Texas Refinery Restarts Could Take Until April

The restart of Shell’s Deer Park refinery in Texas could take until April, Reuters has reported, citing unnamed sources familiar with the issue.

A spokesman for the company told Reuters no timeline has been set for the refinery’s return to normal operation.

Shell shut down the two crude processing units at the 318,000-bpd refinery in the middle of this month, before the cold spell that hit Texas’ energy industry and shut down several other refineries as well, because of a pump seal malfunction.

Then the Arctic blast hit, and the supermajor shut down the rest of the refinery’s operations. The cold wave shut down more than 6 million bpd in refining capacity in the Lone Star state, according to calculations from IHS Markit. It also took down 4 million barrels in daily oil production capacity.

Exxon is also taking its time in restarting two units at its Baytown refinery, according to a Reuters report citing unnamed sources from the company.

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Source: Oil Price

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