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One in Five Refineries Faces Shutdown Despite Rising Fuel Demand

OilPrice

Refineries are switching to biofuels or shutting down due to hostile regulationsbut demand for oil products is growing. This could result in either a market imbalance that will make these products more expensive or a geographical imbalance, which those who care about supply security wouldnt like.

Refinery 360
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Israel’s Haifa Oil Refinery Damaged in Missile Strike

OilPrice

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. At the time of writing, Brent crude was trading at $74.83 per barrel.

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Crude Processing At One of Europe’s Top Refineries Goes Offline

OilPrice

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.

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Israel’s Oil Refineries says pipelines, transmission lines in Haifa damaged in strikes by Iran

BOE Report

Israel’s Oil Refineries said its pipelines and transmission lines in Haifa had been damaged by missile strikes by Iran, according to a regulatory filing to the Tel Aviv Stock Exchange.

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Weak refinery, export demand weakens prices for Midland crude along Texas coast

Oil & Gas 360º

(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. A 10% tariff by the U.S.

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Port Harcourt Refinery in Nigeria to Shut Down for Maintenance

Rigzone

National oil and gas company NNPC did not say how long the shutdown, which includes a 'sustainability assessment', would last.

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AI in Oil and Gas – A Game-Changer for Efficiency and Profitability

Aresco

AI in oil and gas is propelling the industry to new heights. The oil and gas industry has always been driven by innovation, and today, artificial intelligence (AI) is pushing the sector into a new era of efficiency, precision, and profitability. Digital twinsvirtual models of physical assetsare also transforming maintenance strategies.

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