Crude oil
OPEC to hold crude production at current levels despite falling oil prices
During a press conference, the 12-nation cartel announced that the group will maintain the 30-MMbpd crude oil production level for the next six months.
US snow may delay oil shipments to East refiners
East coast refiners may see delays in Bakken oil supplies
Manage the impacts of high-solids crude oil more effectively
Solids in crude oils present refiners with many challenges. Processing higher-solids-content crude oils increases the need for the management of such solids even more. The Canadian Association of Petr..
HP Global: European refining—Cornered, with no way out?
2013 was a dismal year for European refining in terms of record low crude runs, which reflect weaked demand outlook and increasing competition from other regions. Out to 2020, we envisage European ref..
HP News
EPA: GHG emissions from refineries increase 1.6% in 2013The US Environmental Protection Agency (EPA) has released its fourth year of GHG data, with over 8,000 large facilities reporting 2013 emissions..
HP Industry Metrics
Mid–October crude oil prices slumped as the International Energy Agency (IEA) announced a slight increase in global oil demand by 700 Mbpd. In contrast, oil production is forecast to increase by ..
Phillips 66, Energy Transfer to transport Bakken crudes to US refiners
Phillips 66 has formed a JV to help Energy Transfer Partners build a pipeline that will transport 450,000 bpd of North Dakota Bakken crude oil to the Midwest.
HP Global: Asia-Pacific’s refining industry entering a low-margin cycle
The global refining industry is struggling with overcapacity even after the closure of 3.5 MMbpd of capacity since 2011. Accordingly, global refining margins are expected to weaken in the coming years..
HP Industry Metrics: Industry Metrics
According to the International Energy Agency’s August Oil Market Report, 2014 global oil demand has stalled. The International Monetary Fund (IMF) revised down its forecast for global economic gr..
HP Industry Perspectives: More waves for marine fuels
The outlook for heavy fuel oil is not optimistic. New fuel specifications for marine bunker fuels under the International Convention for the Prevention of Pollution from Ships (MARPOL) Annex VI regula..
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