Economics
Oil rally to resume later this year, demand to offset glut
Oil analysts still expect a rise in the crude price this year, thanks to improving demand growth that should help offset any bearish headwinds from a stubborn supply surplus.
Brazil's Petrobras in talks to sell petrochemical assets to Mexico's Alpek
Petrobras is in exclusive talks for 60 days with Mexico's Alpek over the potential sale of PetroquimicaSuape and Citepe assets in Brazil's northeast.
Oil steadies just above three-month lows on oversupply
Oil prices steadied just above three-month lows as producers continued to pump more than needed, filling inventories, and economic growth prospects darkened.
Oil falls towards $44, lowest since May, on glut worries
Oil hit its lowest since May, falling towards $44/bl, pressured by concerns that a long-awaited rebalancing of the market would be delayed due to excess supply.
Refiner Valero's profit beats but margins stay under pressure
US refiner Valero Energy Corp. reported a quarterly profit that beat analysts' reduced estimates, even as the company's refining margin continued to be gutted by a spike in gasoline and distillate inventories.
As market sours, ships carrying LPG anchor off Singapore
After a flood of US exports into the region, the Asian market is awash with LPG and supplies are being stored in ships anchored off Singapore.
An operations reference model for common refinery operations
Refineries are large, highly automated, complex systems involving hundreds of people, thousands of work processes, thousands of control loops and tens of thousands of input/output points.
Industry Metrics
The impact of Canadian and French refinery outages caused margins to fall slightly in the Atlantic Basin and Europe, despite stronger gasoline demand and higher inventories.
Business Trends: Asia’s smaller downstream players have big plans
Most of the focus on Asian downstream capacity construction revolves around large consuming nations, such as China and India.
Viewpoint: Envisioning a “future-proof” refinery of the future
Trying to predict how global refining markets will look in 2026 is a losing proposition. The only thing we can count on with any real certainty is uncertainty.
- XRG acquires upstream stake in Vaca Muerta to support the Argentina LNG project 6/29
- Baker Hughes extends long-term service agreement with Nigeria LNG to support critical expansion project 6/29
- Technip Energies, Alterra and Neste launch Nerea, a standardized modular solution for plastic chemical recycling 6/29
- KBR technology selected for 100,000-tpy ethanol-to-jet SAF plant in Singapore 6/29
- Acelen to license Alfa Laval's HVO pre-treatment technology for Brazilian biorefinery 6/29
- Mitsubishi Gas Chemical and Gold Hydrogen sign MoU to assess green methanol production in Australia 6/29
