U.S. Refiners

EIA refinery predictions match those of AFPM members

The Energy Information Administration released a report this week saying there are “several different ways” U.S. refineries can handle the higher volume of domestic crude, brought about through the shale revolution: a viewpoint AFPM has long held and voiced through...

/ April 7, 2015

Oil export amendment in Keystone bill: not the time or place

As reported in Energy & Environment Daily (among others), Senator Ted Cruz (R-TX) has said he would like to slip in an amendment to the upcoming Keystone XL bill which would lift the U.S. crude oil export ban-although many Republicans feel now is...

/ January 13, 2015

RFS Uncertainty: RINs and Repeat

Since mid-November, the price of RINs has risen significantly. According to OPIS, as of January 6, biodiesel RINs (D4) were more than $1—which was almost double their price in mid-November. And ethanol RINs (D6) increased to 87.5 cents, up from about...

/ January 7, 2015

Scuppering U.S. Refiners: Why The Jones Act No Longer Applies

When it was enacted in 1920, the Merchant Marine Act—aka the Jones Act—probably seemed like a good idea. At the time, it was necessary for national defense and commerce development purposes. But a lot has changed in the 94 years...

/ December 8, 2014