Upcoming maintenance work and its impact on European refinery runs

  • Shell to begin maintenance work at Pernis refinery in late January
  • Work expected to be completed in mid-April
  • Several units will be cleaned, inspected, and parts replaced
  • Refinery maintenance season in Europe may be more intense than usual
  • Refinery runs in Europe expected to dip to 11.2 million b/d by March

Shell has announced plans to start maintenance work at its Pernis refinery near Rotterdam in late January. The work, which is expected to be completed in mid-April, will involve cleaning, inspection, and replacement of parts in several units. This upcoming refinery maintenance season in Europe is anticipated to be more intense than usual, as operators may have postponed turnarounds during 2022 and 2023 to take advantage of high refinery margins. The International Energy Agency (IEA) predicts that refinery runs in Europe will seasonally dip to 11.2 million b/d by March, compared to a high of 12.1 million b/d in December 2023.

Public Companies: Shell (N/A)
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Factuality Level: 8
Justification: The article provides factual information about Shell’s maintenance work at its Pernis refinery, including the timing, duration, and activities involved. It also includes information about the potential intensity of the upcoming refinery maintenance season in Europe and cites the International Energy Agency’s expectations. The article is sourced from Oil Price Information Service, which is operated by Dow Jones & Co.

Noise Level: 7
Justification: The article provides relevant information about Shell’s maintenance work at its Pernis refinery and the potential impact on the upcoming refinery maintenance season in Europe. However, it lacks in-depth analysis, scientific rigor, and actionable insights. The article also includes unnecessary details about the ownership and operation of Oil Price Information Service, which is not directly related to the topic.

Financial Relevance: Yes
Financial Markets Impacted: Oil and energy markets

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article pertains to the maintenance work at Shell’s Pernis refinery, which is the largest oil refinery in Europe. While there is no mention of an extreme event, the information is relevant to financial markets, specifically the oil and energy markets.

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