Diesel
Viewpoint: Reducing the sulfur shadow— Who pays the price?
The International Maritime Organization’s (IMO’s) 2020 regulation has been described as the most disruptive change to impact the oil industry in the past 30 yr.
Risk: Measuring margins—Avoiding complacency when the market is stable
When top oil marketer Geneva Energy Markets LLC liquidated its trading book holding<sup>1</sup> “millions of barrels of open interest across crude oil, refined products and natural gas,” managing partner Mark Vonderheide emphasized the pressures and potential damage of new market regulations.
Industry Perspectives: Refining’s real growth is through secondary unit capacity
According to multiple industry reports, the global refining sector will add between 7 MMbpd and 8 MMbpd of new crude distillation unit (CDU) capacity by the early 2020s.
Industry Metrics
US margins recorded losses as crack spreads declined for all products except fuel oil, despite lower refinery crude intakes.
Refining: Chinese refining industry eyes production cuts, consolidation
The Chinese refining industry is on the verge of massive production cuts and consolidation. A new tax rule aimed at curbing alleged tax evasion by independents and the end of an era of liberalization in the industry are driving the downsizing.
Technical considerations for the Heydar Aliyev refinery revamp
The following case study describes the early development phases of SOCAR’s ongoing major revamp project at the Heydar Aliyev Refinery (HAR) in Baku, Azerbaijan, and its interface with the associated Azerikimya (AZK) steam cracking complex near Sumgait. References are made to the related SOCAR polymer project in Sumgayit, as well.
Industry Metrics
With the exception of fuel oil, US product markets showed losses against pressure from across the barrel and high crude oil prices.
Hydrocarbon Processing Awards
<i>Hydrocarbon Processing</i>, the downstream processing sector’s leading technical publication, has announced the finalists for its second annual awards.
Viewpoint: Toward a world of cleaner fuels
Fuel is a necessary requirement of global economic development.
Viewpoint: Electric vehicles vs. the perfect battery
It is no surprise that electric vehicles (EVs) are getting a lot more attention, now that carmakers have announced plans to increase production of them.
- Carbon capture tops agenda at GPAE Conference 2025 6/17
- INEOS to cease phenol production at German site, cites high European energy costs and CO2 tax policy 6/17
- Petrobras signs $892 MM in contracts to complete RNEST Train 2 refinery expansion 6/17
- China's May refinery throughput at 9-month low on plant overhauls (1) 6/17
- bp completes turnaround work at 250,000-bpd refinery in Washington (U.S.) 6/17
- Japan's Eneos restarts 77,000-bpd Kawasaki CDU after unplanned shutdown 6/17
