May 2022

Trends and Resources

Business Trends: Insights from the 2020 Worldwide Fuels Refinery Performance Analysis

The author’s company recently completed its data analysis for the 2020 Worldwide Fuels Refinery Performance Analysis (Fuels Study).

Achacoso, M., HSB Solomon Associates LLC

The author’s company recently completed its data analysis for the 2020 Worldwide Fuels Refinery Performance Analysis (Fuels Study). With its inception in 1981, this biennial survey—representing up to 85% of the worldwide refining capacity—generates a rich and unique collection of operating data and insight. Of particular interest is the impact that COVID-19 has had on the worldwide refining industry. This article shares general insights and observations on the 2020 pandemic impacts and decisions that will potentially shape the future of refining. Utilization Worldwide utilization was down approximately 10% in 2020 as refiners adjusted run rates to match lower transportation fuels demand; h

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