Gunvor's head of research, Frederic Lasserre, emphasized the volatile nature of the global refining market, stating,
March 24, 2024
In 2024, the International Energy Agency (IEA) projects a shift in global crude throughput patterns, with China relinquishing its dominant position in refinery activity growth.
January 27, 2024
The recent cold spell in the US has resulted in the closure of 15% of refining capacity along the Gulf Coast, equivalent to 1.5MM b/d in throughput capacity, as reported by Wood Mackenzie and cited by Bloomberg.
January 21, 2024