Texas Refiners Grapple with Damage from Storm
Refineries in Texas are finding a return to normal after last week’s Arctic blast and widespread power outages is a messy, stop-and-start process. At least seven of them were trying Continue Reading
Gulf Coast Fuel Makers Could Take a Week to Restart After Freeze
Four of the largest refineries in Texas are discovering widespread damage from the deep freeze that crippled the state and expect to be down for weeks of repairs, raising the Continue Reading
Extreme Cold Snap Paralyzes Texas Refineries
A brutal polar vortex has paralyzed much of Texas. Three million people are left without power as an extreme cold snap sends power demand to record highs . Energy infrastructure, Continue Reading
U.S. oil refiners set for worst earnings quarter of the pandemic
U.S. refiners are girding for a painful slate of fourth-quarter earnings, reflecting the pressure of rising crude prices, weak demand due to renewed COVID-19 travel restrictions, and higher costs of Continue Reading
US refiners hone carbon footprint plans, with focus on renewables
U.S. refiners have started to release plans to lower their carbon footprints, with a focus on reducing Greenhouse Gas (GHG) emissions by boosting renewables output, and through carbon capture programs. Continue Reading
Middle East-Asia oil sectors to shape global refining revolution
5 million b/d net refining swing from West to East over 2020-2021 Petrochemicals shift in Asia, bio-refining switch in Europe, US China to be dominant refining force in 2021 as Continue Reading
The Oil Refinery Crisis Will Worsen This Winter
It was only to be expected that many of the world’s refiners would be pinched between low demand for finished products and rising inventories as the pandemic lockdowns continue to Continue Reading
Pandemic Pushes Fuel Makers in Richer Countries to the Brink
An Exxon Mobil refinery on the outskirts of Melbourne, Australia. A decade ago, Australia was home to seven refineries. Now, it has four. Soon, it could have just one. Covid-19 Continue Reading
A Refinery Crisis Is Brewing In Oil Markets
The ongoing energy transition combined with the effects of Covid-19 will drive future oil demand to lower levels than what was expected just months ago. As a result, a plethora Continue Reading
Renewed Lockdowns Threaten More Refinery Closures In Europe
More refineries in Europe are at risk of permanent closures, with fuel demand on the continent falling again as major economies re-imposed lockdowns to fight the spike in coronavirus cases. Continue Reading