The value of an octane barrel has risen significantly in recent years going from $2.10 in 2010 to $3.99 in 2015. This has surprised industry analysts since the refining industry has been blending a growing amount of ethanol, which has an octane rating of ~113, and the general consensus was that the industry had a […]
The return of the refiner?
Refiners have seen cause for growing optimism in the past few months, especially those in the U.S. Gulf Coast, Rockies, and the Midwest. Three factors are driving prospects of a renewal after nearly five difficult years: 1. Supply rationalization: Nearly 4.5 million barrels per day of refining capacity has disappeared in the past five years. […]