2024 very popular big oil refinery machine in Bloemfontein

Ongoing refinery developments in Africa

  • 2024 very popular big oil refinery machine in Bloemfontein
  • 2024 very popular big oil refinery machine in Bloemfontein
  • 2024 very popular big oil refinery machine in Bloemfontein
  • 2024 very popular big oil refinery machine in Bloemfontein

Executive summary Oil 2024 Analysis IEA

Navigating the Global Refining Landscape in 2024: Trends

Global Refining Industry Braces for Tough 2024

Development Status and Prospect of Global Oil Refining

  • 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 new refineries be a challenge in 2024?
  • The global refining industry will face a challenging 2024 as more new capacity comes on stream, according to a Vitol executive, who also said that future investments in new refineries are unlikely because of the energy transition. Fewer new refineries should paint a picture of lower future capacity and, hence, higher margins to come.
  • 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.
  • Will the oil refining industry accelerate a green and low-carbon transformation?
  • In the context of accelerated restructuring of the global industry chain, the green and low-carbon transformation of the oil refining industry may accelerate. According to major authorities, global oil demand is expected to peak around 2030, after which refined oil products will bear the brunt of the gradual replacement and decline.

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