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Russia Is Struggling to Repair Refineries Due to Sanctions
Russia Is Struggling to Repair Refineries Due to Sanctions Due to the sanctions, Russia cannot access spare parts from Western engineering companies that have provided refinery equipment in the past, leaving Russian refiners struggling to repair damaged units, multiple industry sources in Russia have told Reuters. Western firms including America’s UOP and Swiss ABB have supplied […]
Implications of Refinery closures for Homeland Security & critical infrastructure safety
Implications of Refinery closures for Homeland Security & critical infrastructure safety Preface. The talk of electric vehicles saving the world from greenhouse gases is nonsense, a red herring to distract everyone from what’s really at stake, and from the material requirements to build them with rare earth and other scarce minerals, and the immense amount […]
Hurricane Ida Shuts Down More Than 90% of Oil and Gas Production in the Gulf of Mexico
Hurricane Ida Shuts Down More Than 90% of Oil and Gas Production in the Gulf of Mexico Experts say the oil refineries that have been shut down account for 9% of the country’s total. A gas pump with gas selling for $1.04 a gallon is shown on May 07, 2020 in Baltimore, Maryland. Photo: Rob Carr (Getty […]
“Extremely Dangerous” – Hurricane Ida Almost Category 5 Strength As It Nears Louisiana
“Extremely Dangerous” – Hurricane Ida Almost Category 5 Strength As It Nears Louisiana Hurricane Ida has rapidly strengthened into a major hurricane with maximum sustained winds of 150 MPH, just seven mph shy of a Category 5. The storm is set to strike Louisiana later this afternoon/evening, and on the same day, 16 years ago, […]
The Oil Refinery Crisis Will Worsen This Winter
The Oil Refinery Crisis Will Worsen This Winter It was only to be expected that many of the world’s refiners would be pinched between low demand for finished products and rising inventories as the pandemic lockdowns continue to stifle activity. But the warm December that is expected this year is also threatening finished products demand. And […]
Refiners Boost Output, But Irma Could Dent Demand
Refiners Boost Output, But Irma Could Dent Demand Texas continues to recover from Hurricane Harvey, and many of the disrupted refineries are ramping up production once again. But the ripple effects from the outages are still being felt, and some Midwestern refineries are benefitting from surging margins stemming from the havoc. Bakken Midwest refining margins […]
From Homes to Refineries, Finding Pollution and Loss in Harvey’s Path
From Homes to Refineries, Finding Pollution and Loss in Harvey’s Path When Harvey’s rain, for the most part, stopped falling on August 30, I started making my way from Louisiana to Texas to document the pollution inevitably left in the storm’s path. That day I got as far as Vidor, a small town in southeast […]
Harvey Hangover Hits Pump Prices, Jet Fuel Premium Highest Since 2008
Harvey Hangover Hits Pump Prices, Jet Fuel Premium Highest Since 2008 “It’s only just beginning,” warned one seasoned veteran energy trader as the hangover from Hurricane Harvey flows downstream to retail gas prices and jet fuel premiums. As Bloomberg notes, Harvey impact currently includes: Colonial says it’ll commingle Rbob and conventional gasoline Explorer Pipeline planning to start […]
Hurricane Harvey Is A Disaster For OPEC
Hurricane Harvey Is A Disaster For OPEC The skies are clearing over Houston, but the damage from the remaining elements of Hurricane Harvey has spread east to Port Arthur and Lake Charles along the Texas-Louisiana border. That has knocked more refineries offline, including the largest refinery in the United States. In the aftermath of the […]
How Long Can U.S. Refineries Remain Offline?
How Long Can U.S. Refineries Remain Offline? When Hurricane Harvey blew into Texas last weekend, it dumped more than 30 inches of rain, flooding Houston and large areas of southeastern Texas, while leaving thousands homeless or without power. The worst storm to hit the U.S. since 2004 and by some estimates the largest rain-storm in […]
US Releases 500,000 Barrels Of Oil From Strategic Reserve As Largest US Refinery May Be Shut For 2 Weeks
US Releases 500,000 Barrels Of Oil From Strategic Reserve As Largest US Refinery May Be Shut For 2 Weeks The U.S. Energy Department announced on Thursday that it would release 500,000 barrels of crude oil from the US Strategic Petroleum Reserve as a result of the disruption to the US petroleum industry following Hurricane Harvey […]
Oil storage tanks filled to levels not seen in 80 years
Oil storage tanks filled to levels not seen in 80 years U.S. oil inventories at levels not seen in at least 80 years North American oil prices could take a hit this fall as there are renewed concerns about a lack of storage capacity. A recent report by the U.S. Energy Information Agency suggests crude […]
Saudis Expand Price War Downstream
Saudis Expand Price War Downstream The undisputed king of oil and gas is making some moves that could change the face of the global refining sector. In June 2015, Saudi Arabia pumped a record 10.564 million barrels a day, a record level. As if being the world’s biggest exporter of oil was not enough, the […]
