logo
episode-header-image
Sep 2024
23m 7s

Europe's refining crisis: Grangemouth's ...

S&P Global Commodity Insights
About this episode

The impending closure of Grangemouth, one of the last six refineries in the UK, raises urgent questions about the future of Europe's refining landscape as profitability declines. Our experts examine the challenges facing the European downstream sector, including evolving supply chains and the impact of energy transition trends.
In this Oil Markets podcast episode, join host Herman Wang, Elza Turner and Kelly Norways as they discuss the potential for further refinery shutdowns and the critical shifts shaping oil markets across the continent.

Links:
Energy Security Sentinel™
ULSD 10ppmS FOB ARA Barge - AAJUS00
Gasoline Prem Unleaded 10ppmS FOB AR Barge - PGABM00
Dated Brent - PCAAS00
Petroineos to close Scotland's Grangemouth refinery Q2 2025 (subscriber content)
Mediterranean refiners cut runs due to margin squeeze (subscriber content)
REFINERY NEWS ROUNDUP: SAF in focus in Asia, Europe (subscriber content)
REFINERY NEWS ROUNDUP: Maintenance, closures, incidents in Europe (subscriber content)
REFINERY NEWS ROUNDUP: Maintenance picks up in Asia-Pacific (subscriber content)

Up next
Nov 20
Crude markets react to firm freight rates and Atlantic oversupply
<p class="MsoNormal"><span lang="EN-GB" style= "mso-ansi-language: EN-GB;" xml:lang="EN-GB">Physical differentials in the North Sea crude market and wider Atlantic basin have reached multiyear lows amid high freight rates and market length in the region. While high freight rates ... Show More
13m 29s
Nov 13
Fleet constraints, rising rates
Global tanker markets are riding high as shipowners post strong third-quarter earnings amid bullish forecasts. What's driving the surge in day rates? Why are newbuilds still lagging even as fleet capacity tightens? How have sanctions reshaped both dirty and clean tanker markets? ... Show More
19m 34s
Nov 6
The final countdown: Europe readies for full Russian LPG ban
Europe's 19th sanctions package has promised to shut the door on the last remaining flows of Russian energy still trading into the region, including butane and isobutane that was previously exempted from import bans. From Jan 2026, the new LPG embargo will force lead buyer Poland ... Show More
18m 51s
Recommended Episodes
Jul 2025
PODCAST: Daily Energy Markets - July 4th
The Daily Energy Markets podcast tackled the ripple effects of a sweeping new US spending bill adding $3 trillion to debt while slashing taxes and gutting key social and climate programs — a clear political win for Trump but raising concerns over debt and dollar pressure. Guests ... Show More
30m 12s
Jun 2024
The Biofuels Report: Asian UCO exports to US surge
<p>With rising demand for sustainable aviation fuel and HVO or renewable diesel, the demand for feedstocks is surging. One feedstock is taking center stage, used cooking oil. </p> <p>Argus recently launched the EPA-compliant UCO fob China and EPA-compliant UCO fob Strait of Malac ... Show More
6m 48s
Jun 2025
Oil Drops As Iran Responds… Plus Novo Nordisk Cuts Ties With Hims & Hers 6/23/25
<p>Crude oil sliding after Iran’s strike on a U.S. base in Qatar. The energy impact, and how the broader markets are reacting. Plus The next move for Novo Nordisk, as the pharma company cuts ties with Hims & Hers. What it means for the weight loss drug space, and how their latest ... Show More
43m 39s
Sep 2024
Fuels Focus: Your Weekly Insight into the US Refined Products Market
<p>Stay informed with Fuels Focus, the essential podcast form Argus that delivers timely analysis and key highlights from the US refined products marketplace. Each week, our experts break down the most significant developments affecting gasoline, diesel, jet fuel, RINs and ethano ... Show More
2m 44s
Sep 26
Markets rattle as data surprises and tariffs return
Markets hit some rough patches yesterday, with all major European indices closing lower, followed by similar losses across the three main US benchmarks. Revised US data revealed an upward adjustment to second-quarter GDP, while jobless claims came in below expectations. This prom ... Show More
13m 31s
Jul 2024
The Crude Report: The TMX series - As volumes hit the water, markets and prices emerge
<p>The start of waterborne loadings from the 590,000 b/d Trans Mountain Expansion (TMX) pipeline is already providing a glimpse of how markets and prices will evolve around this new development. While still in its early stages, the new flows of heavy Canadian crude are having som ... Show More
11m 48s
Mar 2025
Oil and Gas This Week | March 26 2025 | Ep 372
Sponsored by Cognite – https://www.cognite.com/en/ogpodcast Greenpeace ordered to pay $660M to oil company by judge, prompting bankruptcy fears https://www.msn.com/en-us/money/companies/greenpeace-ordered-to-pay-660m-to-oil-company-by-judge-prompting-bankruptcy-fears/ar-AA1BiqeH? ... Show More
34m 25s
Jun 2024
PODCAST: Daily Energy Markets - June 12th
<p>The Daily Energy Markets Podcast dissected the headlines surrounding energy transition in Europe and the US, with James McCallum, CEO &amp; Chairman, Xergy Group, and Professor of Energy, Strathclyde University; and Bill Spindle, Senior Global Correspondent, Cipher News. Bora ... Show More
32m 38s
Sep 30
Markets hold firm as shutdown fears loom
European markets closed higher yesterday, buoyed by strong performances in the healthcare and luxury sectors. In the US, concerns over a potential government shutdown failed to dampen investor sentiment, as a rebound in AI-related stocks helped support equity markets. Beyond mark ... Show More
13m 11s
Oct 20
Turbulence, tensions & turnarounds
Markets swung wildly last week as easing US-China trade tensions clashed with fresh regional bank fears. While Wall Street rebounded on Friday, Europe lagged amid banking and defence sector woes. Bond yields fell, gold slipped, and this morning Asia rallied on Japanese political ... Show More
10m 26s