Industrial Info's Weekly North American Refining Report

---

Researched by Industrial Info Resources (Sugar Land, Texas)--IIR's weekly North American Refining Report gives you the latest inside intelligence on outages, derates, shutdowns, closures, delays and more. Tomorrow's news today...

And IIR has recently formalized an Alliance with Refinery Calc, which will play an integral role in producing IIR's North America Refinery Market Intel Platform -- the first of its kind in the industry.

Just ask iirteam@iirenergy.com about a trial...

Market Commentary:
Signs. Crude Runs continue to increase and gasoline stocks continue to decrease. Promising signs. However, distillate stocks rose yet again, as did imports, with exports falling. Not so promising signs.



Fundamental Analytics

And WTI is back over $40. A good sign. Although it is at the top of its range -- a roughly $4 range it has been trading in all of June into July. Not as good of a sign.



Rigs drilling for oil are down 4 to 181.



Not a good sign if one is in oil field services, as thousands of layoffs are happening, but promising if one is hoping there will be a supply/demand balance here in 2020 helping to support prices. More so as OPEC+ is unlikely to extend its cuts into August. However, U.S. production has only fallen to 11 million barrels per day (BBL/d). An interesting sign.

But the most promising sign of all is IIR's recent alliance with Refinery Calc, which will provide Key Performance Indicators (KPIs) such as the Lost Yield Impact Analysis for refineries in North America.



Refinery Calc models all of North America's refineries, providing intel on their crude slates, crude runs, product yields, margins and utilizations. This modeling will provide a slew of intelligence signs of what is happening in regards to refinery operations in North America.

So intriguing times (and signs) are indeed here in North America as one tries to get a good handle on the overall Supply and Demand picture and its impact on the energy industry. Therefore, within this North America Refining Report, IIR hopes to shed some light on what is transpiring from a refinery operations perspective all the way down to the refinery level in Canada. Incorporating a North America Refinery Map as well as Area Chart to illustrate collectively when we can expect refinery capacity to return over the next month or so. For the U.S., IIR is even providing a chart to indicate when we might expect PADDs themselves to become healthier.

Petroleum Refining Highlights
July 10, 2020 - U.S. PADD II: WRB, restarted the 42,000-BBL/d CCU1 at reduced rates on July 8 at its 355,000-BBL/d Wood River refinery in Roxana, Illinois. Previously the unit was expected to restart April 1 after its planned maintenance, but the unit shutdown was extended due to COVID-19.

July 10, 2020 - Husky Energy's 77,000-BBL/d Lloydminster Upgrader in Saskatchewan, Canada remains on schedule for a 28-day, plant-wide maintenance event starting September 2, 2020. The refinery continues to run at reduced rates amid the COVID-19 pandemic.

July 10, 2020 - U.S. PADD II: Marathon restarted the 12,100-BBL/d Ultraformer and the 22,000-BBL/d Diesel Desulfurization Unit DDU (ULSD) on July 9 at its 71,000-BBL/d Mandan, North Dakota refinery after shutting down the previous day due to a process upset.

July 9, 2020 - U.S. PADD V: PBF restarted the 29,500-BBL/d reformer after shutting it down on June 6 at its 155,000-BBL/d Martinez, California refinery. The facility continues to run at reduced rates due to lack of fuel demand caused by the COVID-19 pandemic.

July 9, 2020 - U.S. PADD I: Phillips 66 was in the process of restarting units at its 230,000-BBL/d Bayway refinery in Linden, New Jersey, after experiencing an unexpected plant-wide outage. The plant continues to run at reduced rates as a result of a decrease in product demand brought about by the COVID-19 pandemic.

CLICK ON THE IMAGES AND GRAPHS BELOW FOR A LARGER VIEW

Map of North American Refineries impacted by COVID-19/non-COVID -- Ongoing Offline Events


North America Refining Index


X

North American Refining Area Chart


Canada Refineries


US PADDs


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 https://www.industrialinfo.com.