Economics
Construction—The cornerstone of a successful project
Construction is essentially a cyclical business.
Russian minister says OPEC oil deal hurting domestic economy
MOSCOW (Reuters) — Russia's economic growth in October was negatively affected by a global deal between members of OPEC and Russia to curb crude oil production, Russia's economy minister said on Thursday.
Unipec, Vitol place lowest offers in Bangladesh oil import tender
SINGAPORE/DHAKA (Reuters) — Oil traders Unipec and Vitol placed the lowest offers in a tender by Bangladesh Petroleum Corp to buy up to 1.27 MMt of oil products for import in the first half of 2018, three industry sources said on Tuesday.
Sri Lanka fuel shortage to end on Nov. 9
COLOMBO (Reuters) — Sri Lanka's fuel shortage will end on Nov. 9, Petroleum Minister Arjuna Ranatunga said on Monday, as state-run oil retailer Ceylon Petroleum Corporation (CPC) and Lanka IOC traded blame charges over the shortage.
Industry Metrics
The global middle distillate market continued to improve on healthy demand and depleted stocks amid regional maintenance, while the bottom of the barrel saw pressure due to low demand and high inventory levels in Asia and Europe.
Business Trends: Preparing for a sea change in global refining
The global oil refining industry has been buffeted by many events in recent years.
Global: Russia’s plan to dominate fuel supply to Asia
Russia hopes to become a major supplier of gasoline, diesel fuel and other oil products to the Asia-Pacific region during the next several years, with help from the planned launch of large-scale refineries in the Far East that will be built with the participation of Asian investors.
Operations: Maximizing the opportunity of discounted crudes
As the oil and gas industry adjusts to a business environment in which crude oil prices will likely remain lower for longer, refiners continue looking for ways to maximize their profitability.
Editorial Comment: Ingenuity out of necessity
One of the main focal points in this issue of Hydrocarbon Processing is the environment.
Demystify hazardous area classification and compliance assessments
As safety becomes increasingly paramount at hydrocarbon processing facilities, so too does the importance of addressing and clarifying the confusion associated with hazardous area classification (HAC) assessments and compliance auditing in Class 1 locations.
- China's first coal-to-chemicals project with green hydrogen starts commercial operations 11/20
- Norsk e-Fuel and Braskem partner to turn captured carbon into long-lasting products 11/20
- Nigeria's Dangote refinery delays CDU maintenance to end of January 2026 11/20
- Technimont attends ground-breaking ceremony of Tengiz Gas separation Complex in Kazakhstan 11/20
- 42% of U.S. energy/critical infrastructure providers exposed to weaponized AI and email attacks 11/20
- EIA: U.S. crude stocks fall on higher demand, fuel inventories rise 11/20
