April 2010

Trends and Resources

HP Impact: OPEC's perspective on global refining operations

Looking for some intel on how refiners are faring in 2010? OPEC published a report in March that pulled numbers up to the end of February and extrapolated them out to make some predictions about the f..

Thinnes, Billy, Hydrocarbon Processing Staff

Looking for some intel on how refiners are faring in 2010? OPEC published a report in March that pulled numbers up to the end of February and extrapolated them out to make some predictions about the future. "Continuation of cold weather along with the refinery strike in France and lower crude prices, provided support for refining margins in February. Seasonal refinery turnarounds and continuation of discretionary run cuts have also contributed to positive developments in the product markets," OPEC said. "With the approaching end of winter season and the lack of robust demand for major products, product market sentiment is not expected to improve significantly in the near future. This situat

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