January 2009

Trends and Resources

HP Associations: ERTC 2008: Refiners are facing an uncertain future

What a difference a year makes. At the 2007 ERTC meeting in Barcelona, oil was going for $90 a barrel. As the European refining industry gathered in Vienna..

Thinnes, Billy, Hydrocarbon Processing Staff

What a difference a year makes. At the 2007 ERTC meeting in Barcelona, oil was going for $90 a barrel. As the European refining industry gathered in Vienna this past November, oil was sitting at $47 a barrel. The price bubble has burst, at least for the moment, and refiners are facing a new reality filled with uncertainty. This thread of thought and conversation permeated most all discussions and presentations at the 13th annual ERTC, as the economic slowdown that started in the US has quickly spread worldwide. 

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