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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. million, 4.2%
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. This post outlines an agentic solution for predictive maintenance using generative AI agents.
From predictive maintenance to real-time data analytics, AI solutions are revolutionizing how oil and gas companies operate, analyze vast amounts of data, and reduce risk across the board. AI-powered predictive maintenance analyzes vast amounts of operational data in real time to detect early warning signs of potential failures.
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.
refineryshutdowns of 400,000 bpd are contributing to the surplus. bcfd, negative Waha Hub prices caused by pipeline maintenance, and mild weather forecasts through April. 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.
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