Prices continue to fall this morning after refining activity in China over the weekend fell to its lowest output in 14 months, accompanied by an influx of new COVID-19 cases. Reports showed that output numbers in July 2021 have been lower than July 2020 for China. Today crude oil opened at $67.71, diesel opened at […]
Mansfield is currently tracking two disturbances in the Atlantic as they move closer to the Caribbean. These low-pressure disturbances, Invest 93L and Invest 94L, are now being watched for a potential transformation into tropical depressions, as rains and thunderstorms associated with them are becoming more predictable and intense. Invest 94L will continue to be monitored […]
Tropical Storm Elsa is currently moving over Cuba, slowing its forward momentum and delaying its landfall in the continental US. After it passes Cuba, it may strengthen somewhat in the Gulf Coast before approaching the Florida Panhandle. Elsa is set to make landfall in the US on Wednesday morning as a tropical storm. The US […]
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 […]
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 […]
With Winter Storm Nathaniel now fully past the northeastern US, Mansfield is watching Winter Storm Orlena as it develops in the western US. The Weather Channel is calling for 6 inches of snow this weekend stretching from southern Wisconsin down to Columbus, Ohio. Some areas may see over a foot of snow. After pummeling the […]
