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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...
ADNOC (quietly) closes Umm al Nar refinery
ADNOC recently announced the closure of its Umm al Nar, also known as Abu Dhabi, refinery. The refinery was built in 1976 and has a hydroskimming c...
ADNOC Refining welcomes Eni and OMV
ADNOC has sold a 35% stake in its refining business to Eni and OMV in a deal valued at US$5.8 billion. Eni acquired a larger stake, 20%, for US$3.3...
Africa long-term oil demand – is the region a new source of growth?
In our latest forecast for Africa’s long-term oil demand, we expect a gain of 2.3 million b/d from 2019-2040. While downside risks from Covid-19 re...
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 ...
Refining and chemicals integration – a necessity or a choice?
Refiners need to explore ways to mitigate the slowing growth in demand from transport and look at aligning their production in generating feedstock...
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