April 2006

Trends and Resources

HP Impact: HPImpact: Competitive demands, public expectations ratchet up for refiners

Exceptional oil consumption and the resulting high prices have put refining firmly in the public spotlight. Competitive demands and public expectations are both increasing, according to in a recent ou..

Weirauch, Wendy, Hydrocarbon Processing Staff

Exceptional oil consumption and the resulting high prices have put refining firmly in the public spotlight. Competitive demands and public expectations are both increasing, according to in a recent outlook presented by Lynn Elsenhans, executive vice president, Royal Dutch Shell, in addressing a forum of worldwide downstream participants. Oil markets have not been "business as usual" over the past couple of years, notes Ms. Elsenhans. Oil demand growth in 2004 was more than twice the average over the previous eight years. The years 2004 and 2005 were exceptional for global refining margins (Fig. 1). This followed a prolonged period when they were sometimes very low. The business climate r

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