• 4 minutes Will We Ever See 100$+ OIL?
  • 8 minutes Iran downs US drone. No military response . . Just Destroy their economy. Can Senator Kerry be tried for aiding enemy ?
  • 11 minutes Energy Outlook for Renewables. Pie in the sky or real?
  • 29 mins Shale Oil will it self destruct?
  • 3 hours Berkeley becomes first U.S. city to ban natural gas in new homes
  • 22 hours Excellent Choice: Germany's Von der Leyen Secures Powerful EU Executive Top Job
  • 3 hours Today in Energy
  • 3 hours Oil Rises After Iran Says It Seized Foreign Tanker In Gulf
  • 1 hour Populist, But Good: Elizabeth Warren Takes Aim at Private-Equity Funds
  • 2 hours Mnuchin Says No Change To U.S. Dollar Policy ‘As of Now’
  • 20 hours Migration From Eastern Europe Raises German Population To Record High
  • 13 hours Washington Post hit piece attacking oil, Christians and Trump
  • 1 day White House insider who predicted Iran False Flag, David Goldberg found dead in his New York apartment
  • 1 day Germany exits coal: A model for Asia?
  • 1 day Starlink Internet Courtesy of Tesla
  • 6 hours Why Natural Gas is Natural
A New Gasoline Glut Is In The Making

A New Gasoline Glut Is In The Making

Gasoline prices could fall in…

Shell To Restart Major Oil Refinery

Shell

Shell is set to restart its 325,700-bpd Deer Park refinery in Texas, after shutting it down for three weeks during and after Hurricane Harvey’s sweep of the U.S. Gulf Coast. By noon on Sunday, the refinery’s biggest crude oil distillation unit, with a capacity of 270,000 bpd, was up and running again. The rest of the units are being restarted currently.

The biggest unit, DU 2, is crucial for the operation of the refinery along with DU 1, which has a capacity of 70,000 bpd, because this is where crude petroleum is initially refined and then fed into the other units of the facility. DU 2 was shut down before Harvey due to a fire that occurred on August 17.

The Deer Park facility is a 50/50 joint venture between Shell and Pemex. The Mexican state company recently had to shut down its biggest refinery in Mexico, Salina Cruz, after a magnitude-8 earthquake shook the country’s southern parts. According to reports from last weeks, it would take between three and four weeks to bring Salina Cruz back online.

Harvey shut down almost a quarter of the production capacity in the U.S. section of the Gulf of Mexico, as well as more than a fifth of the country’s refining capacity.

The news will most likely provide additional support for crude oil prices, which have been enjoying the resumption of demand growth after Harvey in the last week or so. Additional upward pressure came from EIA’s latest International Energy Outlook 2017 report, which forecast a 28-percent increase in global energy consumption in the period to 2040, with crude oil demand growing at a healthy rate despite an overall decline in its share of global consumption from 33 percent in 2015 to 31 percent in 2040.

By Irina Slav 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