logo
Sign in or Register

Already a member?

Sign in

Or sign in with your account on:

Not a member yet?

Register
    

 


Oil Majors Rise As Motiva Refinery Outages Offer Price Support

By  +Follow August 22, 2013 7:05AM
Share:
Tickers Mentioned:

Production delays from refinery shutdowns at Motiva Enterprises LLC facilities are set to hamper production ahead of the Sept. 2 Labor Day holiday, as prices at the pump are already ticking up.

In mid-August news was that piping malfunctions at the US’s newest and largest crude distillation unit (CDU) at Motiva’s Port Arthur refinery would see production at 75,000 barrels per-day below capacity through fall of 2014. The company is also experiencing technical difficulties at another facility at Port Arthur, as well as at its Convent, Louisiana refinery, both of which will require their own carefully-timed shut-downs.

Gasoline slated for September delivery was just barely under $3 per gallon in midday trading on Thursday, while prices at the pump were up $0.1 to $3.53 per gallon just under two weeks away from the holiday. The shut-downs were ultimately the result of fires at both the Port Arthur and the Convent refineries, with the latter expected to be off-line through September for repairs.

The company has not given many details on the condition of its Port Arthur units, where two separate fires broke out within the period of a week this month, on Aug. 12 and Aug. 17. The Convent refinery fire took place on Aug. 19.

Major integrated oil and gas stocks fared very well in reaction to news of the production delays, and rose along with oil prices. Exxon Mobil (XOM) and Chevron (CVX) and BP (BP) were all up nearly 1 percent, while France’s Total SA (TOT) and Italy’s Eni SPA (E) were up slightly more than that ahead of the closing bell.

Royal Dutch Shell (RDS.A), who operates the Motiva refineries in conjunction with Saudi Aramco, was slightly in the red, down 0.03 percent.

Independent US producers also fared well, with significant increases for Occidental Petroleum (OXY) , EOG Resources (EOG) , Apache Corp. (APA) and Marathon Oil ($MRO).

[Image: Oil Refinery At Work, Courtesy of Flickr Creative Commons]

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer


Liked What You Read? Join Equities.com and Connect With Your Favorite Financial Experts FOR FREE! Members of Equities.com gain access to our leading financial news and content, active social investment community, proprietary research tools including the 2014 Small-Cap Stars, E.V.A. reports and more.

Results for rdsa
FinSentS Euro 600
29 May 15 15:25:04
$RDSA:NA Federal Investigators Blame Shell for Alaska Drill-Ship Accident #ROYAL DUTCH SHELL PLC http://t.co/zNeIb2S4tM #STOXX600
FinSentS UK100
29 May 15 15:17:03
$RDSA:NA Federal Investigators Blame Shell for Alaska Drill-Ship Accident #ROYAL DUTCH SHELL PLC http://t.co/fNfYCYQ0Ar #LDN100
FinSentS Euro 600
29 May 15 07:24:15
$RDSA:NA Federal Investigators Blame Shell for Alaska Drill-Ship Accident #ROYAL DUTCH SHELL PLC http://t.co/CSlCGBDstf #STOXX600
FinSentS UK100
29 May 15 07:17:26
$RDSA:NA Federal Investigators Blame Shell for Alaska Drill-Ship Accident #ROYAL DUTCH SHELL PLC http://t.co/9d1OmluDQU #LDN100
Sentifi UK Market
29 May 15 00:45:06
#Shell names top executive to lead BG integration http://t.co/yb7SFATU40 More about @Shell: http://t.co/uAhuANdn9w $RDSA
FinSentS Euro 600
28 May 15 23:20:36
$RDSA:NA Federal Investigators Blame Shell for Alaska Drill-Ship Accident #ROYAL DUTCH SHELL PLC http://t.co/XpOOlkKoim #STOXX600
FinSentS UK100
28 May 15 23:15:21
$RDSA:NA Federal Investigators Blame Shell for Alaska Drill-Ship Accident #ROYAL DUTCH SHELL PLC http://t.co/Z8XHaIkHvC #LDN100
The Legacy News
28 May 15 22:42:53
Deutsche Bank Reiterates Hold Rating for Royal Dutch Shell Plc $RDSA http://t.co/HKxRRMSxvK
FinSentS UK100
28 May 15 15:18:13
$RDSA:NA Alaska governor tours Shell oil rig in Seattle #ROYAL DUTCH SHELL PLC http://t.co/Ceo8OVuuLy #LDN100
Mário Dos Santos
28 May 15 15:13:41
$RDSa at 27.41 via @uk_investing - http://t.co/ljmlLaOChp
US Banking News
28 May 15 08:32:50
Deutsche Bank Reiterates “Hold” Rating for Royal Dutch Shell Plc $RDSA http://t.co/iDMOB99yl7
Sleek Money
28 May 15 07:37:19
Royal Dutch Shell Plc Receives Consensus Recommendation of “Buy” from Analysts $RDSA http://t.co/IZNCqsim6e
US Banking News
28 May 15 07:28:59
Royal Dutch Shell Plc Receives Consensus Recommendation of “Buy” from Analysts $RDSA http://t.co/XegVLpbx7b
FinSentS UK100
28 May 15 07:17:58
$RDSA:NA Alaska governor tours Shell oil rig in Seattle #ROYAL DUTCH SHELL PLC http://t.co/tX3s59vQFG #LDN100
AlgoAnalyst
28 May 15 02:54:04
$RDSA #rdsa / Royal Dutch Shell PLC (NL). Positive score +2. Signal (+1), Correlation (+1). http://t.co/JuK1MyPPXN #stocks #stockactio...
WKRB News
28 May 15 00:42:30
Deutsche Bank Reiterates Hold Rating for Royal Dutch Shell Plc $RDSA http://t.co/82O8ED19cN
Ticker Report
28 May 15 00:27:13
Deutsche Bank Reiterates Hold Rating for Royal Dutch Shell Plc $RDSA http://t.co/qkLPQQhspQ
Dakota Financial
28 May 15 00:25:47
Royal Dutch Shell Plc Receives “Hold” Rating from Deutsche Bank $RDSA http://t.co/kEr6PqlndS
US Consumer News
28 May 15 00:05:08
Royal Dutch Shell Plc's hold rating reiterated at Deutsche Bank. GBX 2,425 PT. http://t.co/4xm4xVh86H $RDSA #RDSA
Analyst Ratings
28 May 15 00:02:38
Royal Dutch Shell Plc's hold rating reiterated at Deutsche Bank. GBX 2,425 PT. http://t.co/rxFAmv67os $RDSA #RDSA
FinSentS Euro 600
27 May 15 23:21:43
$RDSA:NA Alaska governor tours Shell oil rig in Seattle #ROYAL DUTCH SHELL PLC http://t.co/HLNCQ2u3fK #STOXX600
FinSentS UK100
27 May 15 23:16:11
$RDSA:NA Alaska governor tours Shell oil rig in Seattle #ROYAL DUTCH SHELL PLC http://t.co/5UpqFfq0Jp #LDN100
FinSentS Euro 600
27 May 15 15:30:59
$RDSA:NA Shell burns priceless works of art in Greenpeace Arctic video #ROYAL DUTCH SHELL PLC http://t.co/C4M72Gvyxs #STOXX600
FinSentS UK100
27 May 15 15:19:56
$RDSA:NA Shell burns priceless works of art in Greenpeace Arctic video #ROYAL DUTCH SHELL PLC http://t.co/g3LwxHoWBy #LDN100
Trefis.com
27 May 15 10:55:42
3 Key Trends Driving Our $11 Per Share Price Estimate For Petrobras http://t.co/QjI4YyMS3K by Trefis Team $PBR $XOM $RDSA
FinSentS Euro 600
27 May 15 07:28:50
$RDSA:NA Shell burns priceless works of art in Greenpeace Arctic video #ROYAL DUTCH SHELL PLC http://t.co/o31vs5LYko #STOXX600
FinSentS UK100
27 May 15 07:18:42
$RDSA:NA Shell burns priceless works of art in Greenpeace Arctic video #ROYAL DUTCH SHELL PLC http://t.co/GqrYEPmRHt #LDN100
ProVesting
27 May 15 06:58:07
$RDSA: Royal Dutch Shell PLC (NYSE:RDSA) Likely to Start Drilling in the ...: http://t.co/FifCE1atpP
Anthony
27 May 15 04:36:08
RT @Benzinga: #Oil companies switch approach to #climate change debate $BP $E $RDSA http://t.co/gluyakH5c4
Hectic Investors
27 May 15 04:13:06
RT @Benzinga: #Oil companies switch approach to #climate change debate $BP $E $RDSA http://t.co/gluyakH5c4
Quantpost Basic Mats
27 May 15 04:00:45
$BP News: "#Oil companies switch approach to #climate change debate $BP $E $RDSA" http://t.co/zNkgZAVdzT Analyze: https://t.co/5lXiPBl85p
Benzinga.com
27 May 15 04:00:44
#Oil companies switch approach to #climate change debate $BP $E $RDSA http://t.co/gluyakH5c4
binaryoptionsocial
26 May 15 23:41:41
RT RT RT RT RT RT RT Today's Most Discussed #FTSE100 Stocks http://t.co/Q8xc1JAtsS $RMG $IAG $NG $MKS $AZN $RDSA… http://t.co/XG5hVG1h9O
binaryoptionsocial
26 May 15 23:38:43
RT RT RT RT RT RT Today's Most Discussed #FTSE100 Stocks http://t.co/Q8xc1JAtsS $RMG $IAG $NG $MKS $AZN $RDSA $L… http://t.co/XG5hVFJGig
binaryoptionsocial
26 May 15 23:34:29
RT RT RT RT RT Today's Most Discussed #FTSE100 Stocks http://t.co/Q8xc1JAtsS $RMG $IAG $NG $MKS $AZN $RDSA $LGEN… http://t.co/XG5hVFJGig
binaryoptionsocial
26 May 15 23:31:36
RT RT RT RT Today's Most Discussed #FTSE100 Stocks http://t.co/Q8xc1JAtsS $RMG $IAG $NG $MKS $AZN $RDSA $LGEN $F… http://t.co/XG5hVFJGig
binaryoptionsocial
26 May 15 23:27:36
RT RT RT Sentifi_UK: Today's Most Discussed #FTSE100 Stocks http://t.co/Q8xc1JAtsS $RMG $IAG $NG $MKS $AZN $RDSA… http://t.co/XG5hVFJGig
binaryoptionsocial
26 May 15 23:27:35
RT RT RT Today's Most Discussed #FTSE100 Stocks http://t.co/Q8xc1JAtsS $RMG $IAG $NG $MKS $AZN $RDSA $LGEN $FTSE… http://t.co/XG5hVFJGig
binaryoptionsocial
26 May 15 23:23:37
RT RT Sentifi_UK: Today's Most Discussed #FTSE100 Stocks http://t.co/Q8xc1JAtsS $RMG $IAG $NG $MKS $AZN $RDSA $L… http://t.co/XG5hVFJGig
binaryoptionsocial
26 May 15 23:23:37
RT RT Today's Most Discussed #FTSE100 Stocks http://t.co/Q8xc1JAtsS $RMG $IAG $NG $MKS $AZN $RDSA $LGEN $FTSE … … http://t.co/XG5hVFJGig
Forex Corporate
26 May 15 23:16:57
RT @Sentifi_UK: Today's Most Discussed #FTSE100 Stocks http://t.co/P76TExK8VL $RMG $IAG $NG $MKS $AZN $RDSA $LGEN $FTSE http://t.co/lh5Itqr…
binaryoptionsocial
26 May 15 23:13:35
RT Today's Most Discussed #FTSE100 Stocks http://t.co/Q8xc1JAtsS $RMG $IAG $NG $MKS $AZN $RDSA $LGEN $FTSE … http://t.co/XG5hVFJGig
Sentifi UK Market
26 May 15 23:08:51
Today's Most Discussed #FTSE100 Stocks http://t.co/P76TExK8VL $RMG $IAG $NG $MKS $AZN $RDSA $LGEN $FTSE http://t.co/lh5ItqrfDW
Miletus Reedovic
26 May 15 16:21:00
RT @nelderini: Oil majors have all peaked despite shale: $XOM in 2006, $BP 2005, $RDSA before 2004, $TOT before 2004, $COP 2006, $CVX in 20…
FinSentS Euro 600
26 May 15 15:27:23
$RDSA:NA Exxon, Shell Beat Fresno's Claims In MTBE Pollution MDL #ROYAL DUTCH SHELL PLC http://t.co/QeovC4kfUg #STOXX600
FinSentS UK100
26 May 15 15:16:42
$RDSA:NA Exxon, Shell Beat Fresno's Claims In MTBE Pollution MDL #ROYAL DUTCH SHELL PLC http://t.co/zCq0g4lkaH #LDN100
Carl Siegrist
26 May 15 10:58:10
MT @nelderini Oil majors all peaked despite shale: $XOM in 2006, $BP 2005, $RDSA before 2004, $TOT before 2004, $COP 2006, $CVX in 2010.
Steve Bloom
26 May 15 10:53:07
RT @nelderini: Oil majors have all peaked despite shale: $XOM in 2006, $BP 2005, $RDSA before 2004, $TOT before 2004, $COP 2006, $CVX in 20…
Oil Gas
26 May 15 10:49:40
RT @nelderini: Oil majors have all peaked despite shale: $XOM in 2006, $BP 2005, $RDSA before 2004, $TOT before 2004, $COP 2006, $CVX in 20…
Project Sunlight
26 May 15 10:39:25
RT @nelderini: Oil majors have all peaked despite shale: $XOM in 2006, $BP 2005, $RDSA before 2004, $TOT before 2004, $COP 2006, $CVX in 20…
				
				
By  +Follow August 22, 2013 7:05AM
Share:

Comments

 

blog comments powered by Disqus

About us

Equities.com is the most advanced interactive online social ecosystem for the financial industry, serving as a resource center and next-generation communication platform that connects self-directed investors with public issuers, market experts, and professional service providers and vendors. Registered members can leverage our exclusive proprietary research tools such as the Small-Cap Stars, which outperformed 90% of all small-cap mutual funds, and robust do-it-yourself E.V.A. research reports. The Equities.com Issuer Dashboard is the ideal tool to communicate and manage investor awareness campaigns to the investment community, as well as to access valuable resources to help your company grow.

Market Data powered by QuoteMedia.
Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated. Terms of Use.

Login or Register

LOG IN