Oil Climbs Again As More Analysts Express Confidence Over Demand Recovery
by Ship & Bunker News Team
Thursday April 15, 2021 Although the gains were minimal compared to the previous session s almost
5 percent rise, crude prices on Thursday closed at their highest for two key benchmarks since March 17 - again due to strong demand data spurred by the worldwide Covid vaccination rollout. After it was learned that
U.S. retail sales rebounded more than expected in March as Americans received additional pandemic relief checks and as the vaccinations kicked in, Brent rose
36 cents to settle at $66.94 per barrel, and West Texas Intermediate rose
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Oil Edges Higher On China Data, But Johnson & Johnson Halt Caps Gains
by Ship & Bunker News Team
Tuesday April 13, 2021 Strong import data from
China resulted in another session of price gains for crude on Tuesday, but hypersensitive traders capped the gains with concerns that the highly-criticized pause on the
Johnson & Johnson vaccine could delay the end of the Covid pandemic and, consequently, economic recovery. Crude imports into China jumped
21 percent in March from a low base a year earlier, as refiners ramped up operations; also, the
Organization of the Petroleum Exporting Countries (OPEC) in its monthly report raised its forecast for 2021 oil demand growth by
2021 AFPM Annual Meeting Virtual Edition: A unique refinery-chemicals integration tool
4/12/2021
To remain competitive, refiners are increasingly expanding their product range by forward integrating their output to include petrochemicals, while petrochemical companies are also backward integrating their new capacity additions.
With so many factors to consider, the need is increasing for a detailed understanding of integrated refinery-petrochemical sites to form a complete view of the industry for benchmarking, as well as to inform diversification strategies and identify investment opportunities.
Integration has become a strategic imperative, but measuring its value is notoriously difficult. To combat this problem, Wood Mackenzie has developed REM-Chemicals, which uses best-in-class data to assess integrated site and value chain competitiveness. REM-Chemicals provides a comprehensive view of global integrated refining-petrochemical assets. The tool can also be used to understa
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