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Tag Archives: Wood Mackenzie

Oil refiners shut plants as demand losses seen continuing

Pump jacks operate at sunset in

REUTERS August 14, 2020 HOUSTON/MANILA (Reuters) – Oil refiners are permanently closing processing plants in Asia and North America and facilities in Europe could be next as uncertain prospects for a recovery in fuel demand after the coronavirus pandemic triggered losses. The pandemic initially cut fuel demand 30% and refiners temporarily idled plants. But consumption has not returned to pre-pandemic …

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“We forecast that Corpus Christi will emerge as the top crude exporting hub in the US” (Wood Mackenzie)

PortandTerminal.com, June 11, 2019 Port Corpus Christi has started a massive dredging project to make its channels deeper and wider. The result? Bigger tankers will call the port, and U.S. oil exports now have room to grow Corpus Christi, TX – Port Corpus Christi has been moving from strength to strength over the past several years. The port went from …

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