Tag: Refineries
Gulf Coast refinery runs approaching levels seen prior Hurricane Harvey
Hurricane Harvey caused many refineries either reduced runs or temporarily shut down For week ending Oct. 20, 2017, gross inputs to petroleum refineries in the U.S. Gulf Coast averaged 8.8 million b/d, or about 324,000 b/d higher than the previous five-year range for mid-Oct., based on data in EIA’s Weekly Petroleum Status Report (WPSR). Gross inputs, also […]
Tropical Storm Nate shuts down some US Gulf of Mexico production
Tropical Storm Nate expected to hit US Gulf Coast early Sunday Tropical Storm Nate is the second storm in two months to force production shutdowns at some US Gulf of Mexico platforms and staff evacuations at others. The storm carrying intense rainfall has killed at least 10 people in Costa Rica and Nicaragua and is […]
Column: US refiners struggle to keep up with demand for distillates
Distillate stocks dwindle despite near-record run rates by US refiners By John Kemp LONDON, Oct 5 (Reuters) – US refiners are struggling to meet the strong demand for heating oil and other distillates despite operations returning to near normal after Hurricane Harvey. Stocks of distillate fuel oil fell by another 2.6 million barrels to 135 […]
Hurricane Harvey caused US Gulf Coast refinery runs to drop, gasoline prices to rise
Gulf Coast gasoline prices rose by 35 cents per gallon to $2.51/gal Hurricane Harvey caused substantial disruptions to crude oil and petroleum product supply chains and increased petroleum product prices, according to the U.S. Energy Information Administration. For the week ending Sept. 1, 2017, gross inputs to refineries in the U.S. Gulf Coast fell by […]
U.S. refineries are running at record-high levels
Petroleum product inventories, product supplied, and exports higher than previous 5-year averages Gross inputs to U.S. petroleum refineries, also referred to as refinery runs, averaged a record high 17.7 million barrels per day (b/d) for the week ending May 26, according to the U.S. Energy Information Administration. This, before dropping slightly to 17.5 million b/d […]
Singapore carbon tax would hit refiners, help renewables
Singapore carbon tax could indicate longer-term shift to cleaner energy By Jessica Jaganathan and Henning Gloystein SINGAPORE, Feb 21 (Reuters) – The proposed Singapore carbon tax would probably hit oil refiners hard, ramping up costs in an industry that has been central to the city-state’s rapid development over the last half-century. Monday’s announcement that a carbon […]
Condensate rally expected in 2017 as Asian demand soaks up falling supply
Condensate rally expected in 2017 as Asian demand soaks up falling supply By Mark Tay SINGAPORE, Sept 7 (Reuters) – Asia’s market for condensate, an ultra-light oil, should outperform crude oil and liquefied natural gas (LNG) markets in 2017 as demand from new end-users is expected to peak just as Middle East supply should tighten. […]
US gasoline stockpiles look manageable as summer ends: Kemp
13M/b is modest “glut,” should be easy for market to carry and for refiners to work down in year ahead LONDON (Reuters) – U.S. gasoline stockpiles remain at record highs for the time of year but excess inventory is smaller than it appears once adjusted for the higher level of domestic consumption and exports. Stocks of gasoline and […]
American refinery utilization rises, gasoline stocks building – Platts
EIA data showed gasoline stocks build, crude oil drawdown paints mixed picture One bullish sign emerging Wednesday from the US Energy Information Administration data was the fact that refinery utilization rose last week, according to an analysis from S&P Global Platts. Crude oil runs increased 319,000 b/d last week to 16.863 million b/d, pushing refinery utilization 0.9 […]
Crude oil inventories, refinery utilizations, production outages – PLATTS analysis
US weekly imports of Canadian crude oil averaged 2.876 million b/d in May, compared with 3.1 million b/d average The seasonal summer drawdown in US crude oil stocks is underway and an uptick in refinery utilization is expected to push inventories lower last week for the second straight reporting period, according to a preview of the Energy Information Administration data […]
Connect
Connect with us on the following social media platforms.