Natural Gas
Industry Metrics
All main US products performed positively as refinery product outputs declined considerably and led to a fall in inventory levels, fueling bullish sentiment.
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The 19th International Conference and Exhibition on Liquefied Natural Gas (LNG2019), presented by the International Gas Union (IGU), Gas Technology Institute (GTI) and the International Institute of Refrigeration (IIR), is the premier LNG event conducted by the industry for the industry.
Industry Metrics
In the US, soaring gasoline stocks and poor fuel oil performance were offset by strong heating oil demand and higher product prices caused by weather-related refinery outages.
Europe: Russian petrochemicals industry on the verge of large-scale growth
The Russian government has announced its plan to increase the volume of support for its domestic petrochemicals industry over the next several years, with the aim of doubling its production and boosting exports, according to Russian Minister of Energy Alexander Novak and the press service of the Russian Presidential Administration.
Industry Metrics
US refinery margins saw losses as product stocks rose, pressured by seasonally lower gasoline demand and subdued heating oil requirements.
Editorial Comment: The materials that advance modern life
Refineries and petrochemical plants contain some of the harshest environments on the planet.
Welded plate heat exchangers cut refinery process costs—Part 1
Plate and frame (P&F) heat exchangers were first manufactured 100 yr ago for use in the dairy industry.
Global Project Data
<i>Hydrocarbon Processing’</i>s Construction Boxscore Database is tracking more than 1,300 active projects in the hydrocarbon processing industries worldwide.
Editorial Comment: IRPC EurAsia—A roadmap to advancing ideas
According to the editors of <i>Hydrocarbon Processing,</i> the downstream processing industry will witness substantial growth in new refining, petrochemical and gas processing/LNG capacities over the next several years.
Industry Metrics
US markets weakened despite positive performance at the middle of the barrel due to considerable gasoil and jet/kero inventory drawdowns.
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
- U.S. liquid fuels groups announce progress on E15, small refinery exemption reform 12/5
- Million Air and Avfuel bring SAF to Austin, Texas (U.S.) 12/5
- Chinese refiners buy oil from storage, raise output with fresh import quota 12/5
