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#refining

2 posts2 participants0 posts today

"""
The report emphasizes the importance of petrochemicals over the long term on the assumption that the transition will pick up the pace and demand for fuels will decline as a result.

Demand data, however, suggests that these forecasts are best taken with a pinch of salt.
"""

oilprice.com/Energy/Energy-Gen

OilPrice.comWhat Will the Future Hold for Oil RefinersBy Irina Slav

The closure of #Grangemouth would further reduce #refining capacity in the UK.

As refining has been (in the past) a particular bottleneck in #petrol supply, the move for it to become an import processing plant for #LNG and also to some extent an exporter of LNG-derivitives, may shift the landscape of #energy distribution in the UK.

The Q. is whether this is a problem for 'energy security', a welcome kick towards the transition to #electricvehicles or just the consequence of foreign ownership?

You will have noticed that #petrol prices spiked last week & are expected to continue rising into the #autumn.

While much of this continues to be the result of constraints in supply due to the #UkraineWar, there is also a #refining issue here:

replacement crude is proving more difficult to refine, slowing throughput to forecourts... but (also) refiners are making increased profits.

So, when next you're looking for #greedflation, the petrol #supplychain would be a good place to examine!