Gulf Energy Information and Hydrocarbon Processing are pleased to provide a preview of IRPC Europe 2018, which will be held June 5–7 in Milan.
Atlantic Basin markets strengthened amid the onset of refinery maintenance season, while US support came from higher gasoline demand and gasoline price adjustments from the switch to summer RVP.
US refinery margins showed seasonal y–o–y growth, mainly supported by gasoline and diesel stocks drawdowns due to refinery maintenance.
The refining industry is challenged every day to optimize product slates that comply with market demand, product specifications, environmental regulations and refining-petrochemical integration, all while remaining profitable.
US refining margins showed slight gains on the top of the barrel as a result of cold weather-related refinery outages, rebounding slightly from the previous month.
Although the refining industry is expected to add more than 7 MMbpd of new distillation capacity by the early 2020s, the global refining industry will witness a boost in secondary processing capacity, as well.
According to multiple industry reports, crude oil consumption will continue to increase over the short term.
In the past few decades, new technologies, including both carbon rejection methods and catalytic conversion methods, have emerged.
Record low temperatures in the eastern US strengthened the diesel market but extended the downward trend in refining margins.
The Public Works Department at the City of Espoo has decided to use Neste MY Renewable Diesel in all of its diesel-powered machines.