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Prolonged containment measures pressure China’s oil demand
The drastic steps taken to contain the COVID-19 outbreak are showing positive signs. However, the Chinese government now faces a crucial balancing ...
Western Canada condensate shuffle
In this insight we explore how recent M&A activity has changed the Western Canadian condensate market. ARC Resources now becomes the leader in WCSB...
What can we expect from Petrobras’ refinery divestment programme?
Petrobras re-started the sales process for 3 refineries in June 2022, including Abreu e Lima refinery (RNEST), Presidente Getúlio Vargas refinery (...
What's driving recent gasoline weakness?
October saw Brent FCC gross refining margins fall to -$0.32/bbl as a number of bearish factors created the perfect storm for gasoline weakness glob...
Where will Russia's remaining heavy oil products go?
Refinery upgrade projects are reducing Russian heavy product output while this is being amplified by the tax manoeuvre policy that entered its fina...
Which Asian refineries will buckle under margin pressure?
The low-margin environment will put the existence of many weak refineries in Asia at risk. Many refineries will run at lower utilisation rates or c...
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