In recent years the downstream industry, which includes refineries that process crude oil into gasoline, has increasingly relied on so-called digital twins -- computer-modeled replicas of actual facilities. They allow companies to run simulations to assess operational issues in real-life facilities, mitigate potential hazards and do predictive maintenance (PdM).
Russia says may cut oil output following price cap
Introduced alongside an EU embargo on seaborne deliveries of Russian crude oil, the cap aims to ensure Russia cannot bypass the embargo by selling its oil to third countries at high prices. Russia has said the cap will not affect the Ukraine offensive and expressed confidence it would find new...
