Shell Idles Unit At Texas Refinery Due To Demand Crash
Shell is idling a unit at the Deer Park, Texas, refinery for several months due to low demand for fuels, sources familiar with the refinery’s operations told Reuters . The Continue Reading
Texas Refiners Contend with Virus Rebound
Oil refineries aren’t being spared as Covid-19 sweeps through Texas, which is setting records for new infections and hospitalizations in the U.S. almost daily. The second-biggest U.S. refinery, Marathon Petroleum Continue Reading
Shell Considers Selling Its 240,000 Bpd Louisiana Refinery
Shell is considering selling its 240,000-barrels-per-day refinery in Convent, Louisiana, as part of a broader strategy to reshape its refining portfolio, the supermajor’s spokesman Curtis Smith told Reuters . Sources Continue Reading
US Refineries Still Running Below Seasonal Norm
U.S. gasoline demand recovered to where it was before the pandemic closed much of the country, but it’s still well-below where it usually is in height of the summer driving Continue Reading
Oil crash piles pressure on bloated refining sector
Oil refineries are struggling as the worst demand-crash in decades cascades through the industry, leaving plants around the world at risk of closure. Demand for fuel remains depressed and stockpiles are Continue Reading
Lost in Oil’s Rally: $2 Trillion-a-Year Refining Industry Crisis
Crude oil is the world’s most important commodity, but it’s worthless without a refinery turning it into the products that people actually use: gasoline, diesel, jet-fuel and petrochemicals for plastics. Continue Reading
Analysts Expect Refinery Closures
The global refining industry is entering a consolidation phase as slowing oil demand growth is set to coincide with large-scale projects that will start coming online next year, according to Continue Reading
Goldman Says Refineries to Shut on Less Demand, New Projects
The global refining industry is entering a consolidation phase as slowing oil demand growth is set to coincide with large-scale projects that will start coming online next year, according to Continue Reading
US refinery capacity tops 20 million b/d in 2020 as refiners slow, defer further expansion plans
The US Energy Information Administration’s annual report on American refineries showed capacity topped 20 million b/d in 2020, as refiners increased their ability to run more price-advantaged domestic crude to Continue Reading
USAC refiners see higher Bakken margins
New York — Better margins have US Atlantic Coast refiners buying more Bakken, as exports of the North Dakota crude appear to have tapered off and the grade’s discount widened, Continue Reading
Exxon Slows Gulf Refinery Expansion
Exxon Mobil Corp. will delay the startup of its Beaumont refinery expansion on the Texas Gulf Coast by a year as the oil giant weathers low demand for petroleum products Continue Reading
European refiners restart plants, units
European refineries that were suspended due to the coronavirus are now restarting plants or units, as demand picks up, even though margins remain volatile. Receive daily email alerts, subscriber notes Continue Reading
The World Has Too Many Oil Refineries
At the start of the global pandemic in March, refineries around the world had to cut back on processing amid collapsing demand. However, there is a structural problem underway in Continue Reading
Refinery margin tracker: US refiners absorb Saudi barrels then turn to local supply
New York — US refinery margins gained traction last week, led by rising gasoline and diesel demand as regions reopened from coronavirus lockdowns – and just in time to refine Continue Reading
Supply Shortages Prevail During Covid-19 Outbreak, Restricting Growth of Oil-water Separator Market
Global Oil-water Separator Market Growth Projection The new report on the global Oil-water Separator market is an extensive study on the overall prospects of the Oil-water Separator market over the Continue Reading
Crashing Fuel Demand Leads To Large Loss For This Big U.S. Refiner
U.S. refiner Valero Energy Corporation ( NYSE: VLO ) reported on Wednesday a net loss of $1.9 billion for Q1, compared to a profit for the same period last year, Continue Reading
Prolonged coronavirus impact exposes cracks among Asia, Oceania refiners
An extended period of coronavirus-related oil demand destruction has exposed weaknesses in Asia and Oceania refineries, with a slew of fuel producers in the region reviewing 2020 operation plans in Continue Reading
China’s March oil product output slumps 13% on year at 33.85 mil mt
China’s overall output of six major oil products — LPG, naphtha, gasoline, jet/kerosene, gasoil and fuel oil — fell by an average of 12.5% year on year at 33.85 million Continue Reading
Refinery margin tracker: USWC refinery run cuts pay off as Saudi crude arrivals ramp up
Weak refining margins resulting from poor demand has US West Coast refiners further paring back runs, with Marathon temporarily idling its 161,500 b/d Martinez, California, refinery as stay-at-home orders remain Continue Reading
Some refineries in Africa halt on coronavirus
Some refineries in Africa are halting production or considering reducing throughput due to reduced demand on the coronavirus pandemic and soaring inventories. Chad’s Ndjamena refinery in Djarmaya temporarily suspended processing Continue Reading
U.S. Refineries In Jeopardy As Gasoline Consumption Plunges
Last time when prices at the pump were so low—about four years ago—it was heaven for drivers. Now, with lockdowns across most states, it is anything but: gasoline may indeed Continue Reading
Some US Oil Refineries May Be About to Shut
The next step for some U.S. refineries that have already cut way back may be a full stop. Marathon Petroleum Corp. plans to idle its Gallup, New Mexico, refinery next week, Continue Reading
BP’s U.S. Refineries Cut Run Rates As Demand Crumbles
Limited storage for refined products has forced BP to cut the refinery rates at its three largest refineries in the United States to 80-85 percent as fuel demand is crumbling Continue Reading
HollyFrontier cuts refinery runs to 70% as coronavirus pandemic eats away at gasoline demand
HollyFrontier said it has cut rates to 70% at its refineries as it looks to manage demand destruction brought upon by the coronavirus pandemic. Receive daily email alerts, subscriber notes Continue Reading
US refiners shift into maximum diesel mode as gasoline prices dip below $1/gal
US refiners are getting slammed by falling demand for petroleum, but some are faring worse than others depending on location and ability to increase distillate output as the diesel-to gasoline Continue Reading
Refiners Are Having To Pay To Produce Gasoline
When the oil markets go into a deadly tailspin as they have right now, sooner or later, everybody in the value chain starts to feel the heat keenly. Only three Continue Reading
Global oil refiners shut down as coronavirus destroys demand
he first oil refinery shutdowns in India and Europe were announced on Friday while global refinery runs drop like a stone in response to plunging demand as countries worldwide implement Continue Reading
American Pump Prices Fall Below $2 in First Time in Four Years
U.S. retail gasoline dropped below $2 a gallon for the first time since March 2016, before President Trump was elected. The average pump price fell to $1.99 per gallon Friday, retail tracker GasBuddy said. Continue Reading
Cheap Gasoline Forcing US Refiners to Throttle Back
Oil refiners across the U.S. are being forced to throttle back operations amid a historic plunge in gasoline demand and prices. Plants representing more than 10% of U.S. fuel-making capacity Continue Reading
Refiners Race To Reduce Rates As Fuel Demand Falls Off A Cliff
Refining operations in Europe and elsewhere in the world are being curtailed as gasoline and jet fuel demand is falling off a cliff due to the enormous demand destruction in Continue Reading
Refiners Race To Reduce Rates As Fuel Demand Falls Off A Cliff
Refining operations in Europe and elsewhere in the world are being curtailed as gasoline and jet fuel demand is falling off a cliff due to the enormous demand destruction in Continue Reading
Exclusive: Sinclair Oil weighs offers for company sale: sources
Sinclair Oil Corp, which operates two Wyoming refineries and has licensed more than 1,000 branded gasoline stations, is reviewing offers to buy the company, according to three people familiar with Continue Reading
Canadian firm starts US prep work for Keystone XL pipeline
A Canadian company said Wednesday it has started preliminary work along the route of the proposed Keystone XL oil sands pipeline through the U.S. in anticipation of starting construction next Continue Reading
It’s official: Federal judge shuts down the largest oil refinery on the East Coast
A federal judge finally confirmed the Chapter 11 bankruptcy plan of Philadelphia Energy Solutions (PES) on Thursday. The plan includes the sale of PES’s 1,300-acre refinery complex to a real Continue Reading
China’s Shandong independent refiners cut run rates to 4-year low of 40% in Feb
China’s independent refineries in eastern Shandong province have cut February run rates to a four-year low of around 40% in February, down from 63.5% in January, as product sales slump Continue Reading
Refinery run cuts in China, Japan prompt crude suppliers to slash offers
As major Northeast Asian refineries continue to slash their run rates and crude throughput levels in the wake of the coronavirus outbreak, various crude suppliers from West Africa, Far East Continue Reading
China’s Shandong independent refiners cut run rates to 4-year low of 40% in Feb
China’s independent refineries in eastern Shandong province have cut February run rates to a four-year-low of around 40% in February, down from 63.5% in January, as product sales slump due Continue Reading
This Philadephia refinery is the country’s worst benzene polluter. Trump wants to keep it open.
Before it exploded last June, Philadelphia Energy Solutions (PES) — the largest crude oil refinery on the East Coast — was processing 335,000 barrels of oil each day. It was Continue Reading
Ten U.S. refineries emitted excessive cancer-causing benzene in 2019: report
Ten U.S. oil refineries, including six in Texas, released the cancer-causing chemical benzene in concentrations that exceeded federal limits last year, according to government data published by the green group Continue Reading
China’s small refineries to post deepest throughput cut as coronavirus spreads
China’s small-scale independent refineries are set to witness their sharpest throughput cut in February as the slowdown in the economy was aggravated by the coronavirus outbreak, refining sources and analysts Continue Reading
Refinery news roundup: Unplanned outages at key US Midwest refineries support stronger gasoline, diesel prices
Unplanned outages at several large Midwest refineries are supporting higher diesel and gasoline prices, market sources said. Group 3 suboctane gasoline was assessed at prompt NYMEX RBOB minus 1.15 cent/gal Continue Reading
Number of US crude oil refineries has declined but total distillation capacity has risen from 1982 to 2019
In 1982 there were over 250 operating crude oil refineries in the United States; that number declined to 132 by 2019, according to data from the US Department of Energy Continue Reading
Bad News For Oil: Refinery Profits Are Sliding
After a short-lived, half-hearted rally, oil prices are down again with a vengeance, retracing levels last seen before the assassination of General Soleimani by the American government. WTI prices surged Continue Reading
Exclusive: Royal Dutch Shell seeking buyer for Anacortes, Washington refinery – sources
Royal Dutch Shell Plc ( RDSa.L ) is looking to sell its oil refinery in Anacortes, Washington, according to three people familiar with the matter. If completed, this and other Continue Reading
French Unions Blockade Refineries in Bid to Stop Pension Reform
PARIS — French unions blockaded several oil refineries on Tuesday, aiming to cause shortages at petrol stations after a month-long public transport strike failed to force the government to withdraw Continue Reading
Massive Strikes In France Block Exxon Oil Refinery
Exxon’s refinery at Fos-sur-Mer in France was blocked by a strike of union workers on Tuesday as part of a massive French strike against a proposed pension reform, and shipments Continue Reading
Why oil refining is a critical part of the energy industry
It does not have the glamour of wildcatting in distant frontiers, nor the customer visibility of petrol stations, but oil refining is a critical part of the industry. It turns Continue Reading
French strike sees refinery units halted, tug assistance affected
Staff at Petroineos’ Lavera refinery in France started halting units this weekend due to a strike, according toCGT sources and local media reports. The company declined to comment. There have Continue Reading
Nigeria: Sell the Refineries
In the continuing efforts to revive the nation’s four refineries in Port Harcourt, Warri and Kaduna, the Federal government signed Memoranda of Understanding [MoUs] with China, India, Saudi Arabia and Continue Reading
New evacuation order for Texas city hit by explosion, chemical fire
Authorities issued a second evacuation order in a week for thousands of residents of a Texas city after air monitors discovered cancer-causing chemicals following an explosion and fire at a Continue Reading