Economics
Industry Metrics
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
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
What is the state of the global hydrocarbon processing industry (HPI)?
Construction—The cornerstone of a successful project
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
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
The global oil refining industry has been buffeted by many events in recent years.
Global: Russia’s plan to dominate fuel supply to Asia
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.
- Ebara Elliott Energy awarded landmark order from Kawasaki Heavy Industries to advance global liquefied hydrogen supply chain 4/24
- Digital Exclusive: Early collaboration with vendors: Mitigating design risk and ensuring successful project execution 4/24
- Pacífico Mexinol celebrates groundbreaking of $3.3-B clean fuels complex 4/24
- Brazil to start tests for diesel blend containing 20% biofuel in May 4/24
- ATOME announces FID for $665-MM green hydrogen project in Paraguay 4/24
- U.S.: Trump grants 90-day Jones Act waiver extension to curb energy costs 4/24
