Oil Refining


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Changes to China's Tax Treatment of Fuel Oil Shakes Up Bunker Market

IMO 2020 leads to important changes in the bunker, fuel oil, and refining sectors in China that could bring about tax changes as China eyes new opportunity The IMO specification change will limit Sulphur content in ships' fuel oil from 3.5 to 0.5 percent from January 2020. This will shift a la ...

Jake Wright


Posted 7 days agoPress > Chinafuel oilBunker +7

Iran Still Likely To Invest In Refinery Expansion, Says Indian Oil

India's largest oil and gas company Indian Oil Corporation Limited recently said that Iran could still invest in one of its subsidiaries for a refinery expansion project. Sanjiv Singh, chairman of Indian Oil stated that Iran has not ruled out its participation in the development at the Chennai Petr ...

Jui Kate


Posted 10 months agoPress > OilgasOil Refining +2

Oil Refining Market is Set to Witness a Consumption of Over 100 Million Barrels Per Day (MBPD) by 2024

Oil Refining Market size will surpass USD 7 Trillion by 2024, as reported in the latest study by Global Market Insights, Inc. Growing demand for lighter petroleum products along with introduction of several air borne emission regulations will drive the oil refining market share. In Europe, MARPOL ...

Amit Kumar Singh


Posted 11 months agoPress > Oil RefiningOil Refining market in us

Oil Refining Market to Witness Massive Demand From the Booming Transportation Sector, Global Consumption to Surpass 100 MBPD by 2024

The significant increase in exploration of oil and gas resources elevated the  oil refining market  to a valuation of more than USD 6 trillion in 2017, with vast investments being done to match the refinery and oil extraction capacities. A stability in the prices of crude oil is being observed gl ...

Mahesh Gore


Posted 11 months agoOpinion > Oil Refininglatest oil and gas news