SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Strictly: Drilling and oil-field services
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Big Dog who wrote (71152)8/18/2000 9:40:28 AM
From: BigBull  Read Replies (2) of 95453
 
HEAVY U.S. REFINERY MAINTENANCE SEEN

Dealers said the situation could be exacerbated by a scheduled heavy round of refinery maintenance in the United States this autumn.

U.S. consultancy the Petroleum Industry Research Association said in a report this week that October will see the heaviest U.S. schedule of shutdowns in a decade.

``This October is expected to witness maintenance over one million barrels per day of crude unit downtime or about six percent of U.S. capacity,'' PIRA said.

``These cuts are especially significant given the relatively low level of distillates stocks that will be available before the start of the heating season and also likely relatively low gasoline stocks,'' PIRA said.

nytimes.com

DOe Charts:

Crude and aggregate:
eia.doe.gov
Gasoline:
eia.doe.gov
Distillates/HO:
eia.doe.gov
Imports:
eia.doe.gov

------------------------------------------------------------

Putting the above date together, it becomes clear that "just more oil" won't help drive down prices that much. They story continues to be product.

The aggregate number is in the process of topping. But the real story is HO. The HO build was pathetic beyond words. In fact only imports kept them from plunging. Sept is NO time for the biggest refinery downtime in a decade. The US crude and product stocks are now demonstrably on what Matt Simmons called a treadmill. The DOE charts are picture of same.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News