by Matthew J Stephens, Economic Engineering Manager | May 23, 2022
Executive Summary Over the past two years, the combination of the coronavirus pandemic and a pre-existing push for a shift to renewables has drastically changed the refining economic environment. Specifically, from 2019 to 2022 we have seen: Reduction in operable...
by Matthew J Stephens, Economic Engineering Manager | Sep 1, 2021
With tight natural gas supplies globally, expect to see energy and carbon optimization become more significant in plant optimization After taking a month’s holiday from the blog, we are back this month with what has probably been the biggest change in the market –...
by Matthew J Stephens, Economic Engineering Manager | Jul 14, 2021
Energy Transition accelerated in EU and USA by Covid-19 resulting in peak Mogas demand, other regions to keep oil demand growing for some time In this month’s economic engineering update, we zoom out for a look at the global supply and demand environment for oil,...
by Nell Lukosavich, Senior Marketing Manager | Jul 13, 2021
Transforming Safety Culture from a Program to an Organizational Principle In today’s ever-changing downstream landscape, both operators and service providers are facing a number of varying factors, from feedstock and equipment disturbances, to regulatory and...
by Matthew J Stephens, Economic Engineering Manager | Jun 1, 2021
US Refiners See High Crack Spreads, but Renewable Fuel Credits Eat into Actual Profits Recently we have seen some buzz about refining crack spreads being at favorable levels. While this appears to be true on the surface, a key component of understanding actual...
by Matthew J Stephens, Economic Engineering Manager | Apr 16, 2021
Fuels demand projected to increase, although less than 2019 The US Government’s Energy Information Administration (EIA) released their take on how gasoline and diesel demand might recover in their Short Term Energy Outlook (STEO) this week. The forecast shows that...
