Economics

The downstream rundown: In case you missed it

In case you missed any downstream news, this piece will give you a summary of some of the top stories from last week.

Slovakia says hardest hit by Russia oil sanctions, expects solidarity

Slovakia said on Friday it would be hardest hit by European Union sanctions on Russian oil and it expected solidarity from Brussels to mitigate the impact.

U.S. crude, fuel stockpiles fall in tight market

U.S. crude oil and fuel stockpiles fell last week, as demand continued to outstrip supply, with commercial crude inventories drawing down even as more strategic reserves entered the market.

Slovak refiner says sanctions plan will halt exports, threaten operations

Slovnaft, a unit of Hungary's MOL, said that planned sanctions on Russian oil would in their current form ban oil product exports after 8 months from Slovnaft to its key markets in central Europe such as the Czech Republic, Austria and Poland.

Industry Perspectives: Hydrocarbon Processing’s Mid-Year Update webcast to be held in late June

Nichols, Lee, Hydrocarbon Processing Staff

Over the past several years, the hydrocarbon processing industry (HPI) has been engaged in a whirlwind of peaks and valleys.

Supply Chain: Strategic cost management: Uncover supply chain inefficiencies

Long, P., Opportune LLP

Controlling costs is critical for any energy company. Firms may spend to grow through acquisition, develop new business, gain market share or invest in new opportunities.

History of the HPI: The 1970s: Crises, clean air, plastic bottles and the DCS

Nichols, Lee, Hydrocarbon Processing Staff

The 1970s were marked by several historical events that affected not only the hydrocarbon processing industry (HPI) but nations around the world.

Advanced cleaner technology: Leveraging tailored solutions for reliability goals

Hannon, J., ExxonMobil Fuels and Lubricants

Operators at refineries, petrochemical plants and power generation companies are under constant pressure to reduce maintenance and operational costs, boost productivity, minimize risk of unplanned outages and maximize time between overhaul periods.

Xylene-loop scheme for minimized GHG emissions and PX production cost

Molecular management, energy efficiency and carbon dioxide (CO2) emissions have become major focuses for petrochemical complexes, including aromatics plants.

Brazilian president may need months to replace Petrobras management

Brazilian President Jair Bolsonaro has intensified his calls to shake up the board and management of state-run oil company Petrobras.