Marathon galveston bay Texas refinery FCCU back to normal operation after upset
Newsquawk Staff ·
Marathon galveston bay Texas refinery FCCU back to normal operation after upset.
What it means
The news of Marathon's Galveston Bay refinery FCCU returning to normal operations is significant for oil supply dynamics, particularly if the facility had experienced disruptions affecting production. This could signal improved output from one of the key US refineries, impacting supply forecasts and potentially easing upward pressure on crude prices. Traders should consider how this aligns with broader demand trends and market sentiment in energy markets.
- CRUDE WRAP: WTI (Z6) SETTLES USD 0.37 LOWER AT 96.09/BBL
- Eight tankers carrying 300,800 tonnes of Russian diesel are being monitored on potential voyages to the US, with seven declaring the US as their destination and arrivals expected from November 7th, according to Ukrainian sources cited by an RFE journalist
- US Energy Secretary Wright says that the best way to address high prices is high prices themselves, which spur supply growth; therefore, supply is increasing
- Venezuela's October oil exports 1.08mln bpd, almost unchanged, according to shipping data
- US CRUDE WRAP: WTI (Z6) SETTLES USD 2.88 HIGHER AT USD 102.78/BBL
Related headlines
- [MARKET UPDATE] Crude benchmarks sink on reports that the US and Tehran have made concessions related to the Iranian nuclear program and frozen funds; Brent Jan'27 has slipped beneath USD 102/bbl4 days ago
- Saudi Aramco CEO says global liquid fuel demand is expected to rise by around 2.4mln bpd by 2027; expansion of East-West pipeline is underway4 days ago
- ADNOC Gas CEO says gas demand will continue growing in the long term; emphasises the need for more energy and diversified supply4 days ago
- Qatar cargoes are reportedly to load from Ras Laffan, which would be the first time since end-Feb4 days ago
- Saudi Aramco CEO says remains ready to rapidly increase production when the situation calls for it 4 days ago
- US Treasury Department says that Treasury Secretary Bessent met with Venezuela's Foreign Minister and discussed energy and the financial sector4 days ago
- Exxon (XOM) to shut FCCU at Beaumont, Texas refinery at end of November for work, according to source reports5 days ago
- CRUDE WRAP: WTI (Z6) SETTLES USD 7.66 LOWER AT 96.46/BBL5 days ago
- A massive fire broke out at Hindustan Petroleum Corporation Ltd's (HPCL) Visakh Refinery on Monday evening, reports Times of India5 days ago
- Kazakhstan reports a halt to Atyrau‑Samara oil flows5 days ago
- Vitol CEO says at end-2026 will find demand has shrunk by about 3mln BPD and the world cannot cope with a larger disruption than today's5 days ago
- ADNOC reaches FID on the Ruwais Diyab unconventional gas project; says it will produce 345mln standard cubic feet of raw gas per day from 2029, with the potential to hit 1bln per day5 days ago
- Kazakhstan October oil and gas condensate production reportedly rose 8% M/M to 2.08mln bpd, according to sources5 days ago
- TotalEnergies (TTE FP) CEO does not expect Europe to face gas shortages this winter5 days ago
- UAE's Energy Minister says they will be more prepared than before, in the context of the Middle East situation5 days ago