Published on
Tuesday, August 25 2020
Authors: Eamon Cullinane
In the wake of demand destruction as a result of COVID-19, refiners across the globe have been forced to turn-down rates or in some cases cease production altogether, while at the same time we have seen a handful of project announcements from refiners investing and retrofitting assets for renewable diesel…
Published on
Tuesday, August 18 2020
Authors: Eamon Cullinane and Robert Auers
The COVID-19 pandemic (and responsive government actions), together with the wave of violent protests and calls to “defund the police” are leading to potentially major shifts in where and how people in the U.S. live in the coming years. These shifts can be referred to as either de-urbanization or counter…
Published on
Tuesday, August 11 2020
Authors: Eamon Cullinane and Sam Davis
The COVID-19 pandemic has had a profound impact across the industry, with companies having had to respond to unprecedented declines in transportation fuel demand and a historic crash in crude oil prices. To boost liquidity and shore up cash reserves, companies across the board have reduced capital and operating costs…
Published on
Tuesday, August 4 2020
Authors: Robert Auers and John Auers
By any measure, 2020 has not gone as planned for anybody and this is particularly true for refiners for whom almost nothing seems to have gone right. This point is coming across loud and clear during the round of 2nd quarter earnings calls currently being conducted by both independent and…
