Industrial Info's Weekly Global Refining Impact Report

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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
This market definitely needs some quality time with a psychotherapist. Prices have gone from April 20 lows close to a negative $40 to recent highs breaching a positive $40, which brought rumblings that some U.S. rigs might be put back out in the plays. Now, fear and uncertainty are creeping back like Freddie Kreuger on Elm Street, with the feeling that the proverbial rug is being pulled out from under Mr. Market. As COVID-19 cases are increasing in the U.S. and South America to the point that Houston -- the energy capital of the world -- might be partially shut down yet again. Not to mention monetary concerns are rearing their head like the Loch Ness Monster. Some pundits even posit that the recent ebullient rally went too far. Too much positivism, not enough fundamental facts.

OPEC+ did agree, however, to extend production cuts through July, keeping one-tenth of the world's supply out of the market, provided its members comply, which is never a certainty. But -- isn't there always a "but" -- Saudi Arabia and its Mid-East allies will not continue with their additional cuts. And, there was indication that Libya might be bringing back production. What the market desperately needs to hear is airplane engines firing back up while witnessing sure signs demand is returning.

Fortunately, 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. Also, you will find both a Capacity Offline table to quickly display weekly what the available operating capacity by region is, not to mention Area Charts, which visualize the COVID-19 impact and non-COVID-19 capacity offline in Asia, Europe and North America.

Petroleum Refining Highlights
June 11, 2020 Imperial Oil continues with a planned maintenance turnaround on the 25,000-barrel-per-day (BBL/d) Fluid Coker that started April 2, 2020, at its 120,000-BBL/d Sarnia, Ontario, Canada refinery. Due to the limited supplies and manpower amid the COVID-19 pandemic, the event has been extended to mid-July 2020. The event was last expected to end on June 8, 2020.

June 12, 2020 Marathon has restarted the 36,800-BBL/d Hydrocracker unit at its 103,500-BBL/d Wilmington, California refinery, after it was shut down for undisclosed reasons on June 9, 2020. The refinery is still derated due to COVID-19. The same hydrocracker had been shut April 15-17, 2020.

June 12, 2020 Pemex TRI continues to keep the 165,000-BBL/d Combinada Primaria 2 (Crude 2) and 40,000-BBL/d FCCU 2 units shut down at its 315,000-BBL/d Miguel Hidalgo (Tula De Allende), Mexico refinery. The units, which have been under planned repairs since November 2019, now are expected to resume operations by the end of June/early July 2020. The 2020 refinery turnaround program, which includes the 25,000-BBL/d HDS Unit 400-1 (Naphtha), 30,000-BBL/d Reformer Unit 500-1 (CCR), 36,500-BBL/d Unit 600-1 (LPG Splitter), 25,000-BBL/d HDD 5 (Diesel Hydrotreater 5), SRU 5 (Train 1), among other units, is tentatively planned to commence in July. Pemex has yet to set a precise kickoff date for the work. The refinery is running its 150,000-BBL/d Primaria 1 (Crude 1) at 115,000-BBL/d, while the remaining operational units are running at approximately 36% of normal capacity.

June 12, 2020 PDVSA was forced to shut down the 85,000-BBL/d Crude 1 in early June at its 625,000-BBL/d Amuay, Venezuela refinery due to pump issues. The 120,000-BBL/d Crude 4 continues online, processing 90,000-BBL/d. Heat exchanger repairs are to be performed on Crude 4 once Crude 1 is back online in a few days. The 120,000-BBL/d Crude 2, which remains under repairs, is to be back online by early July. Planned repairs on the offline 80,000-BBL/d FCCU, accelerated due to COVID-19 pandemic, is to be completed in 3-4 weeks, with the unit coming online by mid-July. A restart date for the 180,000-BBL/d Crude 5, which continues offline due to the COVID-19 pandemic and export restrictions, remains undisclosed at this time, while the 120,000-BBL/d Crude 3, offline since late December 2017, will be kept as such until early 2021.

June 12, 2020 Shell Eastern Petroleum Pte Ltd (SEPL) continues with an unplanned shutdown of the 110,000-BBL/d Crude Distillation Unit 4 and 47,500-BBL/d Thermal Gasoil Unit at its 430,000-BBL/d (Design - 500,000 BBL/d).

The Pulau Bukom Refinery, Singapore, which began a shutdown on April 22, 2020, due to low demand as a result of the COVID-19 pandemic, is tentatively expected to be back online by June 18, 2020 (previously reported May 27, 2020).

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.

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.