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Three reasons why European oil demand will decline again from 2017
European oil demand fell every year between 2006 and 2014, dropping by a total of 2.5 million b/d as high oil prices coupled with a flagging econom...
TotalEnergies' NATREF and Shell’s PCK Schwedt stakes sold to the Prax Group
On 1st December 2023, TotalEnergies agreed to sell its minority stake in South Africa's NATREF refinery to the Prax Group. The 108 kb/d capacity re...
Tracking the Value of Refinery-Petrochemical Integration
Integrated refining-petrochemical sites represent a growing fraction of global capacity, including many of the most competitive assets in the world...
US gasoline demand decline: which North American region is most at risk?
North American refining economics will hinge on the extent of gasoline demand decline. The US rate of growth was essentially zero in 2018; with lar...
US tight oil moves the pressure onto refiners
What are the odds of a distillate shortage as the global crude slate gets lighter and sweeter? As US tight oil production grows alongside OPEC supp...
Russia diesel export ban - what happens next?
Russia has temporarily banned exports of gasoline and diesel to all countries outside a circle of four ex-Soviet states with immediate effect in or...
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