Industry Perspectives
Hydrocarbon Processing Staff
Mid-year market update
Last month, Hydrocarbon Processing presented its mid-year market update to a global audience. The webcast highlighted major trends affecting the hydrocarbon processing industry, as well as a detailed analysis of active capital projects around the world. The following provides a brief overview of the many topics that were covered. An on-demand version of the webcast “Hydrocarbon Processing’s Industry Market Outlook: 2021 Update” is available at www.HydrocarbonProcessing.com/webcasts.
Demand
According to several industry reports, global fuels demand is forecast to rebound this year and increase in 2022. The U.S. Energy Information Administration forecasts global fuel