Crude Processing

ExxonMobil's recent completion of the Baton Rouge Refinery Integrated Competitiveness (BRRIC) project, a $240MM initiative, reflects a calculated move to modernize the century-old Louisiana facility by prioritizing the processing of a diverse range of crude oils.

Oil prices, tethered to biofuel quotas, wield substantial influence in establishing the baseline for key food item prices, contributing to the current surge in food prices.

Phillips 66's Rodeo, California refinery is poised to play a pivotal role in the anticipated surge of renewable diesel (RD) production.

The refining companies find themselves at a crossroads as they navigate the delicate balance between supporting an energy transition and sustaining profits from traditional petroleum refining.

UK energy major’s recent announcement regarding the conversion of its Wesseling refinery in Germany marks a strategic move in response to the evolving landscape of the energy transition.

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.

According to the latest news on Jan. 26, UK energy major Shell plans to transform its Wesseling refinery in Germany into a Group III base oil production unit.

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.

The North Asian Used Cooking Oil (UCO) market faces unprecedented challenges as prices hit a 33-month low at $800/mt on Jan. 5, marking the lowest since March 2021.