Crude oil
Oil rally to resume later this year, demand to offset glut
Oil analysts still expect a rise in the crude price this year, thanks to improving demand growth that should help offset any bearish headwinds from a stubborn supply surplus.
Oil steadies just above three-month lows on oversupply
Oil prices steadied just above three-month lows as producers continued to pump more than needed, filling inventories, and economic growth prospects darkened.
Oil falls towards $44, lowest since May, on glut worries
Oil hit its lowest since May, falling towards $44/bl, pressured by concerns that a long-awaited rebalancing of the market would be delayed due to excess supply.
Secure the best benefit from C4 hydrocarbon processing—Part 2: Economic evaluation
Summarizing the outcome of the technical evaluation in Part 1 of this technical study, a tailor-made process route should be chosen for proper C<sub>4</sub> hydrocarbon processing to obtain the best benefits from case to case.
Catalytic advances make chemical upgrading a reality for heavy sour feeds
For many years, industry researchers have worked to find more cost-effective alternative processes than traditional hydroprocessing for upgrading petroleum fractions.
Industry Metrics
The impact of Canadian and French refinery outages caused margins to fall slightly in the Atlantic Basin and Europe, despite stronger gasoline demand and higher inventories.
Refining: Tackle operational challenges in refining unconventional crudes
Fuel refineries in earlier decades would preferentially process light sweet crudes, for the right price, to maximize gasoline and distillate production and to meet sulfur specifications with less cost.
US crude stockpiles fall, gasoline builds as refiners boost output
US crude oil stockpiles fell sharply last week and gasoline inventories posted an unseasonably surprise large build as refineries ramped up production.
India Essar eyes sale of Gujarat refinery
Essar Group is exploring the sale of its 405 Mbpd oil refinery in the western state of Gujarat.
Global: Meeting Africa’s demand for oil products
Demand for refined oil products is expected to continue growing in Africa, both in the short and medium terms. However, the continent’s refining capacity is unlikely to keep pace as commercial risks threaten to hold back planned new refineries and the expansion of existing facilities.
- Trafigura to use Babcock's ammonia fuel supply system onboard gas carriers 7/7
- Transition Industries signs agreements for the Pacifico Mexinol Project, an ultra-low carbon chemical production facility 7/3
- Bangkok Airways introduces SAF on commercial flights 7/3
- EcoCeres secures SAF contract with British Airways to help reduce carbon emissions 7/3
- Air Liquide to invest up to $200 MM in Louisiana, U.S. to support industrial growth 7/3
- MOL completes the acquisition of LBC Tank Terminals 7/3
