Category: Economy

Hydrocracking Technologies – Maximising utilisation via process integration

{0 Comments}

Many refiners have been increasing profits by further integrating the hydrocracker with other processing units (delayed coker, solvent deasphalter, FCC, and so on) to maximise the yield of high quality products as refiners choose to increase complexity to enhance profitability. Several companies are looking to reduce capital investment and operating costs by fully integrating hydrotreating […]

Read More…

Hydrocracking Technologies – Focus shifting to jet fuel

{0 Comments}

Increasing air travel has boosted demand for jet fuel. Refineries are gearing up to make more jet fuel kerosene. For instance, PetroChina has said that it will build a new hydrocracking unit at its Golmud refinery in Qinghai province, China with the capacity to make 150 000 t/y (3200 b/d) of kerosene. The new unit […]

Read More…

Hydrocracking Technologies – Processing a variety of feedstocks

{0 Comments}

OPEC’s 1.8 million b/d production cut for six months effective from 1 January 2017, extended to March 2018, has narrowed the discounts for heavy high sulphur crudes partly because of the construction of sophisticated refinery capacity around the globe, and partly because OPEC’s supply cut has disproportionately impacted heavy and middleweight grades. Meanwhile, the market […]

Read More…

Western Sanctions on Russia

{0 Comments}

In the wake of Russia’s involvement in the 2014 Crimea Crisis and subsequent annexation of the Crimean Peninsula, many Western governments enacted punitive sanctions against various aspects of the Russian economy. Key amongst the areas impacted was the energy sector, a high-profile target because of its importance to the Russian economy. The sanctions have aff […]

Read More…

Oil prices and OPEC

{0 Comments}

The dramatic fall in oil prices from the end of 2014 struck a heavy blow to the Russian economy. Weaker global demand and surging US shale production provided the conditions for a ‘perfect storm’ as the global balance of supply and demand was completely upended. With Russia losing roughly US$2 billion in revenue per dollar […]

Read More…