Refinery margins in the U.S. Atlantic basin rebounded. Deeper refinery intake cuts, as well as the low feedstock price environment, helped offset unappealing demand-side signals.
The consistent global trend toward improvements in air quality and tighter regulations on emissions, as well as the International Maritime Organization’s shipping regulations, continue to mitigate sulfur levels—not only in conventional transport fuels (petrol and diesel), but also in jet fuels, fuel oils and other heavier distillates.
A diesel hydrotreater (DHT) is a critical unit within an oil refinery. A DHT processes the diesel range fractions obtained from different units of the refinery—such as from the crude distillation unit and the delayed coker unit—to adhere to diesel fuel market specifications.
Refinery margins came under added pressure, affected by the downturn in product consumption inflicted by COVID-19 pandemic lockdowns.
Rovuma LNG, a JV comprised of ExxonMobil, Eni and China National Petroleum Corp., will likely delay its final investment decision (FID) on the group’s $30-B Mozambique LNG project.
An innovative refinery process arrangementa converts butane-rich, light paraffinic streams—preferably containing a high proportion of isobutane—into butylene by dehydrogenation.
India, which is the third-largest economy in the world, is home to nearly 18% of the world’s population (nearly 1.4 B).
Chung, W., Well Resources Inc.;
Zhang, R., Beijing Zhongshi Aojie Petroleum Technology Co.;
Song, D., PetroChina Harbin Petrochemical Co.
Market and regulatory factors are pressuring refiners to adopt safe and sustainable processes for the production of clean-burning and environmentally friendly fuels.
High product inventory levels and weak heating oil demand continued to weigh on U.S. refining economics. European product markets, except gasoil, exhibited positive performance backed by firm exports and heavy turnarounds in the Middle East.
Nigeria LNG (NLNG), a consortium comprised of Nigerian National Petroleum Corp. (NNPC), Shell, Total and Eni, has greenlighted the expansion of the Bonny Island LNG terminal.