According to FGE Nexanteca, European refineries will shut down slightly more production capacity in November compared to October. The research institute predicts that the region's stopped crude oil production capacity in November was 950,000 b/d, compared to 850,000 b/d this month. This figure will be reduced to 270,000 b/d in December. Analyst Qilin Tam said in an email that the scale of maintenance will be relatively small this quarter due to refinery delays in order to obtain high profits. Furthermore, Energy Aspects said last month that due also to delays in maintenance, production capacity levels in Europe will drop by about 400,000 b/d year-on-year in October and November.

Zhitongcaijing · 2d ago
According to FGE Nexanteca, European refineries will shut down slightly more production capacity in November compared to October. The research institute predicts that the region's stopped crude oil production capacity in November was 950,000 b/d, compared to 850,000 b/d this month. This figure will be reduced to 270,000 b/d in December. Analyst Qilin Tam said in an email that the scale of maintenance will be relatively small this quarter due to refinery delays in order to obtain high profits. Furthermore, Energy Aspects said last month that due also to delays in maintenance, production capacity levels in Europe will drop by about 400,000 b/d year-on-year in October and November.