• spain crude oil refinery outlook to 2025 – market trends
  • spain crude oil refinery outlook to 2025 – market trends
  • spain crude oil refinery outlook to 2025 – market trends
  • spain crude oil refinery outlook to 2025 – market trends
  • What will the refining industry look like in 2024?
  • Against this context, we anticipate a far more mixed outlook for the refining industry in 2024. Global oil demand will continue to grow in 2024 albeit at a slower pace but will underline the world’s continued reliance on oil especially for transportation and mobility. ADI is forecasting global refinery runs to increase in 2024 by a little over 1%.
  • Will global oil demand rise in 2024?
  • Global oil demand is set to rise by 1.1 mb/d in 2024, 140 kb/d less than projected in last month’s Report as weak deliveries, notably in Europe, shifted first-quarter OECD demand into contraction. The outlook for 2025 is comparatively unchanged, with the pace of growth now marginally surpassing 2024 at 1.2 mb/d.
  • What is the Spain oil and gas industry research?
  • The Spain oil and gas industry research includes comprehensive data and analysis on the country’s oil and gas trends, oil and gas projects, planned investments, competition and market developments to 2030. The study presents short term and long term trends shaping the future of Spain oil and gas markets.
  • How much will crude oil refiners make in 2023?
  • Average U.S. Gulf Coast refining margins were as high as $17 to $20 per barrel in 2023 but we anticipate them to fall to $12 to $15 this year. While these will still be higher than the average seen over the past few years, refiners will globally have to contend with volatility in crude oil prices and refined product demand.
  • How did the global refining industry perform in 2023?
  • The global refining industry had an unexpectedly strong year in 2023 with strong demand recovery especially in diesel and jet fuel and high crack spreads not seen in many years leaving many refiners with strong balance sheets and optimism about the future.
  • Why did global refinery margins ease in April?
  • Global refinery margins eased across all regions in April, as weaker-than-expected demand growth underpinned a collapse in middle distillate cracks and lower throughput levels. Annual growth in refinery activity is forecast to accelerate from just above zero in 1Q24 to 500 kb/d in 2Q24 and to 1.8 mb/d in 2H24.