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Oil started the week with a gain, after an Iranian missile attack caused damage to the Haifa refinery in Israel over the weekend, prompting a partial shutdown, Israeli media reported, saying the facility remained operational. per barrel, with West Texas Intermediate at $73.77 per barrel.
BPs refinery in Rotterdam had both its crude units offline on Tuesday morning, Reuters reports, citing energy consultancy Wood Mackenzie. A crude unit with a capacity of 200,000 barrels per day (bpd) went offline early on Tuesday. This follows the shutdown of the other 200,000 bpd crude unit in early May for planned maintenance.
(Investing) –HOUSTON – The price spread between WTI Midland crude in West Texas and Houston has narrowed this year as cold weather hurt Permian production, driving up prices, but weaker refinery and export demand on the U.S. That compared to an average of 50 cents a barrel a year ago, when record crude production at the top U.S.
Lyondell Basell Industries permanently shut its 263,776 barrel-per-day (bpd) Houston refinery in February, said Peter Vanacker, the company’s chief executive during a Friday conference call. 7 the company completed the shutdown of the refinery. Reuters reported on Feb.
The Keystone 1 pipeline carries up to 720,000 barrels per day of tarsands from Alberta, Canada to refineries in Texas and Illinois.) An emergency shutdown and response was initiated at about 9 p.m. Obama and Pres. TC Energy oil spill PR oil discharge 12-9-22 (Photo: U.S. CT on Dec.
million barrels daily, which would solidify the countrys status as top global producerand a major reason for the weakness in oil prices. In the latest update from the cartel, Kazakhstan was the main overproducer, with an average daily rate of 1.767 million barrels in February versus a quota of 1.468 million barrels daily.
Summary : The IEA reports that global crude supply is exceeding demand by 600,000 bpd, pushing oil prices toward the $60-$80 per barrel range, with U.S. refineryshutdowns of 400,000 bpd are contributing to the surplus. per barrel and Brent crude rising 1% to $71.30 per barrel. million bpd in 2025.
a barrel by 10:42 a.m. million barrels to 433.6 million barrels in the week ended March 21, the EIA said, a deeper draw than the 956,000 barrels that analysts had expected in a Reuters poll. million barrels to 433.6 Brent crude futures gained 88 cents, or 1.21%, to $73.90 Crude inventories fellby 3.3
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