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- How will 2025 change the oil and gas industry?
- As we step into 2025, the global oil and gas industry stands at a crossroads. With new projects coming online, groundbreaking technologies gaining traction, and geopolitical shifts shaping energy markets, this year promises transformative changes.
- How will technology reshape the oil and gas industry in 2025?
- In 2025, technology will continue to reshape the oil and gas industry, with innovations enhancing efficiency and addressing environmental concerns. Carbon capture, utilization, and storage (CCUS) technologies are gaining widespread adoption, particularly in regions like North America and Europe.
- Will global oil and gas demand increase in 2025?
- Despite growing momentum behind renewable energy, global oil and gas demand is projected to increase in 2025, primarily driven by economic recovery in developing nations. India, for example, is set to see rapid growth in its transportation and industrial sectors, significantly boosting crude oil imports.
- How will the first train affect oil production in Q4 2024?
- The first train (170 kbd) is expected to scale up by Q4 2024, significantly affecting middle distillates like jet fuel and gas oil, similarly to how the Dangote refinery ramp-up progressed. Kpler forecasts gas oil production at Dos Bocas refinery could reach 50 kbd by Q4 2024, depending on crude throughput.
- Will falling refining capacity slow the decline of US refinery margins?
- Yet, the EIA expects falling refining capacity in America to slow the decline of U.S. refining margins. U.S. refining capacity is set to drop by 3% this year, the EIA says, with LyondellBasell’s Houston oil refinery closing, and the Los Angeles refinery of Phillips 66 scheduled for closure by the end of 2025.
- Will US refining capacity drop 3% this year?
- U.S. refining capacity is set to drop by 3% this year, the EIA says, with LyondellBasell’s Houston oil refinery closing, and the Los Angeles refinery of Phillips 66 scheduled for closure by the end of 2025. By Charles Kennedy for Oilprice.com