Fuel market conditions are evolving rapidly as the industry reacts to reports of the Colonial Pipeline outage. Many fuel suppliers have cut back supply availability, holding inventories in case of a prolonged pipeline outage. At least one Gulf refinery has already announced they would restrict utilization due to the outage. The Colonial Pipeline Company said […]
The Colonial Pipeline, which supplies fuel to markets throughout the East Coast, reported on Friday, May 7 that it experienced a “network outage” requiring it to shut down operations. Over the weekend, the company confirmed that the outage was the result of a cyberattack, which investigators say stemmed from a rogue group of hackers known […]
As this week’s EIA oil report revealed, oil markets are beginning to show signs of normality. Although still far below typical, Gulf Coast refinery utilization rose from 60% to 70% this week, allowing markets to begin refueling. Even with the increased supply, many markets are experiencing tightness. Backlogs of deliveries and continued terminal outages are […]
Why Are Refineries Closed? Freezing weather hampered fueling infrastructure in several ways, including shutting production, refining, and distribution. At a very basic level, refineries heat up crude oil until it vaporizes, then cool it down as liquid fuels. The winter storm impacted these operations in several ways: Freezing cold weather can directly damage equipment involved […]
After a week of winter storms across the country, temperatures and markets are normalizing in most areas. The frigid temperatures early last week impacted fueling infrastructure and caused massive power outages across Texas. Over the weekend, crews made progress clearing more roads allowing fuel carriers in the region to get caught up on backlogged deliveries. Mansfield is moving […]
Gulf Coast and Midwest states continue dealing with the devastating impacts of recent winter weather, with Winter Storm Viola adding ice and snow in the Texas region. That weather pattern is now moving northeast, bringing snowfall into the Ohio Valley region through New England. NOAA estimates that nearly three-quarters of the continental US is covered […]
Winter weather continues to impact fuel deliveries in the South and Midwest. More ice and snow covered Texas last night, extending outages. States of emergency have been declared in 20 different states due to the snow and ice. The storm has shut down roughly one-third of all US crude production, and several refineries have paused […]
Winter Storm Uri is moving to the northeast today, but that doesn’t mean the rest of the country is out of the woods. Wintery weather has struck the Southeast and Midwest, causing icy road conditions and shutting off power. Texas has seen record-low temperatures. Check out today’s FUELSNews article for a full description of the […]
A large winter storm, named Uri by the Weather Channel, is bringing unusual weather across the US. Over the weekend, the storm hit parts of Texas, Oklahoma, and Arkansas particularly hard, disrupting both consumer demand and shale oil and gas drilling in some places. Winter advisories now cover half the US population – almost 170 […]
Yesterday, several markets in the Northeast were forced to pull trucks off the roads due to blizzard-like conditions and high winds. New York City and a few surrounding cities issued a state of emergency, and several interstates were closed to tractor-trailers. Snowfall yesterday peaked at a rate of 1-3 inches per hour in New York […]
