Crude oil
Industry Metrics
In the US, soaring gasoline stocks and poor fuel oil performance were offset by strong heating oil demand and higher product prices caused by weather-related refinery outages.
Europe: Russian petrochemicals industry on the verge of large-scale growth
The Russian government has announced its plan to increase the volume of support for its domestic petrochemicals industry over the next several years, with the aim of doubling its production and boosting exports, according to Russian Minister of Energy Alexander Novak and the press service of the Russian Presidential Administration.
Industry Metrics
US refinery margins saw losses as product stocks rose, pressured by seasonally lower gasoline demand and subdued heating oil requirements.
Business Trends: The state of process safety and operational risk management—Feeling the squeeze
The 2018 edition of Petrotechnics’ process safety management (PSM) and operational risk management report builds on insights gained from the 2017 survey.
Refining: Extend the life of storage tanks with a novel single-coat epoxy coating
In the oil and gas industry, time is money.
Editorial Comment: The materials that advance modern life
Refineries and petrochemical plants contain some of the harshest environments on the planet.
Welded plate heat exchangers cut refinery process costs—Part 1
Plate and frame (P&F) heat exchangers were first manufactured 100 yr ago for use in the dairy industry.
Viewpoint: The NOC-on-effect—Transforming the face of the refining industry
A new era of game-changing competition is about to take over and transform the refining industry as we know it.
Innovations
Claroty has made several significant enhancements to its Continuous Threat Detection product.
Industry Metrics
US markets weakened despite positive performance at the middle of the barrel due to considerable gasoil and jet/kero inventory drawdowns.
- Clariant catalysts continue to shrink customer footprints: 45M tons of CO2e avoided in 2025 5/26
- Mitsubishi Chemical Group considers spinning off petrochemicals business 5/26
- Hitachi Energy and Volvo Construction Equipment announce collaboration to accelerate zero-emissions construction sites 5/26
- Aramco and PETRONAS Announce Transfer of Full Ownership of PRefChem to PETRONAS 5/26
- ENOC and Allied Biofuels sign MoU to explore offtake/distribution of SAF and eSAF 5/26
- Hanwha Power and the University of Alberta sign MoU to advance R&D of low-carbon power technologies 5/26
