Related Articles
Forward article link
Share PDF with colleagues

Margins push global refinery turnarounds 40% lower

The biggest outages will be in Asia but there are stark regional differences

Global refinery turnarounds (TARs) will be almost 40% lower in October compared with a year earlier, as refiners continue to take advantage of cheap crude and healthy margins. This year, TARs-when facilities are taken off line for scheduled maintenance-are expected to peak in October at 5.4m barrels a day, according to Energy Aspects. This is 3.27m b/d lower than in October last year, a drop of 37.7%. The largest scheduled maintenance periods are expected to be in Asia, with around 1.92m b/d of capacity being shut that month-462,000 b/d less than in October 2015. Seasonal maintenance periods usually tighten global petroleum supply as there is less available distillation capacity to pump o

Also in this section
China's teapots are filling up
16 July 2018
Chinese authorities are giving independent refiners greater freedom to source their own supplies of crude oil
Pricing up and down
29 June 2018
A trend towards increased spot sales and more flexible contracts is keeping the global LNG industry on its toes
Buying and selling on the up
29 June 2018
Increased spot and short-term LNG trading and sharp price moves have encouraged the global growth of derivatives trading and hub activity