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China gas markets long-term outlook H1 2015
Demand growth in China's gas market – averaging c. 15% for the past 5 years – slumped to under 3% year-on-year in the first 6 months of 2015, drivi...
Consolidation in Polish downstream sector - PKN Orlen to acquire controlling stake in Grupa Lotos
It seems in Poland that size does matter, particularly in the downstream sector. After several years of speculation, PKN Orlen announced on Februar...
Another refinery closure in Japan - more to come?
In January 2022, ENEOS announced that Wakayama refinery will be permanently shut by October 2023. The announcement came after the closure of Osaka ...
BP exits refining in Australia: Announces to shut Kwinana refinery
BP has operated its Kwinana refinery for over 65 years, last week the announcement came they will pull the plug on refining and turn it into an imp...
Brent-WTI blowout: all down to the Permian?
The Brent-WTI spread is back in focus having widened to over $10/bbl, its widest spread since 2014 when infrastructure constraints forced large dis...
Asia product markets short-term outlook March 2020
This monthly update incorporates price forecasts and differentials, crude runs, refining margins and product-by-product supply-demand balances now ...
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