Latest Update 2021: Global Bitumen Market With COVID-19 Impact Analysis | Top Key Players | Marathon Oil Corporation, Nynas AB, TIB, Total S.A.
The report on “Bitumen Market published by Market Research Store Overview By Industry Top Manufactures, Trends, Industry Growth, Size, Analysis & Forecast Till 2029” the report come up with 150+ pages PDF with TOC including a list of figures and table.
OPEC heads into Thursday’s meeting with Russia and other allies with a better command of world oil prices than it has had in years, analysts said.
Singapore — Transportation fuels — including gasoline, diesel and jet fuel — saw their refining margins improve sharply from 2020 levels amid a pick up in mobility
Marathon Petroleum is permanently closing its two U.S. refineries in Martinez, California and Gallup, New Mexico due to weaker fuels demand amid COVID-19 pandemic. Global demand for refined products fell significantly in 2020 due to the Coronavirus pandemic leaving refiners with surplus fuel inventories and a dramatic drop in refining margins. However, even before the COVID-19 pandemic refining was facing serious headwinds due to rising fuel economy standards, tax credits and regulations for biofuels and electric vehicles. On a regional basis, we expect relatively flat growth in domestic fuel demand across North America and Europe with emerging economies such as Asia and Latin America accounting for majority of growth in the foreseeable future.
Latin America imports of gasoline & diesel are on track to hit a 13-month high of 1.93 mn b/d in April. We see the steady increase in Latin American clean refined product imports as more of a push from suppliers than a demand-driven pull, with growing volumes of gasoline and diesel already heading towards Caribbean storage.
Increasing crude oil prices have pushed up prices of edible oils 7% in the past fortnight as countries across the globe have stepped up use of bio-diesel in order to bring down fuel prices.
U.S. refiners used to be able to count on Latin America as a reliable outlet for exports when fuel consumption was in the doldrums at home. That may no longer be the case because of Covid-19.