To date, refiners have reaped sizable rewards from cheaper oil. Their margins 2 have swelled as prices of refined products have fallen more slowly than the price of crude oil.. If oil prices remain relatively low for the next 12 to 18 months, the economic backdrop for these companies should remain supportive.
The launch of the delayed coker complex and related optimization measures will increase the output of light products at Nizhny Novgorod Refinery by more than 10%. Increased secondary refining capacity and optimized refinery utilization will help reduce fuel oil output by 2.7 million tonnes per year.
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The Economics of Petroleum Refining Understanding the business of processing crude oil into fuels and other value added products December 2013. Acknowledgements The Canadian Fuels Association acknowledges the following contributors who provided valuable content and insights to make this document a comprehensive, accurate and useful resource: Philip Cross, Senior Fellow, MacDonald Laurier ...
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In Europe, refiners have so far planned to place under maintenance some 520,000 bpd of crude oil refining capacity in September-November this year, compared to 1.3 million bpd capacity halted in ...
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Press Release Lower Oil Prices Create New Incentives for the Refining Industry to Develop and Upgrade Process Technologies
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DES PLAINES, Ill., Sept. 9, 2008 — UOP LLC, a Honeywell (NYSE: HON) company, announced today a price increase of up to15 percent for all catalysts used in the refining and petrochemical industries. The price adjustments are effective immediately or as contracts allow.
Get PriceIn recent years, oil refining margins have been extremely volatile. Unknowns about the future growth rate of the world economy, the price of crude oil, government regulations, as well as the economics of alternative transportation fuels are causing many uncertainties for the industry.
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The Marsden Point oil refinery, operated by Refining New Zealand at Whangarei on the east coast of the North Island of New Zealand, is halving production for at least the next 3 months due to ...
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Palm oil should be obtained through a series of physical and chemical palm oil refining process in the mill plant to ensure the quality of refined palm oil. Only with suitable palm oil processing equipment, the whole physical and chemical pr
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2020-01-14· On the other hand, selling it means you expect the crack spread to weaken, or you think refining margins are deteriorating either due to crude oil prices climbing and/or demand for the refined
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2015-06-02· However, the effects of low oil prices on downstream companies vary by segment and, within some segments, by region. Below we examine the dynamics of three critical segments of the downstream sector: refining, petrochemicals, and specialty products.
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2020-03-03· China oil refining profits plunge 42% in 2025 as overcapacity grows 3/3/2020 Profit margins in China’s crude oil refining sector plunged 42% in 2025 from a year earlier, the steepest fall in 5 years, warning that overcapacity is a growing problem.
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According to the Accenture and Oil&Gas Journal Digital Refining Survey, nearly 60% of refiners are investing more in digital technologies than they did in 2025. OilX, an oil analytics company, combines satellite data, artificial intelligence and maritime intelligence to provide a digital twin of the global crude oil market. Through artificial
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2017-10-24· For example, PBF Energy, a company with refining assets in the U.S. Northeast and Midwest, has seen its share price jump by more than 25 percent since the
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incorporated into these large-scale problems: increases in oil prices implying the need for processing poor quality crudes, increasing demand and new demand patterns for petroleum products, new stringent environmental regulations related to clean fuels and start-up of new production technologies embedded into more complex refining schemes. This paper aims at clarifying the central role of
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The disruption of about a quarter of U.S. refining capacity led to a spike in the share prices for refiners unaffected by the Hurricane. Refining margins have soared and demand for gasoline has
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TECHNICAL SEMINARS. Refining Process Services, Inc. provides technical training seminars in the field of petroleum refining, also called oil refining. The modern petroleum refinery has a series of core process units that create clean gasoline and low sulfur diesel fuel. The first oil refinery unit is crude oil desalting. The desalter removes
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An oil refinery production optimization Marko Kancijan#1, Marin Ivanjko#2, Perica Ilak#3, own sources (fields) or the oil purchased on the market. This oil has a price and it is assumed that the marginal cost of oil price in the market is equal to marginal cost of production from its own resources. Refinery elements, distillation stages and all characteristic parameters are described and
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Most Oil & Gas industry executives have grown accustomed to investing in new hardware for the purpose of rendering their refinery operations more efficient. The efficiency gains result in faster time to market and ultimately, this is reflected in the profitability of the operation. While the gap between initial investment and return on that investment can vary, typical hardware investment ROI
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2013-12-29· The total saponin content in crude oil was 437 ppm, as determined by gravimetric analysis. Most (99.8%) of the saponin in crude oil was removed during the refining process. The physicochemical properties of camellia oil were similar to olive oil. RBD camellia oil is virtually colorless and bland tasting and is suitable for edible purposes.
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competitors. In the oil refining business, the cost of inputs (crude oil) and the price of outputs (refined products) are both highly volatile, influenced by global, regional, and local supply and demand changes. Refineries must find the sweet spot against a backdrop of changing environmental regula-
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2014-11-10· Oil Refinery Optimization This tutorial demonstrates how optimization methods can be applied to maximize profitability for a chemical plant or oil refinery. Category Science & Technology; Show
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2017-11-03· Environment & Safety Gas Processing/LNG Maintenance & Reliability Petrochemicals Process Control Process Optimization Project Management Refining. Home Refining. Refining. Repsol profit leaps on refining and crude price gains. News 11/3/2017. Asia/Pacific / Refining. MADRID (Reuters) — Spanish oil major Repsol posted close to a 90% jump in third-quarter adjusted net profit after higher oil
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The refinery will also produce coke for use in the metallurgy and construction industry. Currently Serbia imports coke but the Pancevo refinery output will cover domestic demand and also allow for some exports. The refinery processes the light Novy Port crude oil, among others, which when blended provides a good yield. Crude is transported to
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2003-03-26· Sodium silicate commands a 50 to 100 percent price premium over sodium hydroxide, and processors need the equivalent to 0.5 to 1 percent of it to the volume of crude oil as a neutralizing agent, depending on the acidity of the vegetable oil. But greater yields, more marketable byproducts and lower maintenance and capital costs can more than
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That focus on processing this oil has enabled Phillips 66's refining business to cash in on those lower prices. The company has been taking a different approach to grow in its refining business.
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2015-08-17· Press Release Lower Oil Prices Create New Incentives for the Refining Industry to Develop and Upgrade Process Technologies
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Refining Optimization and Petro Logistical Services, LLC is a centralized team with over 160+ years in critical refinery disciplines. We also draw on a contract staff of over 35 individuals with similar experience levels and complementary disciplines required for the refining and petro chemical industry.
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Processing practices are reviewed, discussing the chemistry involved. Refining is a process of purification. Both the individual unit operations and the whole integrated process are considered. Efficiency of the physical and the alkaline refining procedures as practiced in Malaysia are compared. Palm oil is unique in being a fruit flesh oil and not a seed oil. The crude oil is produced at the
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Petroleum Refining-Production Planning, Scheduling and Yield Optimization is a hands-on, stimulating learning experience. The training course will be highly interactive, with opportunities to advance your opinions and ideas. Participation is encouraged in a supportive environment.
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That focus on processing this oil has enabled Phillips 66's refining business to cash in on those lower prices. The company has been taking a different approach to grow in its refining business.
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2025-08-12· Everyone’s heard that data is the new oil, but that’s only part of the truth. Paradata understands that data is like crude oil—if you don’t refine it into something you can actually use
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Alberta looking for new refinery to be built in face of ongoing oil price crisis Back to video. Notley’s Tuesday announcement in Edmonton was light on details — there are no goals yet when it
Get PriceTechnical Guide to Energy System Optimization for Refining and Petrochemical Processes(Chinese Edition): YANG YOU QI . DUAN WEI: 9787502191115: Books Amazon.ca
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An optimization-based strategy is developed for crude selection in a refinery with lube base oil (LBO) producing capability. Crude oil is classified into five types based on the viscosity index (VI) and the compositional aspect of vacuum gas oil (VGO).
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IHS Energy Downstream Oil and Refining Consulting helps clients formulate profitable, fact-based strategies in the face of rapid change and uncertainty. Customer Logins Obtain the data you need to make the most informed decisions by accessing our extensive portfolio
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Refinery Economics * * * * * These are the places where currently refineries exist in India. A brief look at the refining capacities will reflect the kind of A free PowerPoint PPT presentation (displayed as a Flash slide show) on PowerShow id: 427990-M2Y5M
Get Price2020-03-22· Federated Co-operatives Ltd. (FCL), which owns the Co-op Refinery, has rejected recommendations made by the province’s special mediator in relation to the refinery lockout. The recommendations
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Mexico: Refinery Fuel Market Outlook. In Mexico fuel demand is driven upward by economic and population growth. The transport sector is expected to be one of the key drivers of fuel demand in the coming years, spurred by an increase in Mexico’s vehicle fleet.
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