and last updated 2022-05-20 22:37:56-04. . Consumption declines 2. Consumption declines 2. Houses in this neighborhood have coexisted with oil refineries like Flint Hills for decades. 14, 2022. Karachi May 19 2022: Cnergyico PK Limited (CNERGY) resume its operations after remaining close for few days according to company filling to the exchange. Only those with built-in flexibility will survive, expert says. A similar story has been playing out in our oil refining industry, where we have seen refinery after refinery shutting down. South Africa's biggest fuel refinery is shutting down Staff Writer 10 February 2022 BP South Africa and Shell Downstream South Africa have announced they will pause operations at South African. lower oil prices are good news for refineries, which need to . Italy's API became the first European refiner to shutter a facility. Oil and gas producers evacuated platforms and rigs in the Gulf of Mexico and companies shut down refineries in the storm's path. Refining margins (in $/bbl): Maya U.S. Gulf coking at $16.23 (Feb. 3) LLS U.S. Gulf cracking at $13.24 (Feb. 3) WCS U.S. Midcontinent coking at $38.03 (Feb. 3) East Coast Forcados cracking at $8.93. The refinery employs 650 people and it is unclear how many jobs are in jeopardy should it close. The South African government is turning a blind eye to the shutting down of oil refineries in the country, warns retail analyst Syd Vianello. After receiving nearly $2.5 million dollars from activist groups, Gov. Hollin Kretzmann, an Oakland attorney with the Center for Biological Diversity, said the air quality benefits of a refinery shutting down are welcome but expressed concern about workers. Marathon Petroleum Corp. plans to idle its Gallup, New Mexico, refinery next week, according to a person familiar with the matter. Formula 1 Could Be All-Electric By 2035, Says Fomula E Team Boss. The company said it intended to maintain regular employee staffing levels with employees assigned to tasks "necessary to . Russia's 150,000 barrel-per-day Taif refinery in the Tatarstan region has shut down operations due to product overstocking as demand for Russian oil products slumps amid Western sanctions, three . Melvin Capital, once one of Wall Street's most successful hedge funds which then lost billions in the meme stock saga, will shut down after it was hit again by this year's market slump. by Erin Douglas May 12, 2022 5 AM Central Republish A house in the Hillcrest neighborhood in Corpus Christi on Feb. 7, 2022. It was being supplied by fast-dwindling . S tarbucks said on Monday that it is pulling out of the Russian market over Vladimir Putin's invasion of Ukraine. Posted on Nov 18, 2020 Expectations for a slow post-pandemic fuel demand recovery, which already shut down two million barrels per day of refining capacity in 2020, will limit owners options in the future. 6 days EIA Sees Brent Crude At $107 In Q2 2022. The refinery has a 26,000-barrel-per-day capability. He said two refineries are not going to stop operating if Line 5 shuts down. Lotos said the maintenance will reduce the refinery's throughput capacity in 2021 by an estimated 5%. Most of the time, places are relatively well supplied from local refineries. David Winning and Rebecca Elliott, Wall Street Journal write about refineries under pressure and shutting down, here… "Covid-19 is accelerating a rash of global refinery shutdowns in the world's richest economies. Some 1.2 million barrels a day of Chinese independent refining capacity will shut down over the next few years, while simpler plants in Japan and Australia will . On Thursday, Lyondellbasell Industries announced its plans to shut down its Houston Oil refinery by 2023 permanently. Todd Nordwig said, "Yeah, we were paying about $1.99 a gallon in Wisconsin . More than 3 million barrels of daily . Gabe . BP and Shell will shut down operations at their SAPREF oil refinery by the end of next month. According to Wood Mackenzie, about 1.4 million barrels per day (about 9 percent) of refining capacity in Europe may shut-down by 2022 to 2023, with plants in the Netherlands, France, and Scotland on a list of potential closures. Australia has proposed offering incentives worth A$2.3. Refining capacity will increase by 2.1 million bpd in 2021 with nearly 4.5mn bpd more coming in 2022 . Parts of ExxonMobil's sprawling Baton Rouge complex were shut down over the weekend after a . The largest refineries in North America were shutting down Monday because of arctic conditions that have cut electricity, water and fuel supplies across Texas. Refineries will face volatility in 2021 after demand erosion in 2020. Already refineries in New Mexico and California have shut down. On Thursday, the company. March 4, 2022 Michigan Radio. Engen has shut down its 118,000 b/d in Durban, South Africa. Some of the largest U.S. refineries are winding down in advance of Laura, which could become a major hurricane before landfall, potentially shutting in more than 1 million barrels a day of capacity. "The global lockdowns and associated demand destruction led to the shutdown of refineries that were probably going to shut down eventually," Auers said. The largest refinery in the United States, Motiva's 607,000 bpd Port Arthur refinery, restarted its largest crude oil processing unit relatively quickly, on February 26, after being down for 11 . Hanno Labuschagne 16 February 2022. . May 12, 2022 Andy Stone. The U.S. has 4 of the world's largest refineries with one in Port Arthur, Texas, one each in Baytown, TX, Garyville, LA, and Baton Rouge, LA with […] by Zachary Halaschak, Economics Reporter |. New documents released by the Environmental Protection Agency and U.S. Justice Department shed light on West Indies Petroleum's questions concerning the restart of the former Limetree Bay Refinery on St. Croix that it purchased at a bankruptcy auction in December. More than 1,000 people were hospitalised with . In one particularly unusual move, India's Reliance Industries said it would simply sell the crude oil that it had in transit at sea, rather than allowing the cargo to arrive at its refineries. Today, this figure has dropped below 9%, largely due to an inability to compete on cost. Gretchen Whitmer's first act upon taking office in January of 2019 was to take steps to shut down Line 5, regardless of her campaign promise to be a champion for all Michiganders. On March 30, North Atlantic Refining Ltd announced the first refinery to shut down in North America. In October last year, PetroSA issued a tender for gas. KARACHI: Cnergyico Refinery (formerly Byco Refinery) has shut down its operation following serious cash flow problems in buying expensive crude oil from the international market, The News learnt on Tuesday. The additional refinery closures in the 2021 Refinery Capacity Report largely reflect the impact of responses to COVID-19 on the U.S. refining sector. Refiners closure or shift to renewable fuels have traditionally occurred on the East and West Coasts. Respondents operate all operating and idle petroleum refineries (including new refineries under construction) and refineries shut down during the previous year. Several large refineries were due to start up in 2020 but the pandemic has pushed these back. On March 30, North Atlantic Refining Ltd announced . The problem is a global one. A house in the Hillcrest neighborhood in Corpus Christi on Feb. 7, 2022. . ** South Africa's Astron Energy Cape Town refinery is expecting to restart "at some point" in 2022, the company said. By Michigan Radio. Most of the time, places are relatively well supplied from local refineries. A top executive of the company also confirmed that refinery operations have been closed down for the last one week. 2022; KQED on Benicia Port fire - Fire Chief reports refinery byproducts are burning, so far residents spared by west winds April 9, 2022; Southern Africa's largest oil refinery, South African Petroleum Refineries (Sapref), is on the market after owners BP and Shell shut it down at the end of March. Valero Energy Corp and Total SE separately moved to shut their 335,000 and 225,000 bpd plants in Port Arthur, Texas, due to Monday's severe cold, sources familiar with plant operations said. . TOLEDO, Ohio (WTVG) - The company operating a pipeline serving Midwest refineries says it's ignoring an order by Michigan's governor to shut down as she threatens to go after the company's . Eastern Africa's sole refinery, was shut down in 2013 after former joint . The loss of Melbourne's Altona oil refinery, on top of the looming Kwinana closure in Perth, raise fresh concerns about the nation's ability to produce enough fuel if shipping and supply chains . Smith added Engen would consult stakeholders at the appropriate time should a decision be taken. All the refineries in Toledo and Marathon in Detroit get their oil from more than just Line 5. It's the first U.S. facility to shut as the coronavirus . . Iraq closed public buildings and temporarily shut airports on Monday as the ninth sandstorm since mid-April descended. ©2022 Hearst . The refinery, which closed after an incident in 2020, is "in the process of implementing various initiatives necessary to ensure the safe restart." . 2022 Nexstar Inc. | All . But the pandemic has impacted margins and profitability enough that even refiners on the U.S. Gulf Coast are shutting plants down as seen with Shell's refinery in Convent, LA. European. . 2022 - 4:19 pm ; May 23, 2022 - 4:19 pm . The Limetree Bay Refinery on St. Croix. . Energy consultancy Wood Mackenzie estimated 1.4 million barrels per day, about 9 percent, of refining capacity in Europe is at risk of shut-downs by 2022-2023, with plants in the Netherlands, France, and Scotland on a list of potential closures. This week, millions of Texans were left in the cold and dark for days. At the beginning of 2021, 129 refineries were either operating or idle in the United States (excluding U.S. territories), down from 135 operable refineries listed at the beginning of 2020. . Italy's API became the first European refiner to shutter a facility. Refining activities will wind down over the next six months, with the new terminal expected to open in 2022. Senator Steve Daines visted CHS Laurel Refinery for a tour and a roundtable talk on American and Montana energy. Those refineries still operating are doing so at greatly reduced production, with 60 to 70 percent of facilities currently operating . # OOTT #covid19 #OilPriceWar — Javier Blas (@JavierBlas) March 30, 2020. Documents show conversion could take between 18 months and five years . Shell To Shut Down Louisiana Refinery By Irina Slav - Nov 06, 2020, . March 4, 2022 . ET . The Environmental Protection Agency under President Joe Biden is set to abruptly issue a sweeping denial of economic hardship exemptions to the Renewable Fuel Standard (RFS) program from small oil refineries around the U.S., likely forcing one Texas refinery to go out of business at a time when American energy independence is desperately needed. the latest tech news, global tech news daily, tech news today, startups, usa tech, asia tech . Marathon Petroleum Corp. plans to idle its Gallup, New Mexico, refinery next week, according to a person familiar with the matter. 17 November 2021 At least 900 people in Plaquemines Parish Louisiana are about to lose their jobs as one of the biggest oil refineries in the region is set to shut down shortly into the New Year.. March 21, 2022, at 6:48 p.m. New documents released by the Environmental Protection Agency and U.S. Justice Department shed light on West Indies Petroleum's questions concerning the restart of the former Limetree Bay Refinery on St. Croix that it purchased at a bankruptcy auction in December. Cnergyico Refinery shut down on cash flow concerns. "Actually they receive oil from several different sources. News • May 04, 2022 Stocks jump after Fed raises rates by 50 basis points, but Powell pushes back on bigger hikes: Dow adds 932 points, or 2.8%, Nasdaq gains 3.2% Breaking News • May 04, 2022 Refineries in Corpus Christi owned by Flint Hills, Valero, and Citgo, totaling more than 700,000 barrels per day, had also been slated for controlled . Refineries elsewhere become more competitive This is the case for refineries in Europe now. The big new projects combined with low oil prices will potentially lead to refinery closures in developed markets over 2021 and 2022, Goldman Sachs Group Inc. said in a note last month. # OOTT #covid19 #OilPriceWar — Javier Blas (@JavierBlas) March 30, 2020. 2022, 4:36 p.m. 6 days Oil Prices Fall On Rising Crude, Product Inventories. This put into sharp fears how the pandemic is accelerating the . Back in the 1960s, manufacturing contributed 25% to Australia's GDP. Contributor. units at ExxonMobil's refinery and chemical plant . This changes when one of two things happen: 1. The Environmental Protection Agency under President Joe Biden is set to abruptly issue a sweeping denial of economic hardship exemptions to the Renewable Fuel Standard (RFS) program from small oil refineries around the U.S., likely forcing one Texas refinery to go out of business at a time when American energy independence is desperately needed. March 5, 2022. By Lester Graham, Michigan Radio — March 10, 2022. Sources Factbox: Oil refiners shut plants as demand losses seen continuing (Reuters) The decision . More than 900,000 customers were without power in Louisiana, Texas . Mon 23 May 2022 22.19 EDT. The refinery was shut down in 2012 for failing to follow the Clean Air Act under its previous owner who settled in a $700-million dispute that claimed his company was . Why our oil refineries are shutting down. The South African government is turning a blind eye to the shutting down of oil refineries in the country, warns retail analyst Syd Vianello. LyondellBasell to Shut Down Houston Refinery Image courtesy of LyondellBasell The company plans to exit the refining business as it seeks to advance circularity objectives. May 18, 2022 With global fuel demand still reeling from the pandemic and refineries shutting down elsewhere, Brazil is giving potential buyers another reason for pause: Petrobras is under mounting pressure to sell cheaper gasoline and diesel — a practice that has caused it tens of billions of dollars of losses in the past and would undermine competition . The PetroSA gas-to-liquid refinery in Mossel Bay would be shut down until the end of this month. The local oil refineries are shutting down their production due to massive import of High Sulphur Fuel Oil (HSFO) by the government and low demand from the power sector. The damage could mean a loss of more than 1 million barrels per day in refining capacity just in the . Engen has shut down its 118,000 b/d in Durban, South Africa. Another storm, Marco, had been heading in a similar path, but has lost power and will likely skirt the shoreline later this week. The closure of the site until it . HOUSTON, Texas (KTRK) -- LyondellBasell is leaving the refining business. Companies from energy giant Royal Dutch Shell RDS.A 4.14% PLC to Australian fuel company Ampol Ltd. ALD +0.42% are closing facilities or considering doing […] . It's the first U.S. facility to shut as the coronavirus . . This action came after a bipartisan law was passed in the Michigan Legislature to create a privately funded tunnel by the pipeline operator . Oil refiner Motiva Enterprises said it was shutting its 607,000 barrel-per-day Port Arthur, Texas, refinery, the largest in the United States. The problem is a global one. Oil refineries are shutting down in the wake of rainfall and flooding from Hurricane Harvey. Operators holds up picket signs and acknowledge honking horns outside the Chevron Corp. refinery, Monday, March 21, 2022, in Richmond, Calif. More than 500 workers at . billion ($1.68 billion) over 10 years to keep the country's four. Last year's decline was likely due to Astron Energy and Engen shutting down their refineries in 2021 after fires at the respective facilities in July and . But that appears to have sped up: "The earliest possible timing of import terminal commencement is in 2022," a briefing said. This changes when one of two things happen: 1. They receive a small percentage of their oil . With global fuel demand still reeling from the pandemic and refineries shutting down elsewhere, Brazil is giving potential buyers another reason for pause: Petrobras is under mounting pressure to sell cheaper gasoline and diesel — a practice that has caused it tens of billions of dollars of losses in the past and would undermine competition . Lyondell Bassel called this a "strategic and financial decision." The Houston Oil refinery can transform 268,000 barrels per day of crude oil into transportation fuels like gasoline, diesel, jet fuel, and other products. | May 23, 2022 10:19 AM. The Limetree Bay Refinery on St. Croix. March 5, 2022. Houses in this neighborhood have coexisted with oil refineries like. Marathon will idle its New Mexico refinery and related assets on April 15, becoming the first American fuel maker to stop operations because of the coronavirus pandemic. The last work will be performed on "three systems of the oil unit," starting April 7. BP and Shell will shut down operations at their SAPREF. 2022,".However the source said that the main reason of the shut down is the none supply of furnace oil for power generation. On March 30, North Atlantic Refining Ltd announced . Answer (1 of 3): Shrinking fuel consumption. 15/02/2022. United States Oil Refineries by State 35 of the U.S. states have oil refineries located in them although the only oil refinery located in Virginia is shut down. Parts of ExxonMobil's sprawling Baton Rouge complex were shut down over the weekend after a . European. Demand for refined products is evaporating as the global economy shuts down to battle the COVID-19 outbreak. How much more they can reduce their output of gasoline, diesel, jet fuel and other products without shutting down their refineries all together remains unclear. BP plc plans to stop producing fuel in Australia and will convert its loss-making Kwinana oil refinery, the biggest of the country's four, into a fuel import terminal because of tough competition in Asia. LyondellBasell plans to shut down its Houston refinery at the end of 2023, impacting 550 jobs. The nation's largest crude oil refiner. The best Pulitzer Prize leads of 2022 Roy Peter Clark breaks down his top picks in the writing categories — and explains what makes them so great. Businesses shut down, including oil refineries. Posted by staff | Apr 22, 2022 Chemicals company LyondellBasell announced on April 21 that it will cease operation of its Houston refinery no later than Dec. 31, 2023. API has closed its 80,000 b/d Falconara refinery in Italy. South Africa's biggest fuel refinery is shutting down - and government is now looking to nationalise it Staff Writer 24 February 2022 KwaZulu-Natal premier Sihle Zikalala says the province has. May 7, 2022, 05:00am EDT. units at ExxonMobil's refinery and chemical plant . [nL1N2KL1NT . API has closed its 80,000 b/d Falconara refinery in Italy. The refinery currently employs around 650 people between permanent staff and . 2022 - 4:19 pm ; May 23, 2022 - 4:19 pm . Refinery was temporarily taken out of circulation for a few days due to a delay in arrival of crude oil cargo, which arrived on 16th May 2022, at the SPM and is under clearance. These refineries are located in the 50 States, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, and other U.S. possessions. Refineries elsewhere become more competitive This is the case for refineries in Europe now. Answer (1 of 3): Shrinking fuel consumption. 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