Published on Monday, December 21 2020
Authors: John Auers

As the COVID-19 pandemic continues to persist and impact our lives, lifestyles, and livelihood in so many negative and disruptive ways, it might be tough this Christmas for many of you to get into the celebrating mood.  2020 certainly has been a challenging year both personally and professionally, and uncertainties…

Published on Tuesday, December 15 2020
Authors: John Mayes and John Auers

In the last ten years, refining capacity in Latin America has declined by over 230 MBPD in spite of growing demand, which has increased by about 120 MBPD.  Further exacerbating this growing imbalance is a sharp decline in the refinery utilization rates of the existing refineries in the region.  In…

Published on Tuesday, December 8 2020
Authors: John Mayes and John Auers

For the global refining industry, 2020 has been an exceptionally tumultuous year. As we’ve discussed in our blogs over the last few weeks, the COVID-19 pandemic induced a collapse in the consumption of petroleum products which has resulted in the closure of numerous refineries around the world.  Along with the…

Published on Tuesday, December 1 2020
Authors: John Mayes and John Auers

Last week, we began a discussion of refining industry developments in the sunny (but sometimes very stormy) Caribbean. As we outlined in that blog, refineries located in the Caribbean islands have in past years been a very important source of refined product not only within the region but also for…