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6 year trend of maintenance costs' for the same trend group of 68 refineries. The data represent total annual refinery maintenance cost per unit of refinery capacity and complexity, a term Solomon Associates calls equivalent distillation capacity
Nigeria awarded Italian company Comerint SPA a $7.6 million contract for turnaround maintenance on its 125,000 b/d refinery at Warri, said a spokesman for Nigerian National Petroleum Corp. The work is expected to be completed within 5 months. The contract is part of a drive by NNPC to repair all ...
Importation of refined fuel products into Nigeria will continue even after the four Nigerian refineries have undergone maintenance turnaround and are operating at maximum capacity, said managing director of Nigerian National Petroleum Corp. Jackson Gaius-Obaseki in early July.
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In the US,” noted analyst Michael Cohen, “high seasonal stock levels, growing production, and fall refinery maintenance could pressure domestic crude prices over the next 2 months and potentially shift [West Texas Intermediate] into
showed a decline in the oil inventory. Analysts had forecast an increase in oil supplies, saying that seasonal refinery maintenance continues to reduce demand. But the US Energy Information Administration said crude oil inventories, excluding
gasoline prices could be nearing its end. Gasoline prices have been driven by reduced inventories during seasonal refinery maintenance . The EIA inventory report for the week ended Apr. 18 showed a smaller-than-expected reduction in gasoline inventories
gasoline inventories, which surprised analysts and traders who forecast declines. Meanwhile, analysts anticipate refinery maintenance that will reduce operations, cutting future fuel products inventories. US crude oil stockpile climbs EIA
softening US Gulf Coast balances," Barclays analyst Miswin Mahesh said in a research note. He noted gulf coast refinery maintenance will likely peak in early March, and refiners already have started to slow processing runs in anticipation of that
plunged by 30.5 million bbl in October, roughly double the 5-year average withdrawal for the month, due to refinery maintenance and subdued refining margins. Total gasoline inventories finished 2013 at an estimated 220 million bbl, 5.2