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Piecing together the puzzle of global crude oil storage
Global crude storage influences crude market dynamics in different circumstances. As an example, during the Covid pandemic, crude stock levels were...
Tax manoeuvre: turbulence ahead for Russian refining margins?
In this analysis, we analyse the 'tax manoeuvre' in the Russian Federation. This tax reform has the objective of making domestic refineries invest ...
The energy transition’s toll on refining
Slower demand growth and diverging trends between products and between East and West will drive the capacity additions, refinery closures, changes ...
The North American puzzle: where will refiners send surplus gasoline?
The long term North American refinery economics story mainly focuses on an emerging gasoline surplus. As fuel efficiency gains are forecast to outp...
The persistence of oil demand
The coronavirus pandemic is prompting discussion whether or not oil demand will resume growing or, if patterns of daily life have changed in ways t...
The threat to diesel from LNG trucking in China
There are growing concerns regarding China's trucking revolution, with LNG overtaking diesel. As we noticed, in the second half of 2023, the sales ...
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