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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...
The non-refining, refinery transaction: Chevron divesting its assets in South Africa
As Chevron finalises a sales and purchase agreement for its businesses in South Africa and Botswana, the media has focused its attention on the Che...
Tabangao refinery closure: A tell-tale sign of pressure on refining?
Shell’s Tabangao refinery closure in the Philippines speaks a lot about mounting pressure on the refining industry. Global refining market enters a...
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...
Taxing times for UK refineries? Update: A closer look at trade
The United Kingdom (UK) has declared its post-Brexit tax regime that will be applied from 1 January, 2021. Specifically, the EU tax on petrol impor...
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...
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