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Tag: Refinery

Where is oil going?

The past couple of years have been quite the wild ride, with major global events dominating markets outside of the usual concerns of broad market supply and demand. It seems like a long time ago now, but this time last year, the price of a barrel of Brent crude was about $75. Go back two years, in the wake of the onset of covid restrictions, and that barrel would have cost you $40 (and just $25 a couple of months before that). In the wake of Russia’s attack on Ukraine, you could easily have paid $130, and it has been hovering around $110/bbl for the past few months. The last time oil spent any time at that level was in 2014, just before the Chinese economy ran out of steam and prices slumped by 70%.

Enhanced emission monitoring from sulphur recovery units

The trend for multicomponent analysis of emissions from sulphur recovery units is becoming more widespread. David Inward of Sick reports on a recent field trial to test the suitability of a hot extractive infra-red analyser for this application. In addition to reliably measuring and reporting emissions to air, the analyser is also capable of contributing to reducing overall tail gas emissions by supporting enhanced optimisation of the thermal oxidiser.

Sulphur Industry News Roundup

Global demand for oil products has seen strong recovery in 2021, but depressed kerosene demand from the aviation sector continues to be a major barrier to full recovery, according to data and analytics company GlobalData. The company’s analysis of oil product flows suggests that when kerosene is excluded, oil product demand in Q3 2021 had fully recovered compared to the same period in 2019. However, demand for kerosene, mostly used for jet fuel, has hovered at around two thirds of pre-Covid-19 levels throughout the year, and when that is taken into account, total oil product demand was 3% below pre-Covid levels for Q3 2021. Kerosene demand saw the greatest impact from Covid-19 due to restrictions on air travel. While the sector recovered, to an extent, in the second half of 2020, recovery stalled in 2021 due to new waves of infections and restrictions, with new restrictions linked to the Omicron variant likely to have hit demand again in Q4.

Syngas News Roundup

The UK has published its Hydrogen Strategy, setting out the government’s ambition to create a low carbon hydrogen sector, with up to one third of the UK’s energy consumption being hydrogen-based by 2050. The commitments set out in the strategy unlocks £4 billion of government investment by 2030. The government plans 5GW of low carbon hydrogen production capacity and the establishment of carbon capture, use and storage (CCUS) in four industrial clusters by 2030, as well as blending of hydrogen into the existing gas network and a ‘twin-track’ approach to hydrogen production, using both electrolytic and CCUS-enabled low carbon hydrogen production in order to scale up production in time to meet the UK’s 2030 and 2050 carbon emissions targets.