Refinery Maintenance

… level not seen since November,” as crude storage at Cushing, Okla., “ begins to build in the midst of spring refinery maintenance season.” Olivier Jakob at Petromatrix in Zug, Switzerland said, “Canadian imports into [the DOE’s …

… refining margins may yet get some support from low product inventories, continued hurricane risks, and the upcoming refinery maintenance season in the North Hemisphere. Energy prices The October contract for benchmark US sweet, light crudes regained …

… supplies and increased heating oil demand from recent cold weather in Europe has put a bid under Brent prices, while refinery maintenance in the US is putting downward pressure on land-locked WTI prices. The combination has driven the recent widening of …

… backwardation so far this year, which means oil stocks are unlikely to have built much outside the US. The spring refinery maintenance season in the Northern Hemisphere has come to an end, which should see crude demand pick up,” Zhang said …

… weeks" to reach the market. "We are very sure this tightening of the market will happen in July, August when refinery maintenance is over," said Tanaka, who repeated that the current stocks release was for 30 days after which the agency would …

… prompted by an easing geopolitical situation in the Middle East, a soft physical oil market, and an upcoming spring refinery maintenance season in the northern hemisphere. That said, fundamentals remain fairly solid in the medium term for the oil …

… physical crude cargoes over dated Brent.” Oil products held up relatively better with production disrupted by refinery maintenance . The International Energy Agency in Paris last week predicted a meaningful build of global oil inventories in the …