Asia, the Pacific and the Middle East: Downstream update
A round up of some of the latest news from the downstream industry in Asia and the Middle East.
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Mid September: North American downstream update
A brief look at some of the latest downstream oil and gas news from North America.
Citi: 15% of European refining capacity is unprofitable
Citi analyst, Mukhtar Garadagi, describes 15% of European refining capacity as unprofitable. Citi see rationalisation as the only long term solution.
Value opportunity in big oil stocks?
Stocks of the major oil and gas companies have moved in a range from a decline of approximately 1% to a gain of approximately 16% from mid April.
Europe’s gas risks to rise as African share increases
Gas supplies to Europe will become less reliable as much of its new demand in the coming decade will need to be met by gas from politically unstable countries in Africa.
Universal plans to expand
Universal Bioenergy are in talks with a leading refiner and energy producer to obtain refined energy products and LNG
Refinery safety bill could threaten jobs
According to a group of contract workers at the Phillips 66 refinery in Nipomo, their jobs will be threatened if the Senate approves an amendment to Senate Bill 54.
Gasoline price decreases, diesel fuel price unchanged
The US EIA’s ‘This Week in Energy’ report, released on 11th September, indicates that the US average retail price of gasoline has decreased, while national average diesel price remains unchanged.
Multiple problems with bioenergy program
The US Department of Energy Office of the Inspector General has found multiple problems with the bioenergy program.
APGA support NGV legislation
The American Public Gas Association have voiced their support for Senator Inhofe’s Natural Gas Vehicle legislation.
Correlation in oil and equity price movements declines
According to the EIA’s ‘This Week in Petroleum’, the correlation between daily percentage changes in the price of Brent crude oil and the Standard & Poor's 500 equity index has weakened.
Refinery maintenance planned in India and China
According to GlobalData, Indian and Chinese refineries are planning on conducting the majority of planned maintenance in the second half of 2013.
Global oil and natural gas exports
An update on export plans for oil and natural gas in the US and Caspian countries.
The 10 least economically competitive countries
The World Economic Forum has released the findings of its Global Competitiveness Report, revealing the 10 least economically competitive countries in the world.
UK CCS and the energy mix
A carbon dioxide storage map is being developed to help support CCS but what is in store for the UK’s energy mix?