Refining & Petrochemicals
Refinery operations, margins, turnarounds, and petrochemical production.
Latest Refining Stories
Worley Consulting analyzes refining margins
Worley Consulting provides an analysis of refining margins, focusing on current trends and market dynamics affecting profitability. The report highlights factors influencing margins and operational efficiencies in the refining sector.
Refining margins analyzed by Muse, Stancil and Co.
Muse, Stancil and Co. provide an analysis of current refining margins, highlighting trends and market dynamics. The report discusses factors influencing profitability in the refining sector.
Worley Consulting reports on refining margins
Worley Consulting provides an analysis of refining margins, highlighting trends and factors affecting profitability in the refining sector. The report discusses various market dynamics and their implications for refiners.
Enbridge sanctions $1.4-billion project to add Canadian heavy-oil egress to US refining markets
Enbridge has sanctioned the $1.4 billion Mainline Optimization Phase 1 project to increase transportation capacity for Canadian heavy oil. The project will add 150,000 b/d to the Mainline system and 100,000 b/d to the Flanagan South pipeline, with expected completion in 2027. Additional expansions are being considered to accommodate anticipated growth in Canadian oil supply.
Mexico's crude oil exports decline as domestic refining increases
Mexico's crude oil exports have decreased from approximately 1.1 million b/d in 2020 to about 665,000 b/d in 2025, marking a nearly 40% drop. The decline is attributed to increased domestic refining needs, with refinery throughput reaching a 10-year high of 1.14 million b/d in November 2025. Diesel production rose by 42% year-on-year, while gasoline output increased by 26% during the same period.
Refining sector faces challenges in Europe as crude prices struggle
The refining sector in Europe is projected to face significant challenges, with around 100 out of 500 global refineries at risk of closure within 10 years, primarily due to declining margins and policy pressures. In contrast, the refining complex in the Eastern Mediterranean and beyond appears to be adapting better to market conditions. Brent crude prices are struggling to maintain a floor at $60 per barrel, with potential declines anticipated in the near future.
Refining sector faces challenges in Europe while Eastern Mediterranean thrives
The refining sector in Europe is projected to face significant closures, with around 100 out of 500 global refineries at risk, primarily in Europe. In contrast, the Eastern Mediterranean and Asia are seeing growth due to lower compliance costs and rising competition. The current crude price is struggling to maintain a $60 per barrel floor, with potential challenges ahead.
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- Refinery operations, margins, turnarounds, and petrochemical production.
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