One of the societal byproducts of the COVID-19 pandemic has been an increased emphasis on technology to meet changing needs, and the fuel and petrochemical industries are no exception to that trend.
The cost of Renewable Fuel Standard (RFS) compliance credits, specifically D6 renewable identification numbers (RINs), is out of control. Sales of D6 RINs for conventional ethanol recently registered above $1.90 (the highest trades in history).
Refineries are not the story when it comes to retail gasoline prices. Raw materials (in this case crude oil) account for the biggest share of the final price consumers pay.
North America’s Building Trades Unions (NABTU) surveyed energy industry workers and examined existing BLSA data, and discovered several notable takeaways.
Beyond digitization (converting analog information to digital) and digitalization (the technology-driven shift to business processes) lies digital transformation.
By mid-January, news sources have thoroughly exhausted reports on American’s Yuletide spending and attention inevitably turns to the day of reckoning: Tax Day.
First commissioned a century ago, the Toledo, Ohio, refinery has long supplied gasoline and other products that fuel the region’s economy and communities.
Right now, members of Congress are debating a series of taxes as part of the multi-trillion-dollar reconciliation package that could make the crude oil that runs through U.S. refineries more expensive.