Subscribe  Log in | Register | Advertise | Digital Issue   |   Search
  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Licensing rounds
Search
Related Articles
Letter from China: Taiwan tensions expose energy risks
China’s heavy reliance on energy imports means it too would be vulnerable in the event of armed confrontation
Letter from the Middle East: Opec balances Russia and the West
The cartel is happy to wait for further developments before committing to more drastic action
Freeport LNG to restart in October
The unplanned outage that took the plant offline in June highlighted the growing global importance of US LNG
Nustar sees continuing Permian growth
The infrastructure firm expects flows through its pipeline system in the US shale heartland to be 10pc higher by the end of the year
US politicians up windfall tax rhetoric ante
Surging downstream profits add fuel to the fire, but the spectre of demand destruction lurks
Reading too much into the Saudi capacity ceiling
MbS almost certainly did not mean what oil bulls have convinced themselves he did
TotalEnergies targets 2027 startup for Papua LNG
Close collaboration between IOCs in Papua New Guinea means other developments may follow
US becomes world’s largest LNG exporter
And the bulk of its volumes are heading to Europe
ExxonMobil signs up for LNG from Next Decade
The deal continues the trend of developers making long-term agreements to start in the second half of this decade and is another milestone for the Rio Grande project
Guyana yields more discoveries
Two more finds have been made at the upstream frontier’s prolific Stabroek block
US refining faces mounting competition
US Refining ExxonMobil
Sandra Octavia
2 June 2021
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

Asian refiners edging out US competition

Rising decarbonisation costs make coastal US refiners vulnerable to expanding Asian export capacity

The closure of ageing refining capacity in recent years amid mounting competition and environmental compliance costs has left US coasts increasingly dependent on imported refined oil products. And export-oriented refineries are having to contend with escalating competition for traditional markets. Ballooning overcapacity East of Suez, where Asia will add 0.39mn bl/d of capacity in 2022 and Middle Eastern capacity will grow by 0.89mn bl/d year-on-year, means gasoline and diesel will be cheap enough to export to Latin America, the US west coast and West Africa. Gulf Coast diesel will also face stiff competition for a slice of the European market in the coming years. Naphtha remains a bright sp

Welcome to the PE Media Network

PE Media Network publishes Petroleum Economist, Hydrogen Economist and Transition Economist to form the only genuinely comprehensive intelligence service covering the global energy industry

 

Already registered?
Click here to log in
Subscribe now
to get full access
Register now
for a free trial
Any questions?
Contact us

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Letter from China: Taiwan tensions expose energy risks
Opinion
11 August 2022
China’s heavy reliance on energy imports means it too would be vulnerable in the event of armed confrontation
Hibiscus blossoms in Southeast Asia
11 August 2022
The Malaysian independent sees the region as an increasingly important part of the world’s energy system, says managing director Kenneth Pereira
Is floating LNG coming of age in Africa?
11 August 2022
Offshore liquefaction projects seem well-suited for the continent’s upstream
Little love lost as Serica and Kistos walk away
10 August 2022
Neither firm will pursue their offer for the other, but they may look elsewhere

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
  • Twitter
Tweets by Petroleum Economist
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2022 The Petroleum Economist Ltd
Cookie Settings
;

Search