The coronavirus pandemic has shortened Europe’s energy transition. What was initially perceived as a gradual movement towards fewer emissions and greener generation has now become an unprecedently ambitious endeavour – Continue Reading
US refinery runs are expected to reach 15.18 million b/d for the week ended April 9, S&P Platts Analytics data showed, as refineries continue to come back online in the Continue Reading
China’s build-up of oil refining capacity is threatening the viability of other Asian refiners as the country is about to become the world’s largest refiner this year amid still depressed Continue Reading
U.S. gasoline demand has rebounded to nearly pre-pandemic levels, but after a horrendous 2020, American refiners are looking to cut costs wherever and whenever possible in light of the still-sluggish Continue Reading
U.S. refiners are scaling back on hiring ships for longer periods to save on costs in another sign of uncertainty over when global oil demand will return to pre-COVID levels, Continue Reading
Nearly a month after an Arctic blast knocked out more than 18 of 30 Texas refineries, and almost 5 million barrels a day of crude-processing capacity, all but two sites Continue Reading
Just seven U.S. oil refineries out of the 18 that were down due to the Texas Freeze are operating normally as of Monday, according to Bloomberg. Those 18 refineries that Continue Reading
Refiners and integrated oil firms continue to struggle with low refining margins, as a part of global oil demand—jet fuel consumption—is still enormously depressed by international travel restrictions. Margins for Continue Reading
Texas fuel makers are racing to restore operations knocked out by mid-February’s brutal winter storm, but they’re also casting a wary eye on improvements in the market and may be reluctant Continue Reading
US Gulf Coast petrochemical producers were working to restart facilities that shut when a deep freeze hit the region the week of Feb. 15, but those efforts faced ups and Continue Reading
