Informative Articles About Our Research

Why are (were?) we importing oil from Russia?

In 2021, the US imported 700,000 barrels per day (BPD) of crude and refined products from Russia. Of this, 220,000 ...
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Value of octane hits all-time high

The value of octane in the United States just hit an all time high of 12.6 cents per octane-gallon: For ...
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Refining catalysts True or False?

About refining catalysts: True or false?1) The market share leader has the best catalysts2) You can rely on vendor data3) ...
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Update on the MPC-PSX stock price spread

Throughout 2021 and 2022, I have been tracking the difference in performance of Marathon Petroleum (MPC, green) and Phillips 66 ...
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Do refiners buy catalysts on relationships or economic value?

Which would a catalyst sales person rather have: a strong personal relationship with the key decision maker, or the catalyst ...
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Constipated refineries

Recently, it was reported that PBF Energy is considering restarting some secondary units at is partially-idled refinery in Paulsboro, New ...
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Refining earnings news signals Tier 3 margin squeeze

Some news from recent refining earnings reports: Cenovus (CVE) reports low refining profitability Cenovus attributed low 4th quarter refining profits ...
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Capturing RIN trading profits by theoretical price modeling

On December 14, 2021, Hoekstra Trading notified our clients of a RIN credit spread trading opportunity which is indicated by ...
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When are two catalysts really different?

When testing catalysts, we always dedicate one of the four reactors to a reference catalyst sample, to determine the margin ...
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An update on the MPC-PSX stock price spread

Six weeks ago, this comparison of Marathon Petroleum Corp (MPC - green) and Phillips 66 (PSX -red) 2021 stock price ...
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