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Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
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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.
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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. The firm halted the 40kbpd hydrocracker at the Neustadt refinery on 6 October and has not restarted it since 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.
- Total’s Donges refinery restarted production on 28 December according to a community alert.
- TotalEnergies reported the halt of units at its La Mede biofuels plant on 1 January according to a community alert.
- 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 according to Bloomberg.
- Valero’s Pembroke refinery shut the 26kbpd visbreaker on 14 December according to WoodMac. The unit remained offline as of 28 December according to Bloomberg.
- Ineo’s Grangemouth refinery’s VDU and hydrocracker remained offline since early April.
- In Belgium, TotalEnergies’ Antwerp refinery saw increased activity at the 74kbpd FCC during the morning of 29 December, but overall activity remained below normal. The unit was shut on 7 August after a fire according to WoodMac. TotalEnergies is looking to postpone 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.