-A fire broke out at HollyFrontier’s 125,000-barrel-per-day refinery in Tulsa, Oklahoma, Sunday. Via Reuters, a local journalist reported that the company’s in-house crews were responding to the fire. Local authorities said they had not been contacted about the incident.
-Meanwhile, the FCCU at PBF Energy’s Delaware City, Delaware, refinery will be down for at least a month after an explosion and fire on Friday, Reuters reports. The incident resulted in damage to the primary wet gas compressor associated with the cat cracker and its backup. Sources say PBF could move up a planned overhaul that was to take place in the spring of 2016.
-The U.S. refining sector could suffer in the latter part of this decade as new global refining capacity yields a glut of gasoline, Wood Mackenzie reports. A flood of new gasoline is expected to saturate the global market by 2017, putting downward pressure on the favorable margins refiners have enjoyed as of late. Meanwhile, global gasoline demand is expected to fall amid increasing efficiency and the rise of alternative fuels.
