Thousands of South Korean truckers were on strike for the seventh day on Monday, protesting over pay as fuel costs surge, disrupting production, slowing port operations and posing new risks to a strained global supply chain.
Over the past several years, the hydrocarbon processing industry (HPI) has been engaged in a whirlwind of peaks and valleys.
Refiners worldwide are struggling to meet global demand for diesel and gasoline, exacerbating high prices and aggravating shortages from big consumers like the United States and Brazil to smaller countries like war-ravaged Ukraine and Sri Lanka.
The author’s company recently completed its data analysis for the 2020 Worldwide Fuels Refinery Performance Analysis (Fuels Study).
Chemical manufacturers worldwide are navigating an inflection point. Following the pandemic-fueled demand crash of 2020, a strong but stilted recovery unfolded in 2021.
New capital project announcements are down 27% in 1Q 2022 vs. 1Q 2021.
Gulf Energy Information’s Global Energy Infrastructure database is tracking nearly 1,100 projects around the world, totaling more than $1.8 T in active capital project investments.
Hydrocarbon Processing continues its look at the history of the hydrocarbon processing industry (HPI).
Refineries in oil-importing nations typically process a blend of crude oils, rather than a single crude oil, to ensure that an optimum product mix can be obtained at the minimum costs.