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Industry Metrics

Hydrocarbon Processing Staff: Rhodes, Mike

The US saw solid product demand, despite a decline following the end of the driving season, and reduced scheduled maintenance lent some support.

Global: Increase in Russian fuel excise tax may hit refinery profitability

Contributing Writer: Gerden, E.

The Russian government’s recent decision to raise the excise tax on motor fuel by 1 RUB/l in 2018 may lead to serious losses for the country’s domestic refining industry.

Editorial Comment: Hydrocarbon Processing forecasts $361 B in total HPI spending in 2018

Hydrocarbon Processing Staff: Nichols, Lee

What is the state of the global hydrocarbon processing industry (HPI)?

Construction—The cornerstone of a successful project

ShureLine Construction: Shahani, G.

Construction is essentially a cyclical business.

Russian minister says OPEC oil deal hurting domestic economy

MOSCOW (Reuters) — Russia's economic growth in October was negatively affected by a global deal between members of OPEC and Russia to curb crude oil production, Russia's economy minister said on Thursday.

Unipec, Vitol place lowest offers in Bangladesh oil import tender

SINGAPORE/DHAKA (Reuters) — Oil traders Unipec and Vitol placed the lowest offers in a tender by Bangladesh Petroleum Corp to buy up to 1.27 MMt of oil products for import in the first half of 2018, three industry sources said on Tuesday.

Sri Lanka fuel shortage to end on Nov. 9

COLOMBO (Reuters) — Sri Lanka's fuel shortage will end on Nov. 9, Petroleum Minister Arjuna Ranatunga said on Monday, as state-run oil retailer Ceylon Petroleum Corporation (CPC) and Lanka IOC traded blame charges over the shortage.

Industry Metrics

Hydrocarbon Processing Staff: Rhodes, Mike

The global middle distillate market continued to improve on healthy demand and depleted stocks amid regional maintenance, while the bottom of the barrel saw pressure due to low demand and high inventory levels in Asia and Europe.

Business Trends: Preparing for a sea change in global refining

Boston Consulting Group: Follette, C.  |  Ruiz-Cabrero, J.

The global oil refining industry has been buffeted by many events in recent years.

Global: Russia’s plan to dominate fuel supply to Asia

Contributing Writer: Gerden, E.

Russia hopes to become a major supplier of gasoline, diesel fuel and other oil products to the Asia-Pacific region during the next several years, with help from the planned launch of large-scale refineries in the Far East that will be built with the participation of Asian investors.

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