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BPs refinery in Rotterdam had both its crude units offline on Tuesday morning, Reuters reports, citing energy consultancy Wood Mackenzie. This follows the shutdown of the other 200,000 bpd crude unit in early May for planned maintenance. A crude unit with a capacity of 200,000 barrels per day (bpd) went offline early on Tuesday.
(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. refinery utilization stood at 85.6% Gulf Coast pressured that market lower. premium to U.S.
In today’s complex industrial environments, predictive maintenance remains a key challenge for Energy, Utilities, and Manufacturing sectors. McKinsey estimates mid-size refineries lose $20–50 million annually due to reliability issues. Immediate inspection and shutdown may be necessary to prevent catastrophic failure.
By continuously monitoring machinery performance, AI enables companies to address maintenance issues before they escalate, preventing costly shutdowns and enhancing overall safety. AI models analyze real-time data from drilling sites, pipelines, and refineries, adjusting operations to optimize production and efficiency.
Israel’s refinery output for Q1 dropped 16% from the previous quarter to 243,500 b/d, or 82% of nameplate capacity, according to the latest filings from the country’s two refineries: the 197,000 b/d Bazan Refinery at Haifa in the north and the 100,000 b/d Ashdod Refinery in southern Israel.
(Note: TC Energys (formerly TransCanada) Keystone pipeline is not to be confused with the companys proposed Keystone XL pipeline a separate pipeline project that was defeated and cancelled two separate times under Pres. TC Energy oil spill PR oil discharge 12-9-22 (Photo: U.S. Obama and Pres. CT on Dec. 30 spill. #21:
refineryshutdowns of 400,000 bpd are contributing to the surplus. billion in the first two months, led by Constellation Energys $16.4 The post Valor | Energy Connection Mar. production expected to rise by 400,000 bpd to 13.6 million bpd in 2025. power sector have surged in 2025, with 27 deals worth $36.4
(Oil Price) –The International Energy Agency just threw a bucket of ice water on oil bulls, reporting that crude supply is outpacing demand by 600,000 bpd and slashing its demand outlook for the year. Energy Information Administration said in its latest Short-Term Energy Outlook that it expected U.S.
Energy Information Administration said on Wednesday. “The discount on Venezuelas exports could go up to 35%, and difficulties in commercialization could generate bottlenecks that could lead to production shutdowns amounting up to 400,000 barrels per day, more than half of Venezuelas exports,” said Barclays analysts in a note.
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