Sentences with phrase «refining capacity»

The Gulf Coast, destination for Keystone XL, remains the largest cluster of refining capacity in the world, much of it designed to handle heavy crude — similar to bitumen — from Mexico and Venezuela.

Since the devastating flooding in South Texas and Louisiana has disrupted far more crude oil refining capacity in the region than production capacity, the net result of the storm has been less crude oil being...

Irma comes less than two weeks after Hurricane Harvey smashed ashore in Texas, knocking offline almost a quarter of U.S. oil refining capacity and causing widespread damage, power outages and flooding.

Amid the shutdown of 20 percent of U.S. refining capacity caused by Hurricane Harvey and the pending shutdown of more refineries as the storm moves on to Louisiana, the EIA's latest weekly inventory report may limit the fall in WTI prices.

It reminds me of petro companies refusal to invest in more refining capacity, even with demands from politics and consumers of the need.

Chevron, headquartered in San Ramon, California, is the 2nd largest integrated energy company in the United States, with a production capacity of 2.6 million oil - equivalent barrels per day (75 % of which comes from outside the United States) and global refining capacity of 1.96 million barrels of oil per day.

By the end of this year, total refining capacity will exceed a million barrels a day — making Singapore the world's third - largest oil - processing center, after Houston and Rotterdam.

The figure was higher than the 4.022 million barrels that analysts expected after the shutdown of a large portion of the United States» refining capacity because of Hurricane Harvey.

According to Reuters, as of yesterday, about 3.8 million bpd in refining capacity remained shut down, representing a fifth of the US total.

About half of the shuttered refining capacity along the Gulf Coast could be back up and running by Thursday, assuaging concerns about the possibility of acute gasoline shortages in much of the U.S.

Disrupted refining capacity along the Gulf Coast, along with the impact on millions of motorists, took a large bite out of oil demand, leading to temporary losses for WTI.

I get the arguement here but I'm wondering if it says anything about the need for refining capacity in Alberta.

But with limited refining capacity, most domestic demand for oil products like petrol are serviced by around 17 oil distributors who import from overseas.

Nigeria's existing and aging refineries have a daily domestic refining capacity of 6 million liters, while the daily consumption stands at 35 million liters, so the country has to import the bulk of what it consumes.

As of Monday morning, more than 2.3 million barrels of daily refining capacity was knocked offline, according to Reuters, or about 13 percent of the nation's total.

But there's only so much refining capacity in the heartland: 3.5 million barrels a day in the U.S. Midwest, and about a million split between Alberta and Ontario.

But with refining capacity greater than domestic consumption, some refiners are struggling with indebtedness and surplus product.

However a much larger market, representing nearly half of North American refining capacity, lies on the Gulf Coast of Texas and Louisiana, built up to handle crude from Texas and offshore, as well as imports from Mexico and Venezuela.

For another, it included a weather - driven aberration: Hurricane Harvey took one - third of the U.S.'s refining capacity off - line, leaving domestic producers with fewer buyers for their output.

The company also said that roughly 2.33 million b / d of Texas refining capacity remained down as of today.

«With no refineries between the Gulf coast and Pennsylvania, the south - east is largely dependent on pipelines from the Gulf coast for their fuel, with Colonial being the largest,» Jason Bordoff, the director of Columbia University's Centre on Global Energy Policy, told the FT. «With Colonial shut and a quarter of Gulf coast refining capacity out, the south - east will need to get fuel from storage, other forms of transport from the Gulf like trucks and ships, and imports.

This slump will probably lead to lower demand for Saudi oil, as U.S. production and refining capacity return to normal.

The capital expenditure is mainly on building better refining capacity or increasing presence through stores / stations, maintenance of infrastructure, building delivery pipelines etc..

We believe that the shortage will worsen because (1) the precursors of production (exploration, discovery, reserve life) are very negative, (2) the mining industry has little financial credibility and seems unlikely to attract capital even with a big rise in gold prices, and (3) refining capacity limitations tend to create supply bottlenecks when physical demand spikes.

The Minister of State for Petroleum Resources and Board Chairman, Nigerian National Petroleum Corporation (NNPC), Dr. Emmanuel Ibe Kachikwu, has reeled out options being weighed to guarantee seamless supply and distribution of petroleum products across the Country within an 18 - month corridor, ahead of the eventual attainment of local refining capacity.

According to the Minister, the refinery with 150,000 barrels refining capacity would be located in Port Harcourt or Brass.

Other risks include weaker economic conditions (a risk for most businesses) and additional increases in industry refining capacity.

But COP is cheap, has a large refining capacity, as well as significant E&P efforts around the globe.

What does a 2 °C scenario mean for future refining capacity?

At the same time, the state ranks third in oil refining capacity from its 18 operating refineries.

Last summer, the Navy unveiled a partnership with the federal departments of Energy and Agriculture that will work with the private sector to strengthen domestic biofuel refining capacity.

Yeah, we know, the US needs more refining capacity almost as much as it needs dramatically better fuel efficiency standards.

There are 8.5 million barrels a day of refining capacity on the Gulf Coast.

Royal Dutch Shell Plc, based in the Netherlands, second to Exxon Mobil in global refining capacity, announced plans in December for an algae project in Hawaii.

Today, U.S. refining capacity exceeds 18 million barrels per day, its highest level in 35 years, and domestic refiners are upgrading their operations to produce cleaner fuels and meet the needs of the American consumer.

Carbon Tracker, the analyst house which pioneered the stranded asset or «carbon bubble» theory, has warned a quarter of global oil refining capacity could become unviable and be forced to shut down within 20 years due to falling demand.

It says that you could increase potential refining margins in Alberta, and thereby potentially stimulate more refining capacity, by blocking pipelines, but you'd be doing that by forcing a discount on Alberta crude.

Harvey caused about one - fifth of the nation's total refining capacity to shut down and temporarily ceased about one - fourth of oil production from the Gulf of Mexico (Fortune, August 28).

Goldman Sachs predicts that as of Thursday, half of the shuttered refining capacity will have resumed.

Weeks later, a FirstEnergy Capital report still clung to the idea that ramped - up rail transportation, new heavy - oil refining capacity in the U.S. Midwest and the easing of the storage glut in Cushing, Okla., would keep this monster on a leash.

Goldman Sachs said in a research note that an estimated 3 million barrels per day of refining capacity was offline, as of Monday.

Even if you take upgraders out of that ratio, Canada's refining capacity is already much larger than Norway's.

Nearly 20 percent of refining capacity is offline in Texas and Louisiana, according to company reports and Reuters estimates.

Harvey has affected nearly a fifth of U.S. refining capacity, triggering worries about lack of gasoline and sending gasoline futures to a two - year high this week.

Department of Energy Secretary Ernest Moniz told reporters in Seoul, South Korea that the government was reviewing the issue of crude oil exports, given the mismatch between rising supplies of crude and the U.S. refining capacity, The Wall Street Journal reported.