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Downstream oil refining reports
The conundrum of gasoline prices in Mexico: high but not high enough
The gasoline market in Mexico needs higher prices to make imports from the US profitable along the supply chain. But if prices increase too much, t...
The outlook for US transport fuels: a bumpy road ahead?
Wood Mackenzie presented our view on US transport fuels at a recent industry event in San Antonio, TX on March 20-21, 2017. The presentation covere...
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...
Tight margins and overcapacity limit the growth of China's teapot refiners
With the increase in teapot refiners utilisation rate and slower oil demand growth in China, the need for new refining capacity to meet domestic de...
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...
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 ...
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