Informative Articles About Our Research

This week’s OPIS conference and the biofuels contradiction

Any engineer attending a biofuels conference will notice an atmosphere filled with lawyers, accountants, lobbyists, and RINs traders. It is ...
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CVR Energy – another case study in low refining margins

Investors and analysts are confused about how to interpret low refining margins being reported this year. Much of the confusion ...
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US retail octane value hits new high

Last week, the US average retail octane value (premium - regular gasoline price differential) hit a new high of 71.4 ...
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Strange happenings in refineries

Strange things are happening in this refinery. Is anyone hurt? https://www.amazon.com/13-Days-Pythagoras-Conspiracy-Thrillers-ebook/dp/B015LI65GI/ref=nodl_ When will we have results of those catalyst analyses? ...
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What’s the missing piece in Phillips 66 refining profit problem?

Investors are puzzled over Phillips 66 (PSX) refining profits. Here is a comment from a PSX stock investor last week: ...
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Poor refining profitability puzzles investors

An Aug. 16, 2021 article titled Phillips 66 Stock: Advantaged By Its Refining-Adjacent Businesses, by Laura Starks was published on ...
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Today’s octane economics

Because octane can seem confusing, consider a more familiar commodity, wine. Imagine you own a vineyard. You produce wine for ...
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Refining’s margin capture problem — here’s the hidden cause

A sore point in US refiners' 2021 earnings has been low "margin capture" rates. Margin capture refers to actual realized ...
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Refiners rebuffed again on RIN price pass-through

In an eight-year battle over Renewable Identification Numbers (RINS), refiners have failed to get much relief from their RIN obligations. ...
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Hidden costs of Tier 3 gasoline hurt refiners’ profit margin capture

For the first time, US refiners are being challenged to meet the EPA's Tier 3 10-ppm sulfur gasoline specification while ...
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