Free Trial

European Refinery Maintenance Unwinding

REFINING

Argus research indicates the amount of crude distillation capacity shut in around Europe is 600,000 bpd, compared with more than 1mn bpd almost every week in the previous three months.

  • European refining faced its heaviest disruption of the year in March when maintenance coincided with strikes shutting down most of France's plants. Argus estimates offline capacity hit 1.6mn bpd at that point.
  • European refining is returning as spring turnaround draws to a close. Europe has around 14mn b/d of nameplate distillation capacity according to Argus.

To read the full story

Close

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.