Released June 01, 2020 | SUGAR LAND
en
Researched by Industrial Info Resources (Sugar Land, Texas)--Industrial Info's weekly Global Refining Report gives you the latest inside intelligence on outages, derates, shutdowns, closures, delays and more. Tomorrow's news today...
Market Commentary
To extend cuts. Or not to extend cuts. That is the question OPEC+ is wrassling with as Russia and Saudi Arabia might once again be at odds about whether to extend cuts through the end of 2020. Each is taking their proverbial toys and going home as they did in early March--which led to the price war and, eventually, a flood of supply hitting the market. That supply is finding its way to North American shores as imports jumped this week by 2 million barrels per day (BBL/d) to 7.2 million BBL/d, according to the U.S. Energy Information Administration's (EIA) Weekly Petroleum Status Report.
These imports played a role in U.S. inventories increasing by 7.9 million barrels; to date, this news has not yet weighed on prices, with WTI at $34.83 and Brent at $35.33. However, though the global hydrocarbon markets are indeed rebalancing as economies throughout the world reopen, thus improving demand, there still is a cautionary tale as U.S.-China relations remain tense. And COVID-19 cases have been increasing in Latin America, which now accounts for 40% of daily virus deaths globally, where Peru, Chile and Colombia have all set daily records in the past week, according to Bloomberg.
Therefore, within this Global Refining Report, IIR hopes to shed some light on what is transpiring from a Refinery Operations perspective as the Global Refining Index (working with ADUs) illustrates what is happening to operationally available crude capacity and how refineries are de-rating and operating overall in these times. The Global Refinery Maps depict the COVID-19 Impact, as well as non-COVID-19 outages. Also, you will find both a Capacity Offline table to quickly display the available operating capacity by region, not to mention Area Charts, which visualize COVID-19 Impact and non-COVID-19 capacity offline in Asia, Europe and North America.
Petroleum Refining Highlights
May 29, 2020 ExxonMobil completed a planned maintenance turnaround on the 240,000-BBL/d Crude B, 45,000-BBL/d Delayed Coker, SRU 2 and Refinery 5 gas plant that started on March 24, 2020, at its 350,000-BBL/d Beaumont, Texas, refinery. De-rates at the facility continue, caused by a lack of fuel demand brought on by the COVID-19 pandemic.
May 29, 2020 Shell, May 28, 2020, shut down the 240,000-BBL/d Crude DU-5 (Distilling Unit) Sweet and Vacuum Flasher, for an 18-day planned maintenance (pit stop) at its 240,000-BBL/d Norco, Louisiana, refinery. First mechanical work will be June 1, 2020; additional units involved include 40,000-BBL/d Hydrocracker and 21,380-BBL/d Coker.
May 29, 2020 IIR has confirmed that Gunvor International has shut down its 110,000-BBL/d Crude Unit, on May 29, 2020, ahead of a rescheduled planned maintenance at its 110,000-BBL/d Antwerp, Belgium, refinery. The three-week de-coking works on the 110,000-BBL/d Crude, 55,000-BBL/d VDU and 20,000-BBL/d Visbreaker units will kick off in early June 2020, with the units being gradually shutdown ahead of the maintenance works. The 55,000-BBL/d VDU has been shut down since May 27, 2020.
May 29, 2020 CNOOC Dongfang Petrochemical Company has rescheduled the 45-day planned plant-wide turnaround at its 40,000-BBL/d Dongfang China Refinery due to poor margins. The turnaround, previously planned to start from April 30, 2020, is now expected to begin April 30, 2021. Major units involved include the lone Crude Unit, 24,000-BBL/d DCC, 12,000-BBL/d Diesel Hydrotreater, 7,000-BBL/d DCC Gasoline Hydrotreater, and 6,000-BBL/d Cracking Diesel Hydrotreater. Expectations are to complete repairs and restart the units by June 13, 2021.
May 29, 2020 Indian Oil Corporation Limited (IOCL) on May 25, 2020, has successfully restarted its 20,000-BBL/d Crude unit at its 20,000-BBL/d Guwahati Refinery, India. Separately, the 1,000-BBL/d Naphtha Hydrotreater, 12,000-BBL/d Diesel Hydrotreater, 2,000-BBL/d FCCU, 1,100-BBL/d FCCU Gasoline Splitter, 1,400-BBL/d Light Naphtha Splitter, 1,000-BBL/d Isomerization 2 and 8,000-BBL/d Delayed Coker Unit expects to restart by June 1, 2020. The refinery is under planned major maintenance and BS VI hookup shutdown since February 20, 2020. Previously, the refinery was planned to restart by May 23, 2020. During turnaround, the design capacity of the 12,000-BBL/d Diesel Hydrotreater will be ramped up to 16,000-BBL/d and 1,000-BBL/d Isomerization units will be ramped up to 1,200-BBL/d.
Map of Global Refineries impacted by COVID-19/non-COVID -- OnGoing Offline Events
Global Refining Index
Industrial Info is releasing a Global Refining Index (GRI) to illustrate how much refinery capacity is offline versus normal operating capacity.
Refining Available Capacity
Global Regional Available Operational Capacity. Current vs. Previous. COVID-19 Impact & non-COVID related outages
Map of Global Refineries impacted by COVID-19/non-COVID - Future(Delayed) Offline Events
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
Market Commentary
To extend cuts. Or not to extend cuts. That is the question OPEC+ is wrassling with as Russia and Saudi Arabia might once again be at odds about whether to extend cuts through the end of 2020. Each is taking their proverbial toys and going home as they did in early March--which led to the price war and, eventually, a flood of supply hitting the market. That supply is finding its way to North American shores as imports jumped this week by 2 million barrels per day (BBL/d) to 7.2 million BBL/d, according to the U.S. Energy Information Administration's (EIA) Weekly Petroleum Status Report.
These imports played a role in U.S. inventories increasing by 7.9 million barrels; to date, this news has not yet weighed on prices, with WTI at $34.83 and Brent at $35.33. However, though the global hydrocarbon markets are indeed rebalancing as economies throughout the world reopen, thus improving demand, there still is a cautionary tale as U.S.-China relations remain tense. And COVID-19 cases have been increasing in Latin America, which now accounts for 40% of daily virus deaths globally, where Peru, Chile and Colombia have all set daily records in the past week, according to Bloomberg.
Therefore, within this Global Refining Report, IIR hopes to shed some light on what is transpiring from a Refinery Operations perspective as the Global Refining Index (working with ADUs) illustrates what is happening to operationally available crude capacity and how refineries are de-rating and operating overall in these times. The Global Refinery Maps depict the COVID-19 Impact, as well as non-COVID-19 outages. Also, you will find both a Capacity Offline table to quickly display the available operating capacity by region, not to mention Area Charts, which visualize COVID-19 Impact and non-COVID-19 capacity offline in Asia, Europe and North America.
Petroleum Refining Highlights
May 29, 2020 ExxonMobil completed a planned maintenance turnaround on the 240,000-BBL/d Crude B, 45,000-BBL/d Delayed Coker, SRU 2 and Refinery 5 gas plant that started on March 24, 2020, at its 350,000-BBL/d Beaumont, Texas, refinery. De-rates at the facility continue, caused by a lack of fuel demand brought on by the COVID-19 pandemic.
May 29, 2020 Shell, May 28, 2020, shut down the 240,000-BBL/d Crude DU-5 (Distilling Unit) Sweet and Vacuum Flasher, for an 18-day planned maintenance (pit stop) at its 240,000-BBL/d Norco, Louisiana, refinery. First mechanical work will be June 1, 2020; additional units involved include 40,000-BBL/d Hydrocracker and 21,380-BBL/d Coker.
May 29, 2020 IIR has confirmed that Gunvor International has shut down its 110,000-BBL/d Crude Unit, on May 29, 2020, ahead of a rescheduled planned maintenance at its 110,000-BBL/d Antwerp, Belgium, refinery. The three-week de-coking works on the 110,000-BBL/d Crude, 55,000-BBL/d VDU and 20,000-BBL/d Visbreaker units will kick off in early June 2020, with the units being gradually shutdown ahead of the maintenance works. The 55,000-BBL/d VDU has been shut down since May 27, 2020.
May 29, 2020 CNOOC Dongfang Petrochemical Company has rescheduled the 45-day planned plant-wide turnaround at its 40,000-BBL/d Dongfang China Refinery due to poor margins. The turnaround, previously planned to start from April 30, 2020, is now expected to begin April 30, 2021. Major units involved include the lone Crude Unit, 24,000-BBL/d DCC, 12,000-BBL/d Diesel Hydrotreater, 7,000-BBL/d DCC Gasoline Hydrotreater, and 6,000-BBL/d Cracking Diesel Hydrotreater. Expectations are to complete repairs and restart the units by June 13, 2021.
May 29, 2020 Indian Oil Corporation Limited (IOCL) on May 25, 2020, has successfully restarted its 20,000-BBL/d Crude unit at its 20,000-BBL/d Guwahati Refinery, India. Separately, the 1,000-BBL/d Naphtha Hydrotreater, 12,000-BBL/d Diesel Hydrotreater, 2,000-BBL/d FCCU, 1,100-BBL/d FCCU Gasoline Splitter, 1,400-BBL/d Light Naphtha Splitter, 1,000-BBL/d Isomerization 2 and 8,000-BBL/d Delayed Coker Unit expects to restart by June 1, 2020. The refinery is under planned major maintenance and BS VI hookup shutdown since February 20, 2020. Previously, the refinery was planned to restart by May 23, 2020. During turnaround, the design capacity of the 12,000-BBL/d Diesel Hydrotreater will be ramped up to 16,000-BBL/d and 1,000-BBL/d Isomerization units will be ramped up to 1,200-BBL/d.
Map of Global Refineries impacted by COVID-19/non-COVID -- OnGoing Offline Events
Global Refining Index
Industrial Info is releasing a Global Refining Index (GRI) to illustrate how much refinery capacity is offline versus normal operating capacity.
Refining Available Capacity
Global Regional Available Operational Capacity. Current vs. Previous. COVID-19 Impact & non-COVID related outages
Map of Global Refineries impacted by COVID-19/non-COVID - Future(Delayed) Offline Events
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
