Industry News for July:

 

• Threat of conflict undermines oil market: The contained move in oil prices during the Israel-Iran war (June 25) highlights the increasing efficiency of energy markets and fundamental changes to global crude supply, suggesting that Middle East politics will no longer be the dominant force in oil markets they once were...more 
• Esso (June 26) facing prosecution brought by Health and Safety Executive for negligence of 100-tonne steel platform that collapsed, endangered 2,500 workers, and released dangerous substance liquid petroleum gas... more 
• The “Big Beautiful Bill” (July 2) rescinds a majority of resources previously available to reduce emissions and reach net-zero targets. Without federal funds and support, the heavy industry must find newer, more innovative avenues of achieving their sustainability goals...more 

• Japan: ENEOS Kawasaki Refinery (June 5) — Unplanned shutdown of 77, 000 bpd unit due to equipment failure; repairs underway. more 
• Taiwan: A flaming explosion, the 2nd fire emergency at CPC Daling refinery (June 22) of the week, released high amounts of pollution. CPC refinery is facing a potential fine upwards of 5 million NTD... more 
• United States: Violation and fine issued to Delaware City Refinery (June 25) for refusal to operate pollution control equipment that released toxic contaminants and sulfur dioxide for 3 weeks straight in multiple incidents... more 
• United States: Explosion at a storage and disposal plant in Montana (June 26). Felt as far as 16km away, the fire continued to burn through Thursday... more 
• Iran: Nitrogen tank explosion in Iran’s (June 29) northwestern Tabriz refinery, one of the country’s major refineries, released loud blast and smoke... more 

Industry News for June:

 

• SenseTime, Dongming Petrochemical, and Beijing Haoya Chuangke Launch Petrochemical AI Lab... more 

• Brent oil prices (June 25) swing again, dropping down after initial 15% jump, back to levels from before the Israel-Iran war... more 
• The crisis between Israel and Iran has renewed focus on the Strait of Hormuz, a chokepoint for about 20% of global oil flows. more
• Global Refining Margins Surge Amid Tight Supply more
• China’s Refinery Throughput Hits 9-Month Low more

• Israel: Bazan Oil Refinery, Haifa (June 16) — Iranian missile strike caused major fire, 3 deaths, full refinery shutdown, power plant damage disrupting steam and electricity supply. more
• USA: Marathon Oil Refinery, Texas City (June 14) — Fire outbreak prompting shelter-in-place orders for nearby residents; no injuries reported; temporary gasoline production cut. more
• Taiwan: CPC Taoyuan Refinery (June 4) — Environmental and safety violations, including equipment leaks, unauthorized pipeline modifications, and excess diesel consumption; fined and ordered corrective actions. more

 

 

Industry News for May:

 

Industry news: 

 

• Oil price fluctuations send trading to reprice and hedge as OPEC agrees to boost oil production….more. 
• Indonesia considers reducing refinery capabilities to Singapore amidst pricing disagreement… more. 
• Supply chain mismatch and tariffs instability affect production planning…more ,

May Incidents:

 

• Spotlight safety and equipment maintenance
• China:  Weifong, Shandong chemical plant (May 27) explosion – 6+ deaths, 17+ injured... more
•  Bahrain BAPCO Refinery – leak in safety valve – 3 deaths (May 2)… more 
• Ecuador Esmeraldas refinery (May 26)  fire in a fuel oil tank, no injuries... more  
• India –Effluent Treatment Plant, Tamil Nadu (May 22):explosion at an industrial unit's effluent treatment plant: 35 sickened, 10 residential houses damaged... more 
• Mexico Diesel Distillation Plant, Cadereyta, Nuevo León (May 21): Explosion related to 14 tanks, 37,000 gallons of diesel: 11 injuries... more 
• US Hunt Refining Company, Alabama (May 7) fire during efforts to restart the refinery following a power failure: 4 injured... more