Refining Prices, markets & analysis
ICIS C1 Energy provides premium coverage of the refining markets.
Our editors and reporters follow the markets closely, publishing price assessments, analysis and news in a series of reports and studies.
The report provides in-depth information on market conditions, foward trends and price drivers.
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Refining news and market information products from ICIS
We offer the following regional Refining analysis and news coverage to keep you informed of factors and developments affecting prices in the Refining marketplace.
Price Reporting – More information about the price reports we publish on Refining
Independent price assessments and market coverage by region
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News & analysis
News & Analysis - News & market analysis specifically relating to Refining
Breaking news of latest developments affecting the markets.
Insight and analysis of factors driving prices.
Refining: Market overview
Updated to Q3 2014
Crude throughput in China is expected to increase and China’s monthly average imports of crude will stay high at 25m-26m tonnes in the third quarter because of reduced refinery turnarounds, operations of some new refining projects and strong storage demand, according to ICIS C1 Energy data.
Most major refiners (subsidiary to Sinopec and PetroChina) have resumed normal production in succession after they completed heavy turnarounds in the second quarter.
Only 40m tonnes/year (800,000 bbl/day) refining capacity will be taken off line for maintenance at major refineries in July-September, a significant drop of 35% from the previous three months, ICIS C1 Energy data showed.
Sinopec is planning to process 57.5m-58.0m tonnes of crude in the third quarter, an increase of about 3.6% from the previous quarter, company sources said. Its crude throughput in the second quarter fell by 4% to 55m-56m tonnes due to heavy refinery maintenance, ICIS C1 Energy data showed.
PetroChina is set to refine 36m-37m tonnes of crude in the third quarter, an increase of 4.3%.
News & analysis
Refining news & analysis
ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.