The International Energy Agency (IEA) has revised its 2024 global crude run forecasts, lowering estimates by 180K b/d from 83MM b/d to 82.8MM b/d.
October 20, 2024
US major independent refiner has confirmed it will close its Wilmington, California refinery, with a capacity of 139K b/d, by the fourth quarter of 2025.
October 20, 2024
The refining sector is currently facing a significant downturn, signaling the end of a profitable supercycle that began post-pandemic
September 22, 2024
In the third quarter of 2024, major U.S. crude oil refiners are scaling back their operations due to weak profit margins and necessary maintenance.
August 10, 2024
Gunvor's head of research, Frederic Lasserre, emphasized the volatile nature of the global refining market, stating,
March 24, 2024
In 2024, the International Energy Agency (IEA) projects a shift in global crude throughput patterns, with China relinquishing its dominant position in refinery activity growth.
January 27, 2024
The recent cold spell in the US has resulted in the closure of 15% of refining capacity along the Gulf Coast, equivalent to 1.5MM b/d in throughput capacity, as reported by Wood Mackenzie and cited by Bloomberg.
January 21, 2024
