WebOct 21, 2024 · Global refining margins push higher on recovering fuel demand. The spike in margins comes against the backdrop of a steady drop in inventories across key markets. Combined oil product inventories ... WebJul 1, 2024 · All hub margins would recover to historical levels and follow utilization trends, with margins in Asia more stable than in other regions due to Asia’s stronger demand growth. By the 2030s, the global …
Oil Market Report - December 2024 – Analysis - IEA
Web22 hours ago · 4/13/2024. (Reuters) - Benchmark Northwest European diesel refining margins dropped to $17.70 a barrel on Wednesday, their lowest since Feb. 25, 2024, a day after Russia launched its invasion of Ukraine, data showed. Russia was a major supplier of diesel to Europe until the region banned imports of Russian fuel in February 2024. WebOct 13, 2024 · Refining is a challenging business. And that’s never been more evident than in 2024. The sharp drop in oil demand in the two months to April as a result of coronavirus restrictions temporarily wiped out almost 20 years of oil demand growth. And that hit the refining sector particularly hard. Global refining margins collapsed, and earnings took … flights from portland to paine field
Oil Market Report - August 2024 – Analysis - IEA
WebMar 2, 2024 · Less petroleum exported from China also increased demand for U.S. exports to meet global demand for gasoline and diesel. Many refiners have already switched to producing more expensive summer-grade gasoline to comply with seasonal Reid vapor pressure (RVP) requirements on gasoline. We expect regular-grade retail gasoline prices … Web1 day ago · 4/12/2024. Lummus Technology, a global provider of process technologies and value-driven energy solutions, and RWDC Industries, a biotechnology company developing biopolymer material solutions, recently signed a memorandum of understanding (MOU) to cooperate on global PHA deployment initiatives. The signing ceremony took place at … Web2 hours ago · OIL PRODUCTS. Several Asian refiners are likely to maximise gasoline output from May and reduce gasoil output, amid higher profits for gasoline ahead of this … flights from portland to nashville tn