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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. A total of 101 out of 410 refineries around the world are at risk of getting shut down over the next decade, Wood Mackenzie analysts estimated recently, noting that this number represented 21% of global refining capacity.

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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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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. million, 4.2%

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Valero Mulls Shutdown of California Refinery, Books $1.1B Impairment

Rigzone

Valery said it may end fuel production at its Benicia refinery next year and is evaluating 'strategic alternatives' for its assets in California.

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Lyondell Houston refinery ceased operations in February, company says

BOE Report

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.

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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

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.

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