Oil Refiners in USA Slow Down, Stoking Global Crude Glut Worries …

Aug 12, 2024 · The slowdown bolsters the possibility that an oversupply of crude is looming, a threat that has limited oil prices to a roughly 7% gain this year despite OPEC+’s production …

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Oil Refiners In USA Slow Down, Stoking Global Crude Glut Worries …

2 weeks from now

Aug 12, 2024 · The slowdown bolsters the possibility that an oversupply of crude is looming, a threat that has limited oil prices to a roughly 7% gain this year despite OPEC+’s production …

rigzone.com

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U.S. Refiners Face New Challenges In 2025 – Oil & Gas 360

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3 days ago · U.S. refining capacity is set to drop by 3% this year, the EIA says, with LyondellBasell’s Houston oil refinery closing, and the Los Angeles refinery of Phillips 66 …

oilandgas360.com

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America's Reliance On Natural Gas Is Only Growing

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5 days ago · - Rallying LNG prices have pushed natural gas prices to a premium over crude oil, with the region’s benchmark JKM quotes on average 22% higher than oil per GJ, prompting …

oilprice.com

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Ceasefire News Cools Oil Rally | Rigzone

2 weeks from now

1 day ago · Oil prices fell from recent highs as Hamas and Israel's tentative cease-fire and reduced supply disruption fears cooled a rally driven by global tensions. ... Natural Gas $4.00 …

rigzone.com

FAQs about Oil Refiners in USA Slow Down, Stoking Global Crude Glut Worries … Coupon?

What are the top risks facing the oil and gas industry?

A quick look at the top risks facing the oil and gas industry in the coming years. From fracking, which is under fire constantly, to new taxes, the threat of oil spills, and general market ...

What oil & gas supplies will be affected in 2022?

Lipow Oil Associates President Andy Lipow warned in a note this week that crude oil, gasoline, diesel and natural gas supplies could all be affected. Storage tanks at Marathon Petroleum's Los Angeles Refinery, which processes domestic and imported crude oil, gasoline, diesel fuel and other petroleum products in Carson, Calif., March 11, 2022. ...

Are California refineries under threat from fires?

(Reuters/Bing Guan / Reuters Photos) While the five refineries located in the Los Angeles and Long Beach areas are not under direct threat from the fires so far, several pipelines are, and that means cutting off supplies to not only California, but other states. ...

What are the emissions associated with refining operations?

Scope 1 and 2 emissions associated with refining operations account for around 5% of the global total of oil and gas-related emissions. These emissions result mainly from the energy-intensive processes of distillation and chemical conversion that are integral to refining along with the production of grey hydrogen. ...

Which refineries are most vulnerable to EV penetration?

High-margin inland North American refineries that currently enjoy a location advantage on both crude and products are particularly vulnerable to EV penetration, as are competitively weak refineries in the Middle East and Asia that currently supply their host governments with fuels subsidised for the consumer. ...

What happens if a refinery reduces operating rates?

It could also lead to a buildup at refineries, which might be forced to reduce their operating rates to contain inventory. Lipow said the five Los Angeles area refineries handle 60% of the refining capacity in California and 40% of the refining capacity on the West Coast, including Alaska and Hawaii. ...