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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...
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...
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...
Why is jet fuel not back to 2019 levels?
Asia accounts for the largest jet fuel market globally, but recovery is lagging in 2023, especially in China. The slowdown in China's economy resul...
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