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SUGAR LAND--May 13, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--It's an interesting time for the world's Petroleum Refining Industry, to say the least. A glut of crude oil on the global market has significantly lowered the price of crude, substantially increasing refining margins. During the most recent round of quarterly earnings reports, Big Oil's downstream sectors helped buoy poor upstream earnings, while refiners such as Valero Energy Corporation (NYSE:VLO) reported record first-quarter profits. Europe's ailing Refining Industry has been given a boost by these increased margins, although new capacity in other parts of the world threatens to diminish these gains.
The tremendous financial and geopolitical qualities carried by crude oil and refined products almost guarantee that global refinery output and trading patterns will continue to shift frequently.
On May 20, Industrial Info will be presenting a complimentary webinar on the global Refining Industry, where we will focus on global spending activity and market trends, with special emphasis on what's happening in 2015 and 2016. All registered attendees will receive an 'On Demand' link to view the recorded presentation at their leisure and are invited to ask questions after the event concludes.
Join us to obtain Industrial Info's unique market insight and learn about key market drivers from our industry experts!
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