Kinder Morgan’s Products (SE) Pipe Line, which was shut Oct. 1 after a leak was discovered, spans from Louisiana to Virginia and has the capacity to carry more than 700,000 bbl/d of gasoline, jet fuel and diesel.
The rebound came as U.S. crude oil output jumped by 500,000 bbl/d to 11.1 million bbl/d, a level consistent with activity before Hurricane Ida slammed into the U.S. Gulf Coast about a month ago.
Power outages in the Houston area caused Colonial to pre-emptively shut down its main gasoline and distillate fuel lines, the company said in a notice to shippers after Nicholas made landfall.
Coal demand will fall 62% by 2050 but the energy transition is moving too slowly to achieve the goal of slowing global warming sufficiently, DNV forecasts.
The East Coast has been drawing down inventories all summer after demand for products in Europe began to rise, limiting imports.
Ida made landfall on Aug. 29 near Port Fourchon, the land base for the Louisiana Offshore Oil Port (LOOP), the largest privately-owned crude terminal in the U.S.
Japan's top health adviser has requested for stricter COVID-19 curbs to control the contagion, which he said should be treated as a natural disaster.
The largest crude oil refiner in the U.S., Marathon Petroleum, shut three refineries while energy major Royal Dutch Shell and independent refiner HollyFrontier each shut one in 2020.
Operated by Shell, the Deer Park complex in Texas includes a petrochemical complex and it also refines crude from Africa, South America and the United States.
The refinery shutdowns will depress prices for U.S. crude oil and widen the spread between U.S. and Brent crude, Paul Sankey of independent energy researcher Sankey Research said.