Refining: Higher Runs Prevent Price Spike But Tightness Looms

Copyright © 2023 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.

Refinery run rates remained high at 82.2 million barrels per day in December, virtually unchanged from November. This caused margins to slide further in the Atlantic Basin while Asia stayed profitable, if only just, on rising demand. Where margins might be going is uncertain, although the scale seems to be tipping again towards tightness — and higher profits.

Refining, Oil Products, Oil Trade, Oil Supply, Oil Demand
Wanda Ad #2 (article footer)
Uncertainty reigns as the dual impact of the European Union's bans on the import of Russian crude and product takes shape.
Tue, Jan 24, 2023
While market conditions have improved for West African fare in particular, the uptick has been slower than expected.
Thu, Feb 2, 2023
The firm's Diamond Green Diesel JV with Darling Ingredients aims to produce more than 230 million gallons/yr of sustainable aviation fuel (SAF) by 2025.
Wed, Feb 1, 2023