What’s the purpose of “Hydrocarbon Custody Transfer”? Depends on who you ask! Custody transfer means something different to everyone.
With declining crude prices putting pressure on refineries, we are seeing a larger-than-average number of refineries choosing to shut down operations, especially those with slimmer margins. What is interesting; however, is that crude demand is remaining relatively constant, and the remaining refineries are showing a consistent volume of crude throughput. These refineries are not; however,… read more →