Crude oil
Conceptualizing a mega-integrated refinery and petrochemical complex: A case study
<i>Integration</i> is the new keyword for sustainability and profit in today’s oil and gas market scenario.
India cuts fuel tax, refinery prices to ease pain of rising crude
India is cutting prices of petrol and diesel by 2.50 rupees ($0.03) a liter, Finance Minister Arun Jaitley said on Thursday, the government’s latest step to tackle the impact of a sharp rise in crude oil prices and a weak local currency.
Risk: Measuring margins—Avoiding complacency when the market is stable
When top oil marketer Geneva Energy Markets LLC liquidated its trading book holding<sup>1</sup> “millions of barrels of open interest across crude oil, refined products and natural gas,” managing partner Mark Vonderheide emphasized the pressures and potential damage of new market regulations.
Africa: New maritime emissions rules to impact Africa’s downstream sector
As the 2020 deadline set by the International Maritime Organization (IMO) for the implementation of low-carbon shipping regulations inches closer, African refineries are still grappling with the question of how to finance the upgrading of oil processing plants to enable them to produce the required low-sulfur marine fuels and reduce reliance on noncompliant import fuels for powering the region’s shipping industry.
Building blocks of process safety
Major incidents continue to strike the oil and gas industry at regular intervals.
Industry Metrics
US margins recorded losses as crack spreads declined for all products except fuel oil, despite lower refinery crude intakes.
Refining: Chinese refining industry eyes production cuts, consolidation
The Chinese refining industry is on the verge of massive production cuts and consolidation. A new tax rule aimed at curbing alleged tax evasion by independents and the end of an era of liberalization in the industry are driving the downsizing.
Impact of opportunity crudes on refinery desalter and wastewater treatment performance—Part 2
Refiners are becoming increasingly dependent on opportunity crudes to stay competitive and support margins in the industry’s present uncertain state.
Corrosion impact of the mixture of butanol-blended gasoline
The role of octane boosters on the corrosivity of petroleum products for gasoline/diesel engines has attracted more attention in the auto fuel market due to the depletion of fossil fuels in the world’s feedstock.
Industry Metrics
With the exception of fuel oil, US product markets showed losses against pressure from across the barrel and high crude oil prices.
- ExxonMobil plans 1 Blbs/yr of advanced recycling by 2027 11/22
- Gauging the likely Trump effect on U.S. energy and power sectors 11/22
- Russia's Lukoil restoring cracker at NORSI refinery, gasoline output rising 11/22
- Nigeria's local currency crude sales fall short of target, Dangote refinery says 11/22
- U.S. October gasoline imports hit post-pandemic low on slump in European shipments 11/22
- Clean Hydrogen Works awards McDermott FEED contract for Ascension Clean Energy (ACE) project 11/21
