Easwaran Kanason

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India’s Mega Refinery Takes Shape

Announced in 2015, the West Coast Refining and Petrochemicals Project in India was to have been commissioned in 2022. A joint venture between the three Indian state refiners – IndianOil, HPCL and BPCL – to feed India's soaring energy demand, land acquisition for the refinery in the Ratnagiri distri ...

Easwaran Kanason


Posted 10 days agoOpinion > IndiaMega Refinery

Idemitsu - Showa Shell, One Step Closer

After proving to be a thorn in the side of the planned merger between Japanese refiners Idemitsu and Showa Shell Sekiyu since 2016, the family of Idemitsu's founder Sazo Idemitsu has now acquiesced to the wishes of Idemitsu's board and dropped its opposition to the merger. This paves the way for th ...

Easwaran Kanason


Posted 10 days agoOpinion > IdemitsuShowa ShellJapan +2

Counting Down to Vienna

  Almost everyone seems to agree that US$80/b – at least in this current environment – is not conducive for the oil business. While oil producing countries are reaping benefits right now, they are also worried that prices sustaining at this level will cause demand destruction in key markets like ...

Easwaran Kanason


Posted 1 month agoOpinion > oil priceViennaDemand +7

OPEC, A Friend Indeed

  The magic number seems to be 1 million barrels. At least, that is what has been requested by the US to Saudi Arabia and some other OPEC producers in an unofficial appeal. After President Donald Trump publicly complained on Twitter that ‘OPEC is at it again!!!' when US crude prices surged to th ...

Easwaran Kanason


Posted 1 month agoOpinion > Nrgedge articlenrgedgeOPEC +4

The Growing WTI - Brent Spread

  As of June 1, the spread between Brent and WTI – the two major world oil benchmarks – has widened to US$11/b. This is essentially the widest level in 3 years, and although it pales in comparison to the peak spreads of US$26/b in 2012, it also points to some fundamentals issues within crude supp ...

Easwaran Kanason


Posted 1 month agoOpinion > WTIBrentSpread +2
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