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Worse, refined product output in Latin America has fallen recently, with Mexico and Venezuela most vulnerable to supply outages in Texas. refined product exports is highly disruptive to the supply chain given the dependency of nations like Mexico and other Latin American countries on the U.S.,” Michael Tran, director of global energy strategy at RBC Capital Markets, told Reuters. In fact, as the world’s largest refined product exporter, disruptions in the U.S. The Gulf Coast also exported 2.7 mb/d of refined products in May, much of which was sent to Latin America and Europe. The disruption will mean that much of the country could see higher gasoline prices soon. For example, the massive refineries on the Gulf Coast send gasoline through a major artery to the U.S. The effects will reverberate well outside of Texas. That has already forced gasoline futures up by 7 percent to their highest levels in two years. As of Monday morning, more than 2.3 million barrels of daily refining capacity was knocked offline, according to Reuters, or about 13 percent of the nation’s total. The first obvious effect is a disruption to the production of refined products, which could have substantial effects on the U.S.
HURRICANE HARVEY FRACKED OIL FULL
Products products full rates.The implications of the refinery outages and the port closures could be dramatic, although how long it will last is uncertain. Williams Transco Gas Gas received on the mainlineĬompanies Pipeline for delivery on the CentralĮnterprise Refined Delivery points operating at
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Magellan Longhorn, Pipelines resumed last week. ** - Considered up and running, not included PIPELINES:Ĭolonial Colonial On schedule to restart linesĮxplorer Explorer 28-inch Texas to Oklahoma * - Included in group running at reduced rates Valero Corpus Christi 293,000** Running at full Valero Texas City 225,000** Running at full Marathon Texas City 86,000 bpd Restarting Marathon Galveston Bay 459,000 Restarted last Marathon Catlettsburg, 19,000 Has delayed a PRICE IMPACT MARKET RIC ACTION FULL STORYĬOMPANY LOCATION CAPACITY ACTION FULL STORY (BPD) The state’s 25 other ports were operational as of Monday, some with restrictions, according to Colonel Lars Zetterstrom, Galveston District commander of the U.S. Port Arthur was one of three Texas ports still closed, along with Beaumont and Port Orange. Coast Guard on Monday allowed some barge traffic to enter Port Arthur and was considering allowing vessels to enter on Tuesday, a spokesman said.
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Gulf of Mexico oil production closed increased to roughly 6.94 percent, or 121,484 barrels bpd, from 5.5 percent on Sunday, said the federal Bureau of Safety and Environmental Enforcement. Operations at its Three Rivers refinery continued to ramp up, while its Houston refinery will increase rates as transportation and logistics infrastructure become more accessible.Īs of Monday, the total of U.S. Valero on Monday said its Corpus Christi and Texas City oil refinery operations had recovered to pre-hurricane levels, while regulatory filings showed the company restarting multiple units at Port Arthur. The Explorer Pipeline was also aiming for a restart.īrazilian Petrobras’ 112,230 barrel-per-day Pasadena refinery in Texas also reported on Tuesday the facility’s planned startup after the storm. Motiva is waiting on the restoration of shipping and pipelines to begin the partial restart, sources said.Ĭolonial Pipeline was reopening its main distillate line from Houston and Pasadena, Texas, to Lake Charles, Louisiana, on Monday afternoon, with expectations to restart its gasoline line on Tuesday. Motiva Enterprises said it could return to 40 percent production at its Port Arthur, Texas, refinery, the nation’s largest with capacity of 603,000 barrels a day, by the end of this weekend. Several others, including Marathon’s Galveston Bay and Citgo’s Corpus Christi refineries, were running at reduced rates, according to company reports and Reuters estimates. capacity.Īs of Tuesday, about 3.8 million barrels of daily refining capacity, or about 20 percent, was shut in, though a number of the refineries in that group were in the process of restarting. Several refineries and portions of key pipelines had resumed operations as of Tuesday, while terminals, drilling platforms and other facilities were working to restart after the storm knocked out roughly 4.2 million barrels per day (bpd) of refining capacity, or nearly 23 percent of total U.S. (Reuters) - Gulf Coast refineries were slowly recovering from the devastating effects of Hurricane Harvey, which hammered Louisiana and Texas for several days, shutting key infrastructure in the heart of the U.S.