Texas thaw: Gulf Coast supply chain began recovery from winter storms Report

Insight 04 March 2021

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Report summary

The US Gulf Coast crude supply chain began a weeks-long recovery in late February from the winter storms that wreaked havoc on production, midstream operations, and refinery demand. However, supply and refinery demand showed signs of rebounding at different rates. US production largely returned to pre-storm levels by 26 Feb, while widespread refinery outages lingered across the Texas Gulf Coast. This imbalance already contributed to inventory builds and could lead to a domestic crude oversupply in the coming weeks. In this report, we examine the staggered recovery across the Gulf Coast supply chain through 26 Feb, as captured across Wood Mackenzie’s suite of real-time monitoring offerings.

Permian drove rebound in total US production
Pipeline operations resumed, re-opening connectivity to the coast
Exports rebounded, but February remained slow overall
Refinery demand rebounded, but many outages lingered

Tables and charts

This report includes the following images and tables:

Figure 1: Total US crude production rebounds from freeze offs
Figure 2: Regional pipeline flows affected by winter weather
Figure 3: US Gulf Coast refinery units begin to restart
Figure 4: Houston CDU restarts lag Corpus Christi and Beaumont
Figure 5: Refinery I/O quantifies PADD 3 crude inputs and refined product outputs