Diesel
Central America: A downstream outlook to 2020
Due to the growth in the region’s middle class, Latin America has seen tremendous petroleum products demand growth over the past decade.
HP Business Trends
To satisfy its growing refined fuel demand, Latin America has relied heavily on imports from the US. Major refinery projects have been announced to curb this reliance, but the drop in crude oil prices has limited capacity expansions.
HP Industry Metrics
The US product market continued to reflect a surge in domestic gasoline demand, allowing gasoline cracking spreads to hit levels not seen in more than two years.
Ensyn wins regulatory approval from EPA for US renewable diesel sales
RFDiesel, a drop-in diesel transportation fuel, is created by processing Ensyn's renewable crude, a liquid cellulosic feedstock, with customary petroleum feedstocks in conventional petroleum refineries.
Seasonal demand, output of US refined products hits eight-year high: API
“Demand for and production of oil and refined products grew across the board over the last year,” said API chief economist John Felmy. “In fact, demand for and production of oil and refined products were the highest July in eight years, since 2007.”
Neste expands California renewable diesel sales
California is a forerunner in renewable energy, and renewable diesel plays a big role in California's climate plan. Neste says its NEXBTL renewable diesel meets US and California spec requirements.
HP Refining: Peru: Modernization of the Talara refinery
The mega-project expansion at the Talara refinery is the foundation of Petroperu’s new strategic plan to increase refining capacity and reduce the sulfur content in refined products.
HP Industry Metrics
Refinery utilization rates in the US, encouraged by the high driving season demand, continued to rise following the end of the heavy maintenance season. Regional demand in Asia continued lending suppo..
China’s ‘energy revolution’ strives for sustainable growth
China's energy demand, particularly for petroleum and other liquids, is rapidly increasing as its industrial and transportation infrastructures expand.
HP Industry Metrics
Up-to-dateata tables and figures illustrate the state of the worldwide HPI, including cracking spreads, margins and utilization rates.
- NAPCOR releases 2024 PET recycling report highlighting system efficiency gains and continued strength of PET circularity 12/12
- OQ courts other partners for petrochemical complex in Oman as SABIC drops out 12/12
- Brazil's BNDES approves $71 MM for carbon storage project 12/12
- Cuba on edge as U.S. seizure of oil tanker puts supply at risk 12/12
- China oil demand to plateau between 2025 and 2030 12/12
- Germany's PCK refinery says no impact from pipeline leak 12/12
