Shell hit with unplanned outage at Europe's biggest refinery (NYSE:SHEL) - Seeking Alpha
Shell hit with unplanned outage at Europe's biggest refinery (NYSE:SHEL) | Seeking Alpha
Shell hit with unplanned outage at Europe's biggest refinery
Shell plc (SHEL) By:
Carl Surran, SA News Editor
4 Comments Scott Barbour/Getty Images News
Shell (NYSE: SHEL) has been forced to halt a fuel-making unit at its Pernis refinery in Rotterdam - the biggest in Europe - due to a gas leak, potentially curbing supply of diesel in a tight market, Bloomberg reported Wednesday.
While the 404K bbl/day refinery reportedly will continue to operate, the stoppage of the Hycon unit - which has a capacity of 25K bbl/day - will complicate production of oil products, particularly diesel.
The fuel's premium to Brent crude has strengthened in recent months; the marker was ~$30/bbl on Wednesday, well above its level before the war in Ukraine.
The loss of access to Russian crude and unusually high temperatures this summer curbed output of oil products from European refineries, the International Energy Agency said in August.
Related Knowledge Center: ENERGY BASICS: petroleum
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