Crude oil
HP Global: 2015 outlook for oil price and its refining sector implications
What is the oil price outlook for the next 12 months? As of early January, the price of Brent has effectively halved compared to the 2014 summer peak, similar to the price collapse of 2008. However, u..
HP News
Qatar Petroleum and Shell cancel $6.5-B petrochemical project in Qatar Royal Dutch Shell and Qatar Petroleum (QP) have canceled the $6.5-B Al-Karaana petrochemical project in Qatar, which will signifi..
HP Industry Metrics
Mid-January saw the continued decline of monthly average Brent crude oil prices, which fell $17/bbl from November to a monthly average of $62/bbl. The continual price decrease reflects US tight oil pr..
Chemicals group Huntsman sees better business from lower oil prices
"In an environment where oil prices are sustainably low, Huntsman will emphatically be a beneficiary over the long term," the CEO said. "Many of our raw materials are derived from the oil refining process."
Maximize LPG recovery from fuel gas using a dividing wall column
Refiners are challenged to recover LPG from mixed fuel gas streams due to the difficulty of separating the lighter components from bulk gas. To maintain profitability, it is essential to direct all of the crude oil components to the optimum disposition. This practice is becoming more significant due to increasing LPG demand in some countries and the supply of lighter crudes in countries such as the US.
Shale gas drives new opportunities for US downstream
This shift to lighter feeds for the SC will reduce the future availability of other petrochemical feedstocks—in particular, propylene.
HP Editorial Comment: Alternative energy?
Alternative energy is a point-of-reference term. Natural gas is an alternative energy resource for transportation fuels. As more natural gas resources are developed, natural gas is displacing coal as ..
HP Industry Perspectives: Keystone XL: It is time to move forward, Mr. President
In a media call, the American Petroleum Institute (API) president and CEO Jack Gerard emphasized that it is time for the Keystone XL pipeline to move forward, and he requested urgent action by Preside..
HP Industry Metrics
Recent declines in oil pricing and the associated volatility in future pricing has created a difficult forecasting environment. Other factors are causing deviations, especially with regard to the resp..
US petroleum demand surges to seven-year high
According to API’s November monthly statistics report, total US petroleum deliveries increased 1.9% from November 2013 to average 19.9 MMbpd, the highest level for the month in seven years.
- Update: Russian oil supplies to Slovakia may resume as soon as today 8/25
- Indonesia urges EU to remove biodiesel import curbs after WTO ruling 8/25
- Liquid Sun launches eSAF production pilot with ABB, Finnair, Fortum and Finavia 8/25
- Novatek to reduce naphtha exports due to fire at Ust-Luga complex 8/25
- China's Sinochem to sell two bankrupt refineries to local operators 8/25
- Iraq raises refining capacity to 1.3 MMbpd 8/25
