January 2008

Trends and Resources

HP Impact: Refinery conundrum lobs challenges,opportunities at EU

Two decades of poor refining margins precipitated reduced refining capacity in Europe. With claims that a lack of refining capacity contributes to high oil prices, developing the refining industry has..

Weirauch, Wendy, Hydrocarbon Processing Staff

Two decades of poor refining margins precipitated reduced refining capacity in Europe. With claims that a lack of refining capacity contributes to high oil prices, developing the refining industry has increased in political importance. However, calls for greater refinery investment are coinciding with a number of policies that could reduce demand. An outlook by Purvin & Gertz (P&G) has examined where this conflict leaves the European refining industry. Growth of refined product demand is modest in Europe and slowing in North America. P&G forecasts that a slowing of diesel car penetration in some European countries will not stop the decline of gasoline demand. So said Roberto Ulivieri, a pa

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