Shell (SHEL LN) restarted it's 200k BPD crude unit at Pernis refinery on April 15th, according to reports
Shell has restarted its 200k BPD crude unit at the Pernis refinery, which could potentially boost its supply capacity.
US Continuing Jobless Claims (Apr/04) 1818k vs. Exp. 1840k (Prev. 1794k)
Four companies are mulling new bond sales in the US investment-grade primary market on Thursday, according to Bloomberg citing a poll
Shell (SHEL LN) restarted it's 200k BPD crude unit at Pernis refinery on April 15th, according to reports
PepsiCo (PEP) executives says the Co. has seen no major issues from a supply chain standpoint from the Iran conflict and that 6- to 12-month hedges provide near-term cost visibility
US General Caine says US forces are ready to resume major combat operations at a moment's notice
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This restart may place downward pressure on crude prices by increasing supply in an already volatile market. Traders should watch for any immediate impacts on WTI and Brent benchmarks, as well as implications for overall refining margins in the region.
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