of the story, trade groups for refiners, oil and gas producers, LNG exporters and steelworkers created the Coalition for American Energy Security to educate White House officials and members of Congress about IMO 2020 and what US industries were already doing to prepare. “As we draw closer to implementation of IMO 2020, it’s

The Coalition for American Energy Security said it believes the rule change provides a big opportunity for U.S. refined product exports and that recent analyses show the U.S. industry is on track to meet demand. “IMO 2020 presents an enormous economic opportunity for the U.S. energy industry and its workers to supply low-sulfur fuels to

Joining the Lloyd’s List Podcast this week is the International Energy Agency’s head of oil markets, Neil Atkinson. While 2020 still looks challenging, he thinks the situation is far more manageable for shipping and refineries than previous forecasts suggested. Looking ahead to the IP Week debates starting Monday, Neil talks to Lloyd’s List editor Richard

Is the looming IMO 2020 deadline for cleaning up marine fuels the Y2K of today’s oil market? The American Fuel & Petrochemical Manufacturers say US refiners are well prepared to meet the stricter sulfur standards by January 1 after having a dozen years to prepare. The group joined the Coalition for American Energy Security last

In an open letter to the Whitehouse today, the recently formed Coalition for American Energy Security (CAES) has called on US authorities for a “timely implementation” of the upcoming IMO2020 rule. “Imposing the standards in a timely manner will serve as a tremendous boost to the United States economy while simultaneously benefiting the environment and

IMO Standards Fuel Debate: The Coalition for American Energy Security will send a letter today to the Trump administration urging it to stay the course and implement the International Maritime Organization’s 2020 standards, which would reduce air pollutants. The coalition was formed in support of the standards and includes manufacturing, shipping and oil and gas

Fortunately, these sudden price hikes aren’t likely. The oil industry has known about the regulation, commonly called IMO 2020, for roughly a decade. Petroleum companies have already upgraded their refineries to meet the coming demand for low-sulfur fuels. A recent report from the U.S. Energy Information Administration suggests that, if the new rules are implemented