Released October 12, 2020 | SUGAR LAND
en
Researched by Industrial Info Resources (Sugar Land, Texas)--IIR's weekly Global Refining Report gives you the latest inside intelligence on outages, derates, shutdowns, closures, delays and more.
And now there is an interactive, dynamic Global Refining Capacity Dashboard available to further power your refinery capacity research.
IIR has formalized an Alliance with Refinery Calc, which will play an integral role in producing IIR's Global Refining MarketIntel Platform -- the first of its kind in the industry.
This Platform is part of a more comprehensive IIR Global MarketIntel Platform.
Just ask iirteam@iirenergy.com for further information.
Market Commentary:
Prices have rebounded, with OPEC indicating that the worst is over for the oil markets. As OilPrice reports, "Secretary General Mohammad Barkindo said that OPEC is going to continue its oil market management and said the 'worst is over.' The comments came as OPEC unveiled its annual World Oil Outlook."
"Global inventories are currently 220 million barrels above the 5-year average, according to Bloomberg. Regardless, OPEC says it hopes the market will be "very healthy" heading into Q4 2020."
"Notably, the upside for oil could just be getting started, as combined Brent net spec exposure is near decade lows, indicating there could be plenty of room for a relatively smooth - and potentially drastic - move higher."
Brent pricing, Fundamental Analytics]
However, there is a note of caution, as OilPrice goes on to report, "The market is moving toward rebalancing, but this process will likely take many months more and certainly more than initially expected."
"A number of uncertainties put downward pressure on every oil demand forecast and on oil prices these days, including when an effective vaccine could be available to many people in many countries when economies recover, and whether consumer behavior has changed for good with work from home and virtual corporate events and conferences."
There simply remains so much unknown in these markets. 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 crude operationally available 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 the non-COVID-19 outages. Area Charts visualize COVID-19 Impact and non-COVID-19 capacity offline in Asia, Europe and North America.
Petroleum Refining Highlights:
Delta made landfall; Chan-Hom in APAC
October 9, 2020: As Hurricane Delta passes through the Gulf of Mexico, 272 manned platforms have been evacuated, totaling 1,693,232 barrels per day (BBL/d) of crude oil capacity and 1,675.2 million cubic feet per day (MMCFD of natural gas capacity that have been shut in.
Sempra has halted restart activities at its 15 million-ton-per-year (MTPA) liquefied natural gas (LNG) liquefaction plant following an extended outage caused by Hurricane Laura and widespread power outages in the Lake Charles area. Freeport LNG and Cheniere Energy's Sabine Pass plants are expected to continue operations at reduced rates with limited personnel during Hurricane Delta. Kinder Morgan has declared a force majeure event along certain segments of its Natural Gas Pipeline of America pipeline system, affecting several points in Cameron and Vermilion parishes.
The ports of Houston and Galveston were closed to inbound traffic. Port conditions are Yankee, which essentially means they expect to get hit within 24 hours. Locks are closed on the intracoastal waterway. The same status exists for Beaumont, Port Arthur, Orange, Sabine, Port of Lake Charles and Port of New Orleans. The Coast Guard has eight helicopters, four fixed-wing aircraft, seven shallow-water response teams and 20 boats on standby as pre-planning and resource pre-staging continue.
Ethylene producers LyondellBasell, Westlake Petrochemicals and LACC, which were returning to service after completing repairs from Hurricane Laura, have halted restart activities and are in the process of shutting down. Revised restart timelines will be assessed through the weekend once the storm has passed.
Phillips 66 and Citgo have paused the restart of their refineries in Lake Charles, Louisiana, which were taken down as a result of Hurricane Laura. These refineries process a sum of 662,000 BBL/d of crude oil. In addition, Shell has placed its 260,000-BBL/d Convent, Louisiana, refinery into hot-oil circulation, and Delek curtailed rates at its 74,000-BBL/d refinery in Krotz Springs, Louisiana.
Industrial Info's researchers continue to monitor the storm's progress and report on plant closures in the Disaster Impact Tracker tool as they are confirmed.
October 9, 2020 Total, on October 8, shut down the 40,000-BBL/d Crude ACU-2 and 51,000-BBL/d Vacuum Distillation 1 prior to arrival of Hurricane Delta at its 190,000-BBL/d Port Arthur, Texas, refinery.
October 9, 2020 Pemex's TRI 2021 Maintenance Turnaround Program is under assessment at the 270,000-BBL/d Cadereyta, Mexico refinery. The 2021 plan remains to be fully approved by Pemex. It currently consists of a 45-day major maintenance turnaround on the 120,000-BBL/d Combinada 1 (Crude 1), 65,000-BBL/d FCCU 1, 42,500-BBL/d Gasoline Hydrotreater (ULSG Unit), 10,000-BBL/d MTBE 2, and 6,000-BBL/d HF Alkylation 1 units, while 15 days of minor works are expected on the 25,000-BBL/d FCCU 2 and 120 T/d SRU 3.
October 9, 2020 Syzran Refinery has restarted the 6,300-BBL/d TK-3 (Visbreaker) at its 176,900-BBL/d Syzran Refinery in Russia. A planned maintenance turnaround kicked off in early September and was completed in early October. The restart of the 5,700-BBL/d Catalytic Cracker 43-102/1 has been rescheduled to mid-October. The 5,600-BBL/d Reformer LG-35-11/300 remains shut down in reserve mode, and a restart is expected by late October. Meanwhile, the 14,000-BBL/d TK-4 (Visbreaker), 8,700-BBL/d Catalytic Cracker 43-102/2 and associated units have been shut down for a planned 1-month maintenance turnaround in early October. The 16,000-BBL/d Hydrotreater L-24/8C was shut down for unplanned repairs on October 1, and a restart is expected in mid-October.
October 9, 2020 Gazprom Neftekhim Salavat OAO has restarted the 83,500-BBL/d ABT-4 ELOU (Crude 1) and 50,100-BBL/d ABT-4 ELOU (Vacuum 1) units at its 208,500-BBL/d Salavat Refinery in Russia. A planned maintenance turnaround on the units was completed in early October. Meanwhile, the Refinery has rescheduled the restart of the 41,600-BBL/d Hydrotreater (GO-4), 20,800-BBL/d Reformer L-35/11-1000 and 8,680 Isomerization (PGI) units. The restart is now expected October 15. The 31,300-BBL/d Visbreaker (VB) will remain offline in reserve mode until the end of December.
October 9, 2020 Iplom SpA has started to perform a plant-wide maintenance turnaround at its 34,000-BBL/d Iplom Refinery in Italy. The planned plant-wide, maintenance turnaround kicked off on October 5, and completion is scheduled for the end of October.
October 9, 2020 Reliance Industries Limited (RIL) continues to operate its 660,000-BBL/d Jamnagar Domestic Tariff Area Refinery in India at approximately 89% due to low demand as a result of the COVID-19 pandemic. The 330,000-BBL/d CDU 1 and 330,000-BBL/d CDU 2 have remained derated by 11% since September 16. The units are expected to resume normal operations by October 23 (previously reported October 1).
October 9, 2020 Reliance Industries Limited (RIL) has delayed the restart of 380,000-BBL/d CDU 2 at its 760,000-BBL/d Jamnagar SEZ Refinery, India, due to a repair delay. The unit has been shut down since September 22 due to leakage in the Desalter Pipeline. Previously, the CDU 2 expected was expected to restart on October 5. The unit now is expected to be back online on October 11. Additionally, the 380,000-BBL/d CDU 1 has been operating at 88% since October 5, and is tentatively expected to resume normal throughput by October 17.
CLICK ON THE MAPS AND GRAPHS BELOW FOR A LARGER VIEW
Map of Global Refineries impacted by COVID-19/non-COVID -- Ongoing Offline Events
Global Refining Index
Industrial Info's Global Refining Index (GRI) illustrates how much Refinery Capacity is offline versus Normal Operating Capacity. Illustrating with an Operating % at a World Region - Market Region level how healthy Refineries are.. (see graphics below).
Global Regional Available Operational Capacity. 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.
And now there is an interactive, dynamic Global Refining Capacity Dashboard available to further power your refinery capacity research.
IIR has formalized an Alliance with Refinery Calc, which will play an integral role in producing IIR's Global Refining MarketIntel Platform -- the first of its kind in the industry.
This Platform is part of a more comprehensive IIR Global MarketIntel Platform.
Just ask iirteam@iirenergy.com for further information.
Market Commentary:
Prices have rebounded, with OPEC indicating that the worst is over for the oil markets. As OilPrice reports, "Secretary General Mohammad Barkindo said that OPEC is going to continue its oil market management and said the 'worst is over.' The comments came as OPEC unveiled its annual World Oil Outlook."
"Global inventories are currently 220 million barrels above the 5-year average, according to Bloomberg. Regardless, OPEC says it hopes the market will be "very healthy" heading into Q4 2020."
"Notably, the upside for oil could just be getting started, as combined Brent net spec exposure is near decade lows, indicating there could be plenty of room for a relatively smooth - and potentially drastic - move higher."
Brent pricing, Fundamental Analytics]
However, there is a note of caution, as OilPrice goes on to report, "The market is moving toward rebalancing, but this process will likely take many months more and certainly more than initially expected."
"A number of uncertainties put downward pressure on every oil demand forecast and on oil prices these days, including when an effective vaccine could be available to many people in many countries when economies recover, and whether consumer behavior has changed for good with work from home and virtual corporate events and conferences."
There simply remains so much unknown in these markets. 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 crude operationally available 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 the non-COVID-19 outages. Area Charts visualize COVID-19 Impact and non-COVID-19 capacity offline in Asia, Europe and North America.
Petroleum Refining Highlights:
Delta made landfall; Chan-Hom in APAC
October 9, 2020: As Hurricane Delta passes through the Gulf of Mexico, 272 manned platforms have been evacuated, totaling 1,693,232 barrels per day (BBL/d) of crude oil capacity and 1,675.2 million cubic feet per day (MMCFD of natural gas capacity that have been shut in.
Sempra has halted restart activities at its 15 million-ton-per-year (MTPA) liquefied natural gas (LNG) liquefaction plant following an extended outage caused by Hurricane Laura and widespread power outages in the Lake Charles area. Freeport LNG and Cheniere Energy's Sabine Pass plants are expected to continue operations at reduced rates with limited personnel during Hurricane Delta. Kinder Morgan has declared a force majeure event along certain segments of its Natural Gas Pipeline of America pipeline system, affecting several points in Cameron and Vermilion parishes.
The ports of Houston and Galveston were closed to inbound traffic. Port conditions are Yankee, which essentially means they expect to get hit within 24 hours. Locks are closed on the intracoastal waterway. The same status exists for Beaumont, Port Arthur, Orange, Sabine, Port of Lake Charles and Port of New Orleans. The Coast Guard has eight helicopters, four fixed-wing aircraft, seven shallow-water response teams and 20 boats on standby as pre-planning and resource pre-staging continue.
Ethylene producers LyondellBasell, Westlake Petrochemicals and LACC, which were returning to service after completing repairs from Hurricane Laura, have halted restart activities and are in the process of shutting down. Revised restart timelines will be assessed through the weekend once the storm has passed.
Phillips 66 and Citgo have paused the restart of their refineries in Lake Charles, Louisiana, which were taken down as a result of Hurricane Laura. These refineries process a sum of 662,000 BBL/d of crude oil. In addition, Shell has placed its 260,000-BBL/d Convent, Louisiana, refinery into hot-oil circulation, and Delek curtailed rates at its 74,000-BBL/d refinery in Krotz Springs, Louisiana.
Industrial Info's researchers continue to monitor the storm's progress and report on plant closures in the Disaster Impact Tracker tool as they are confirmed.
October 9, 2020 Total, on October 8, shut down the 40,000-BBL/d Crude ACU-2 and 51,000-BBL/d Vacuum Distillation 1 prior to arrival of Hurricane Delta at its 190,000-BBL/d Port Arthur, Texas, refinery.
October 9, 2020 Pemex's TRI 2021 Maintenance Turnaround Program is under assessment at the 270,000-BBL/d Cadereyta, Mexico refinery. The 2021 plan remains to be fully approved by Pemex. It currently consists of a 45-day major maintenance turnaround on the 120,000-BBL/d Combinada 1 (Crude 1), 65,000-BBL/d FCCU 1, 42,500-BBL/d Gasoline Hydrotreater (ULSG Unit), 10,000-BBL/d MTBE 2, and 6,000-BBL/d HF Alkylation 1 units, while 15 days of minor works are expected on the 25,000-BBL/d FCCU 2 and 120 T/d SRU 3.
October 9, 2020 Syzran Refinery has restarted the 6,300-BBL/d TK-3 (Visbreaker) at its 176,900-BBL/d Syzran Refinery in Russia. A planned maintenance turnaround kicked off in early September and was completed in early October. The restart of the 5,700-BBL/d Catalytic Cracker 43-102/1 has been rescheduled to mid-October. The 5,600-BBL/d Reformer LG-35-11/300 remains shut down in reserve mode, and a restart is expected by late October. Meanwhile, the 14,000-BBL/d TK-4 (Visbreaker), 8,700-BBL/d Catalytic Cracker 43-102/2 and associated units have been shut down for a planned 1-month maintenance turnaround in early October. The 16,000-BBL/d Hydrotreater L-24/8C was shut down for unplanned repairs on October 1, and a restart is expected in mid-October.
October 9, 2020 Gazprom Neftekhim Salavat OAO has restarted the 83,500-BBL/d ABT-4 ELOU (Crude 1) and 50,100-BBL/d ABT-4 ELOU (Vacuum 1) units at its 208,500-BBL/d Salavat Refinery in Russia. A planned maintenance turnaround on the units was completed in early October. Meanwhile, the Refinery has rescheduled the restart of the 41,600-BBL/d Hydrotreater (GO-4), 20,800-BBL/d Reformer L-35/11-1000 and 8,680 Isomerization (PGI) units. The restart is now expected October 15. The 31,300-BBL/d Visbreaker (VB) will remain offline in reserve mode until the end of December.
October 9, 2020 Iplom SpA has started to perform a plant-wide maintenance turnaround at its 34,000-BBL/d Iplom Refinery in Italy. The planned plant-wide, maintenance turnaround kicked off on October 5, and completion is scheduled for the end of October.
October 9, 2020 Reliance Industries Limited (RIL) continues to operate its 660,000-BBL/d Jamnagar Domestic Tariff Area Refinery in India at approximately 89% due to low demand as a result of the COVID-19 pandemic. The 330,000-BBL/d CDU 1 and 330,000-BBL/d CDU 2 have remained derated by 11% since September 16. The units are expected to resume normal operations by October 23 (previously reported October 1).
October 9, 2020 Reliance Industries Limited (RIL) has delayed the restart of 380,000-BBL/d CDU 2 at its 760,000-BBL/d Jamnagar SEZ Refinery, India, due to a repair delay. The unit has been shut down since September 22 due to leakage in the Desalter Pipeline. Previously, the CDU 2 expected was expected to restart on October 5. The unit now is expected to be back online on October 11. Additionally, the 380,000-BBL/d CDU 1 has been operating at 88% since October 5, and is tentatively expected to resume normal throughput by October 17.
CLICK ON THE MAPS AND GRAPHS BELOW FOR A LARGER VIEW
Global Refining Index
Industrial Info's Global Refining Index (GRI) illustrates how much Refinery Capacity is offline versus Normal Operating Capacity. Illustrating with an Operating % at a World Region - Market Region level how healthy Refineries are.. (see graphics below).
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.
