• 4 minutes China 2019 - Orwell was 35 years out
  • 7 minutes Wonders of US Shale: US Shale Benefits: The U.S. leads global petroleum and natural gas production with record growth in 2018
  • 11 minutes Trump will capitulate on the trade war
  • 14 minutes Glory to Hong Kong
  • 46 mins China's Blueprint For Global Power
  • 7 hours Yesterday Angela Merkel stopped Trump technology war on China – the moral of the story is do not eavesdrop on ladies with high ethical standards
  • 6 hours IMO 2020:
  • 48 mins Here's your favourite girl, Tom!
  • 7 hours Brexit agreement
  • 2 hours The Problem Is The Economy, Not The Climate
  • 3 hours Idiotic Environmental Predictions
  • 2 hours The Ultimate Heresy: Technology Can't Fix What's Broken
  • 6 hours Australian Hydroelectric Plant Cost Overruns
  • 1 day World Stocks Drop And Futures Tread Water After China Reports Worst GDP Growth In 30 Years
  • 1 day Deepwater GOM Project Claims Industry First
  • 9 hours NATGAS, LNG, Technology, benefits etc , cleaner global energy fuel

Shell Aims To Restart Crude Unit At Europe’s Biggest Refinery

Refinery

Shell will try to restart this Friday one of the two crude distillation units at its 404,000-bpd Pernis refinery—the biggest refinery in Europe—after it was shuttered following a fire at the end of July, Bloomberg reported on Tuesday, quoting a person familiar with the situation.

The Pernis refinery in Rotterdam was shut down on July 31, after a short circuit caused a major fire. Last week, expectations were that the Pernis refinery would be closed for at least two weeks and resume operations “at the earliest in the second half of August.”

Shortly after today’s report of the expected attempt at a restart of one of two crude distillation units, European diesel futures extended their drop in London at mid-day local time, as traders faced the realization that fuel may start flowing again sooner than expected, Bloomberg and ICE Futures Europe data showed.

Immediately after the Shell refinery outage at the start of last week, diesel prices in Europe surged. According to a survey by Bloomberg, the refinery shutdown could lead to increased flows of diesel from Asia.

Europe’s diesel imports from the U.S. were set to hit a 12-week high after the Shell refinery outage, a Bloomberg survey of shipbrokers showed. Apart from higher imports from Asia, traders were expecting lower gasoline exports to the U.S. 

Related: Is The EIA Exaggerating U.S. Oil Production?

Earlier this year, a fire at Total’s Leuna oil refinery near Leipzig in eastern Germany disrupted diesel and gasoline supplies to gas stations in the region, and some retail stations were running out of fuel.  

In Greece, Hellenic Petroleum declared force majeure on its 100,000-bpd Elefsina refinery in July, suspending diesel exports.

Even before Shell shut down Europe’s biggest refinery following the incident last week, refining margins in Europe had hit their highest since November 2015.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play