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: 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
Today
LPG boom: Exports, tariffs, and summer demand support North American NGLs
In this episode, the Americas NGLs pricing team discusses Gulf Coast and Canada NGL market dynamics. Light ends manager Sarah Hernandez and LPG reporters Hunter Marrow and Marcus Still review conditions from 2024 that led to record-high export premiums and compare those condition ... Show More
26m 59s
Jul 3
A dive into distillates: The latest on Europe’s diesel and jet fuel markets
With European middle-distillate markets remaining well-supplied amid turbulence in the Middle East, the prospect of new legislation regarding the origin of European product imports provides fuel for thought for market participants. To discuss the latest developments in the middle ... Show More
14m 4s
Jun 26
Airstrikes on Iran put oil war premiums in the spotlight
Oil prices rallied following Israeli attacks on Iranian nuclear and military targets, but just as quickly reversed after the US bombed three of Iran's nuclear enrichment facilities. War premiums were mostly erased after US President Donald Trump said Israel and Iran agreed to a c ... Show More
23m 53s
Recommended Episodes
Jul 4
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
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. Argus recently launched the EPA-compliant UCO fob China and EPA-compliant UCO fob Strait of Malacca price as ... Show More
6m 48s
Jun 23
Oil Drops As Iran Responds… Plus Novo Nordisk Cuts Ties With Hims & Hers 6/23/25
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 tr ... Show More
43m 39s
Sep 2024
Fuels Focus: Your Weekly Insight into the US Refined Products Market
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 ethanol p ... Show More
2m 44s
Jul 2024
The Crude Report: The TMX series - As volumes hit the water, markets and prices emerge
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 some i ... 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
The Daily Energy Markets Podcast dissected the headlines surrounding energy transition in Europe and the US, with James McCallum, CEO & Chairman, Xergy Group, and Professor of Energy, Strathclyde University; and Bill Spindle, Senior Global Correspondent, Cipher News. Bora Bariman ... Show More
32m 38s
Oct 2024
Oil and Gas This Week | Oct 23 2024 | Ep 359
OGTW Live Hours-long toxic gas leak at Pemex oil refinery near Houston far exceeded legal limit https://www.reuters.com/business/energy/pemexs-deer-park-oil-refinery-scales-back-operations-after-fatal-accident-2024-10-12 U.S. crude oil falls below $71 per barrel, continuing sell- ... Show More
30m 59s
May 2024
How shale rewrote the global oil order
For decades, countries in the Middle East have dominated the oil market, pumping large quantities of the world’s supply. Along with that has come a pattern: when there’s conflict in the region, oil prices rise. The pattern seems to be breaking though, mainly because of one thing: ... Show More
17m 41s
May 2024
Driving Discussions: How is US refined oil products export market affected by USGC medium range tanker rates bouncing back?
Get a look at what’s happening now in the US refined oil products export market as medium range (MR) tanker rates in the US Gulf coast rebound from 2024 lows, in this podcast. US Products Associate Editor Jason Metko sits down with Americas Freight Deputy Editor Ross Griffith, to ... Show More
17m 52s