Related Articles
Forward article link
Share PDF with colleagues

US refining put on ice

Blizzards in Texas have dramatically halted downstream activities, leaving opportunities for facilities still running

Arctic conditions across the US Gulf Coast have forced downstream companies to declare force majeure and shut in more than 3.6mn bl/d of refining capacity. In the shale patch, intermittent blackouts and power outages have caused widespread supply disruptions as temperatures plummeted to their lowest level in more than 50 years. Almost one-third of US production has been impacted by the cold snap, the largest on record. And while WTI broke the $60/bl ceiling in early February, the hit on refining demand has helped stabilise the oil price, preventing any sudden acceleration due to the knocked-out production. “Given the 3.6mn bl/d refinery capacity shut-in, with refineries estimated to have r



{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Nigeria calls on explorers to stop waiting for PIB
25 February 2021
Nigerian authorities want IOCs to develop new projects in the country, but uncertainty over the Petroleum Industry Bill continues to deter investment
Biden shines spotlight on climate
25 February 2021
International collaboration will be crucial to achieving the Democrat government’s bold climate agenda
Australian shale gathers steam
25 February 2021
The sector may still be in its infancy, but the industry’s prospects have improved rapidly over the last six months
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video