Rhodes, Mike
Industry Metrics
US product markets weakened despite unseasonably strong gasoline demand, and the gasoil crack spread hit the lowest level seen in more than five years, under pressure from increasing supplies amid thin demand due to warmer winter weather.
People
Smaller-scale gas-to-liquids (GTL) specialist Velocys Plc has named David Pummell as chief executive officer (CEO).
Industry Metrics
Asian margins showed a strong recovery due to higher winter heating fuel demand, supporting middle distillate crack spreads.
People
The Society of Petroleum Engineers (SPE) Aberdeen Section board has elected Ian Phillips, chief executive of the Oil and Gas Innovation Centre (OGIC), as its new chairman.
HP Industry Metrics
Global refinery margins fell due to the expectations of a mild winter and an oversupply environment.
HP People
Michael D. Scott has been named an International Society of Automation (ISA) Fellow, a distinguished grade that is granted to ISA senior members in recognition of outstanding achievements in scientific or engineering fields.
HP Industry Metrics
A sharp drop in the gasoline crack spread following the end of the US driving season and increasing inventories caused refinery margins to fall.
HP People
GFBiochemicals has appointed three new senior team members.
HP Business Trends
As a consequence of the shale gas boom, US crackers have switched away from naphtha feedstock to ethane-based feedstock.
HP Industry Metrics
High US refinery utilization rates have continued, encouraged by strong gasoline demand amid lower crude prices.
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