BP Looks To Restart The Midwest’s Largest Refinery
08.29.2022 By Ricardo Perez - NEWS

August 29, 2022 [OilPrice.com] – BP is still in the process of assessing when a restart of the affected units of its Whiting refinery can take place, BP told Oilprice.com on Friday.

 

BP continues to work “with local and state agencies as we continue to monitor the impact” of the electrical fire, which saw no one injured.

BP said it was “continuing to assess when a restart of the affected units can take place,” but did not elaborate on how much finished product had been affected. It also provided no date for restart.

The Whiting refinery—the largest refinery in the Midwest—is capable of processing 440,000 barrels per day of crude oil.

The refinery is located in PADD 2—a region that is running at 95.4% of capacity as of August 19, according to the latest weekly EIA data. This is the highest capacity utilization in almost a year, contributing 3.997 million barrels of crude oil per day.

The Whiting refinery can produce 10 million gallons (~277,000 barrels) of gasoline, 4 million gallons of diesel, and 2 million gallons of jet fuel each day; it is capable of producing enough gasoline every day to support the daily travel of 7 million cars, the refinery factsheet claims.

Gasoline prices in the United States have been on a downward trend for months, but a significant refinery outage, such as BP’s Whiting refinery, has the power to pressure gasoline prices higher. The national average price for a gallon of gasoline was $3.869, according to AAA data. Indiana’s average was below that at $3.841 per gallon.

Two weeks ago, BP said it had reached a deal to exit its stake in the BP-Husky Toledo Refinery (160,000 bpd), leaving it to focus on its Whiting and Cherry Point refineries in the United States.

Pro Trial: Access 10,390 Tank Terminal and Production Facilities

10,390 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

U.S. Refiners Expect Russian Fuel Sanctions to Keep Margins High
02.02.2023 - NEWS
February 2, 2022 [Reuters] – The European Union’s ban on Russian fuel imports that be... Read More
Exxon Preparing to Open Its Massive $2B Refinery Expansion in Beaumont
01.30.2023 - NEWS
January 30, 2022 [msn] – Exxon Mobil said Monday it finished building its $2 billion refine... Read More
Valero Has Best Year Ever in 2022 as 4Q Profits Triple, Topping Wall Street Expectations
01.30.2023 - NEWS
January 30, 2022 [San Antonio Express News] – Valero Energy Corp. cruised past Wall Street ... Read More
Mobil Continues to Invest in Australia's Fuel Security
01.30.2023 - NEWS
January 30, 2022 [ExxonMobil] – Melbourne, Australia – Mobil Oil Australia Pty Ltd (Mobil... Read More