Refining
Business Trends: Understanding the viewpoints that shape the ever-evolving base oil landscape
In April, ExxonMobil launched its <i>2018 Basestocks Industry Pulse Report.</i>
Industry Perspectives: Refining’s real growth is through secondary unit capacity
According to multiple industry reports, the global refining sector will add between 7 MMbpd and 8 MMbpd of new crude distillation unit (CDU) capacity by the early 2020s.
Global Project Data
According to <i>Hydrocarbon Processing</i>’s Construction Boxscore Database, there are nearly 470 active refining projects around the globe.
Industry Metrics
US margins recorded losses as crack spreads declined for all products except fuel oil, despite lower refinery crude intakes.
Viewpoint: Oil and gas downstream looks to digitalization for sustained excellence
The combination of US tax reforms and changes to global bunker fuel specifications in 2020 as part of the International Maritime Organization’s (IMO’s) new regulations are set to turn the US oil and gas downstream into a cash cow.
Software: Operations intelligence software for real-time visibility
The tiny company town of Sinclair sits in south-central Wyoming.
Digital: Riding the digital transformation wave
For refiners, the future is full of uncertainty. Due to market forces—e.g., the macroeconomics of oil and gas supply and demand, the increasing demand for petrochemicals and new marine low-sulfur fuel requirements—organizations are faced with many business challenges that require increasingly flexible operations.
Refining: Chinese refining industry eyes production cuts, consolidation
The Chinese refining industry is on the verge of massive production cuts and consolidation. A new tax rule aimed at curbing alleged tax evasion by independents and the end of an era of liberalization in the industry are driving the downsizing.
Editorial Comment: The reemergence of a collaborative platform
Readers have witnessed that throughout the life of the publication, <i>Hydrocarbon Processing</i> has always published information on new technologies to increase efficiency, safety and profitability in downstream processing operations, while introducing techniques to decrease environmental footprint and emissions and produce high-quality, clean fuels and petroleum products for consumers around the world.
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