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Hurricane Harvey - Flooding dries up US Gulf Coast refined product exports


Hurricane Harvey - Flooding dries up US Gulf Coast refined product exports

Report summary

Hurricane Harvey has caused devastation across the US Gulf, in this insight we look at the effects on the oil product markets. Around 4.5 million b/d of refining capacity has been shut down, severely reducing product supply, while demand is still seasonally strong. The closure of the Colonial pipeline has further limited imports into the US Northeast. To replace these lost volumes, traders are scrambling to secure supplies from other regions. Product crack spreads and refinery margins have surged following the disruption, which has further tightened a global refining system that was close to maximum utilisation. There are reluctant winners and losers depending on their exposure to the disruption caused. In this insight we assess the current outages in an historical context and look at the impact on refiners and the wider oil product markets.

What's included?

This report includes 1 file(s)

  • Hurricane Harvey - Flooding dries up US Gulf Coast refined product exports PDF - 242.63 KB 3 Pages, 0 Tables, 1 Figures

Description

This Refining and Oil Products Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.

For participants, suppliers and advisors who want to look at the trends, risks and issues of this topic, this report gives you an alternative point of view to help inform your decision making.

With over 20 years of experience in the refining industry, Wood Mackenzie is a trusted global leader with a reputation for producing consistently reliable information.

Our senior analysts are based in the markets they analyse. They use detailed research data to forecast, benchmark and recognise trends that will help both new and existing participants identify opportunities and avoid risks.

In this report there are 1 tables and charts.

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