• 3 minutes China's aggression is changing the nature of sovereignty.
  • 8 minutes Will Variants and Ill-Health Continue to Plague Economic Outlooks?
  • 11 minutes Europe gas market -how it started how its going
  • 3 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 38 mins The Fascist Dictatorship called Russia under Dictator for Life Putin
  • 1 hour Russia, Ukraine and "2022: The Year Ahead"
  • 2 days January 23rd - Washington D.C. and Brussels - Demonstrations Against Tyranny
  • 6 hours Natural Gas is the Cleanest and most Likely Source of Energy to Fuel the World.
  • 1 day Energy Storage Could Emerge As The Hottest Market Of 2022
  • 1 day "Tackling One Of The Fracking Industry’s Biggest Problems" by Robert Rapier
  • 16 hours NordStream2
  • 18 hours Following the Big Money
Things Are Looking Grim For Colombia’s Oil Industry

Things Are Looking Grim For Colombia’s Oil Industry

Colombia’s already-struggling oil industry is…

Canada Sees Oil Investment Rise 22% In 2022

Canada Sees Oil Investment Rise 22% In 2022

Investments in crude oil this…

Matt Smith

Matt Smith

Taking a voyage across the world of energy with ClipperData’s Director of Commodity Research. Follow on Twitter @ClipperData, @mattvsmith01

More Info

Premium Content

Expect Strong Crude Draws As Refineries Recover

It is now a little over a month after Hurricane Harvey made landfall on the US Gulf Coast. While some refineries are still in the process of ramping up activities, refining utilization is clambering back higher towards historical norms. This improvement is being reflected through in higher crude and product flows, with product export activity looking particularly elasticated, snapping back close to whence it once was.

The EIA reported yesterday refinery runs on the U.S. Gulf Coast last week rebounded to 8.15 million barrels per day, back in line with the five-year median. This is a rebound of over 2.4 million bpd from just two weeks ago, and further upside lies ahead in the coming weeks as refineries return to full strength, and strong crack spreads (aka profitability) encourage refiners to run as hard as they can, deferring maintenance where possible. 

(Click to enlarge)

This rebound in refining activity is reflected through in crude import volumes. After dropping to just 111,000 bpd in the week that Harvey made landfall, crude imports into Texas ports rebounded to over 1.1 million bpd last week. Conversely, Louisiana ports discharged 1.54 million bpd in the week following Harvey's landfall - a 16-week high - as cargoes were diverted away from the storm.  

U.S. Gulf middle distillate exports also experienced a significant drop in the week of Harvey's landfall, although loadings from both New Orleans and Pascagoula meant that exports held above 400,000 bpd. Export loadings have since rebounded, averaging about 950,000 bpd over the last three weeks.

Related: The EV Boom Is Dead Without Proper Support

(Click to enlarge)

This strong recovery means that deliveries to key recipients of US Gulf Coast middle distillates have remained fairly well-supplied. Our ClipperData show we saw a dip in deliveries to Latin American destinations in the week before last (reflective of lower loadings in the week of Harvey's landfall) but receipts have since rebounded, and should continue to do so in the weeks ahead.

(Click to enlarge)

As for gasoline exports, they have followed a similar trajectory to middle distillates. US Gulf Coast exports have rebounded back above 1 million bpd last week, after dropping to below 200,000 bpd in the week of Harvey's landfall. Again, the proximity of the leading customer for US Gulf Coast gasoline exports, Latin America, means that the supply disruption has passed nearly as quickly as the storm. Hark, USG gasoline export snapback:

By Matt Smith

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment
  • Kr55 on September 28 2017 said:
    The earliest day for refiners to switch over was Sept 15th, so some could have actually used the downtime to switch early and get their maintenance over with.

    Probably should expect a relatively flat maintenance season, especially with so much ground to make up with products, especially distillates heading into a cold winter.

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News