Refining

According to Bloomberg Intelligence’s ‘2024 Global Energy Predictions’ report, US oil refining margins are set to contract sharply and OPEC+ production cuts should extend and deepen.

Shell Deutschland GmbH has taken a final investment decision (FID) to convert the hydrocracker of the Wesseling site at the Energy and Chemicals Park Rheinland into a production unit for Group III base oils.

The EIA reports that in 2023, most of the crude oil produced in Texas was relatively dense for the state.

Andreas Essmann, Aggreko Europe, Germany, explores how German plants and refineries reliant on waterways for cooling processes can adapt in the face of increasing water scarcity.

LG Chem and Enilive have moved a step closer to final investment decision (FID) on a new biorefinery project in South Korea by signing a joint venture agreement.

A new report from GlobalData explores the use of predictive maintenance technologies in the oil and gas industry.

Argus has launched three regional prices of hydrotreated vegetable oil (HVO) to bring new transparency to the value of downstream HVO.

The US Energy Information Administration (EIA) expects average US retail gasoline prices to decrease in 2024 because of increased inventories related to increased refinery capacity.

Chevron Lummus Global (CLG) has been awarded a new licensing contract for HPCL's integrated hydrocracker and catalytic dewaxing unit.

Neste has been included in the Corporate Knights 2024 Global 100 Index of the most sustainable companies.

Last year proved the power of global markets. Alan Gelder, Wood Mackenzie, UK, presents the company’s refining, petrochemicals and oil market outlook for the new year ahead.

The Dangote petroleum refinery has commenced production of diesel and aviation fuel.

Global oil demand is due to rise by almost 2 million bpd in 2024, according to a report by Wood Mackenzie.

The American Petroleum Institute (API) has released a statement after the US Environmental Protection Agency (EPA) unveiled a proposed rule to establish a fee on methane emissions.

The API has called on policymakers to focus on a long-term energy plan that strengthens energy independence and accelerates energy innovation.