Here is DJ Feb Update on US & Caribb T/A and project status – not sure why the columns didnt stay clear on this post? Lots of activity around planned & unplanned T/A coker units – lot plants idled/shut for extended periods/closed with undefinite timeline or up for sale.
Economics around refining are still bad and to quote friend mine “ Earnings season is sucking sewer water again. “
Reliance 2nd refining unit (combined plants are still largest refinery & coking unit in world) was set up for export & has cargoes of jet/diesel/gasoline probably steaming to US to take advantage of shutdowns but demand is still low and all new expansions globally are likely trigger a war on product placements as they fight to stay up but low product prices and high crude prices wont allow export targeted refineries to lose money on that scale.
Regards
