Hundertmark, T.,
Mayer, M.,
McNally, C.,
Simons, T. J.,
Witte, C., McKinsey & Co.
If plastics demand follows its current trajectory, global plastics-waste volumes would grow from 260 MMtpy in 2016 to 460 MMtpy by 2030, taking what is already a serious environmental problem to a new level.
All main US products performed positively as refinery product outputs declined considerably and led to a fall in inventory levels, fueling bullish sentiment.
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.
US refinery margins saw losses as product stocks rose, pressured by seasonally lower gasoline demand and subdued heating oil requirements.
US markets weakened despite positive performance at the middle of the barrel due to considerable gasoil and jet/kero inventory drawdowns.
The Buncefield explosion in the UK was the worst post-World War 2 fire/explosion incident.
The global hydrocarbon processing industry (HPI) continues to expand and modernize to efficiently meet growing demand for energy, transportation fuels and petrochemicals.
In 2020, new International Maritime Organization (IMO) marine fuel regulations will go into effect.
Russia plans to significantly increase its oil products to foreign markets, despite the ongoing pressure of Western sanctions and the complex situation in the country’s domestic refining industry, according to recent statements by representatives of Russia’s leading oil corporations and senior officials of the country’s Ministry of Energy.