December 2015

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HP Viewpoint: Interesting times to continue for refiners in 2016

A year ago in this publication, John England and Ashnu Mittal were prescient in their article titled “US shale revolution set to spill over into downstream.”

Vaineri, H., Vainieri Consulting

A year ago in this publication, John England and Ashnu Mittal were prescient in their article titled “US shale revolution set to spill over into downstream.”1 US refiners have indeed benefited from the low oil prices caused by the large increase in tight oil production. However, somewhat of a surprise is the fact that refiners in other global centers have also improved their fortunes, making 2015 a good year for the refining industry across the board. It is now time to shift our attention to the coming year. As we prepare to celebrate New Year’s Eve and look back on 2015, we will definitely say that this year brought interesting times for refiners. Will those interesting times continue in 20

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