Calumet's refinery in Shreveport, Louisiana (60k BPD) suffered from winter storm related issues
The winter storm-related issues at Calumet's refinery could disrupt supply in a market already sensitive to fluctuations.
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CRUDE WRAP: WTI (H6) SETTLES USD 0.44 LOWER AT USD 60.63/BBL; BRENT (H6) SETTLES USD 0.29 LOWER AT USD 65.59/BBL
Calumet's refinery in Shreveport, Louisiana (60k BPD) suffered from winter storm related issues
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Cenovus (CVE) 172k bpd Lima refinery experienced mechanical issues caused by winter storm Fern, IIR reports
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Given the facility’s capacity of 60,000 barrels per day, this could create short-term tightness in the oil supply chain, potentially pushing prices higher, especially if demand remains steady or increases. Traders should monitor subsequent inventory data and price movements for implications on broader market dynamics.
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