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About Us
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI UST Issuance Deep Dive: Dec 2024
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MNI ASIA MARKETS ANALYSIS: Jobs Data Green Lights Rate Cuts
EU Refinery Maintenance Update
The latest update on the European refinery maintenance schedule.
- In Germany, Bayernoil’s Vohburg refinery started maintenance in early October. The 60kbpd CDU Topping 2 halted on 10 October and has not restarted since. Other units restarted according to Bloomberg.
- Raffenerie Heide’s Klesch Heidi refinery shut down the 36kbpd CDU on 12 November in a planned outage. The unit is scheduled to return on 3 January according to Bloomberg.
- In France, Exxon Mobil’s Fos refinery is planning a major turnaround in early 2024, the Esso SAF CEO said, cited by Bloomberg. Maintenance is scheduled to start on 20 January to last until end March, affecting 131kbpd.
- Exxon Mobil planned to shut down a chemical unit at the Gravenchon refinery on 11 December according to a community alert. There has been no update since.
- Total’s Donges refinery shut down equipment on 12 December, the firm said in a statement. The CDU is expected to be down until 23 December, affecting 219kbpd according to Bloomberg. WoodMac said the 220kbpd CDU, 97kbpd VDU and 39kbpd visbreaker were shut on 18 December and the 55kbpd was shut on 13 December.
- In the UK, Total’s Fina Lindsey refinery is scheduled to undergo planned maintenance starting 16 January until 13 March according to Bloomberg.
- Essar’s Stanlowe refinery is scheduled to start planned maintenance for six weeks on 1 February at a crude and hydrogen tie-in unit.
- Valero’s Pembroke refinery shut the 26kbod visbreaker on 14 December according to WoodMac.
- Ineo’s Grangemouth refinery’s VDU and hydrocracker remained offline since early April.
- Exxon Mobil’s Fawley refinery halted the 188kbpd crude units on 20 November. Maintenance is expected to last until 30 December according to Bloomberg.
- In Belgium, Total’s Antwerp refinery restarted the 58kbpd gasoline hydrotreater on 15 December according to WoodMac. TotalEnergies is looking at postponing planned work on a gasoline producing unit next year at its Antwerp refinery according to Bloomberg sources. The unit is currently undergoing unplanned maintenance. The larger of the two FCCs - offline since August following a fault - is scheduled to have a new reactor installed in October 2024 but that is possibly now moved to 2025 the source said.
- In the Netherlands, the 83kbpd VDU at BP’s Rotterdam refinery remains halted since 11 April to Bloomberg.
- In Italy, Eni’s Agib Taranto refinery is planning works at the residual hydrocracker from 14 February. Works could result in a full halt, people familiar with the operations told Bloomberg.
- In Croatia, the INA Rijeka refinery has planned works until 29 February affecting 90kbpd. The unit halted on 14 December according to Bloomberg.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.