Diesel
Europe’s downstream industry remains resilient
The European hydrocarbon processing industry (HPI) is a complex set of refineries and petrochemical facilities distributed among several nations, all of which are critical to the international trading and economy of the EU.
HP Industry Metrics
US refinery utilization rates have returned to summer operating levels. Crude oil pricing supports higher cracking margins for gasoline in US and European markets. Asian margins fell as increasing sup..
Pembina to provide terminal services for new Canada diesel refinery
The terminalling services will be provided by Pembina to North West under a 30-year fixed return agreement and a 10-year natural gas liquids (NGL) mix purchase and sale agreement related to the third fractionator Pembina is constructing at its Redwater site.
China’s CNOOC begins exports of gasoline, diesel
China National Offshore Oil Corp (CNOOC) has received government approval to begin international exports of diesel and gasoline cargoes in early May.
Calumet, MDU launch operations at new North Dakota diesel refinery
The refinery is designed to process 20,000 bpd of locally sourced Bakken crude oil, resulting in a production slate that includes up to 7,000 bpd of diesel fuel that will be sold to regional customers.
The Middle East’s strategic expansion of refined products exports
Already a leader in crude oil exports, the Middle East is making a deliberate move to increase its participation in the refined and petrochemical products markets. It is likely that the ME will continue to add downstream projects. Refining capacity will center on domestic demand and export opportunities to Asia-Pacific and Europe.
HP Editorial Comment: Change is redefining the petrochemical industry
The petrochemical industry is embracing more “change” that is largely due to the recent drop in crude oil prices.
HP Industry Metrics
Global product markets and refinery margins, particularly in the US, have seen steady improvement since January. Worldwide gasoline demand has soared in recent months in both OECD and non-OECD regions..
US crude output rose to 42-year high in March
March inventories are at the highest level in 85 years, and the production of natural gas liquids also set a record for the month.
HP Industry Metrics
US commercial crude oil inventories are at elevated levels and are expected to increase. Lower crude oil prices have supported consumption in developed economies, removed budgetary constraints in emer..
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- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Addis Energy secures $8.3 MM to scale its transformative approach to low-cost ammonia production 12/5
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- Russia and India sign deal to build urea plant in Russia 12/5
