IOC commissions unit at Paradip refinery

Indian Oil Corp. Ltd. (IOC) has started up the 4.27 million-tonne/year INDMAX fluid catalytic cracking (FCC) unit at its recently commissioned 15 million-tpy, full-conversion refinery at Paradip in India’s state of Odisha on the country’s northeastern coast. Source: News

MARKET WATCH: NYMEX crude oil price drops $1/bbl on economic indicators

Light, sweet crude prices for June delivery dropped $1 on the New York market Apr. 21 to settle above $43/bbl, down from the session’s intraday high of $44.49/bbl during a volatile trading day, which traders attributed to economic-related comments and statistics by European and US officials. Source: News

API: Strong US gasoline demand continued in March

Total US petroleum deliveries, a measure of demand, gained 0.4% in March from the same period last year to average 19.3 million b/d, the American Petroleum Institute said. These were the highest March deliveries since 2008. Source: News

Politics hamper new gas pipeline permitting, API official says

US Senate passage of a broad bipartisan energy with language to expedite federal approvals of LNG export projects was a significant step, an American Petroleum Institute official said. But states also need to help remove politics from what should be a straightforward process for gas pipelines as well as LNG export installations, API Executive Vice-Pres. […]