Pheonix Research - Editorial Index
Editorial analysis anchored to industries, segments, and the market intelligence behind them.
Global crude throughput is 83.5 million barrels a day and does not reach 85 by 2033. The refinery additives market still compounds at 3.52 per cent a year, because heavy sour barrels — a quarter of the volume — carry 45.5 per cent of the value at USD 0.235 a barrel against USD 0.055 for light sweet. And the bill is not paid out of a chemicals budget. It is paid out of the discount.
The EU refuses fuels refined from Russian crude, and India's share of its diesel and gasoil imports has fallen from 14% to 3%. For an export refinery, a molecule rule bites harder than a tariff.
Russia's share of India's crude imports fell from 56% in July to 33-36% in September as Urals moved from a $10 discount to a premium over Brent. Pheonix Research puts September flows at 1.74-1.90 million barrels a day.
