Generic Hero BannerGeneric Hero Banner
Latest market news

Fog delays Houston area ports for fifth day

  • : Crude oil, LPG, Oil products, Petrochemicals
  • 19/02/05

Houston's winter fog season has created significant delays this week for vessels carrying crude, refined products and other commodities to and from Gulf coast-area facilities.

The Houston Ship Channel, a key waterway that refiners and petrochemical plants use to bring in feedstocks and ship out products, faced closures for the fifth consecutive day today.

There were 57 vessels waiting to enter the Houston Ship Channel as of 5:30pm ET today and 16 waiting to exit, according to a Houston Pilots Association dispatcher. With fog headed inland, it was unlikely that vessels would be able to move later in the day, the dispatcher said.

The October-March period that brings cooler weather to Houston also brings periods of dense fog that can close the Houston Ship Channel and other area ports for days at a time, as warmer humid Gulf air collides with colder onshore air masses.

Dense fog advisories in Houston and Galveston normally peak in the first half of February, according to National Weather Service data.

"February is kind of the worst month for us," said JJ Plunkett, port agent for the Houston Pilots Association, whose pilots help ferry vessels in and out of area ports.

But colder and drier weather is in the Houston-area forecast for 7 February, which could improve vessel movements dramatically, Plunkett said.

Houston Pilots suspended all vessel boarding operations starting at 2:02pm ET on 3 February, while Galveston Pilots suspended operations as of 12pm ET.

Vessels have been able to move in fits and starts over the last few days, alternating between inbound and outbound trips, Plunkett said.

The channel was closed for nine hours 1 February, according to shipping agency Moran Shipping, for just three and a half hours on 2 February and 90 minutes on 3 February. On 4 February the Ship Channel opened for several hours in the afternoon just for inbound traffic but has been closed since 6:25pm ET that day.

Though the record books are still open for 2019 it is unlikely that fog closures will top 2015, when they peaked at 680 total hours, Plunkett said.

Fog-related channel closure hours for Houston, Texas City and Galveston combined fell to 379 hours in 2016 and to 347 hours in 2017 before rising to 537 hours in 2018, according to a US Coast Guard report issued on 1 February.

A closure lasting over 72 hours straight can trigger concerns with refinery and other plant operators, Plunkett said. "At that point they start to get into a bind with their feedstocks or their product containment," he said.

Over 45pc of total US refining capacity is located along the US Gulf coast, according to the Energy Information Administration.

Farther east along the Gulf coast, the Sabine Pass waterway has been closed to large ships, including all LNG ships, since 2 February, and will reopen when the heavy fog lifts, the Sabine Pilots Association said. The fog likely impacted loadings at the Sabine Pass LNG export terminal, though facility owner Cheniere Energy declined to comment.

Five LNG ships are at or near Sabine Pass waiting to lift cargoes. Gas intake likely dropped when the five LNG storage tanks at Sabine Pass, which have capacity equivalent to about 17 Bcf of gas, became full.


Related news posts

Argus illuminates the markets by putting a lens on the areas that matter most to you. The market news and commentary we publish reveals vital insights that enable you to make stronger, well-informed decisions. Explore a selection of news stories related to this one.

25/04/29

Carney’s Liberals to form next Canadian government

Carney’s Liberals to form next Canadian government

Calgary, 28 April (Argus) — Canadian prime minister Mark Carney and his Liberal party are projected to win the country's 45th general election, but securing a majority of seats in Parliament is unclear with many tight races still to be determined. The Liberal party is on track to take 156 of the 343 seats up for grabs, according to preliminary results from Elections Canada at about 11pm ET. The Conservatives, led by Pierre Poilievre, will form the official opposition with an estimated 144 seats so far. The Liberals seat count is comparable to the 160 won in the 2021 election while the Conservatives are up from 119. If the Liberals win a minority they would need the support of other parties to pass legislation, as they did prior to the election. The win completes the comeback for the Liberal party which just a few months ago languished in polls as dissatisfaction of then-prime minister Justin Trudeau rose. Carney and his experience navigating economic crises resonated with voters as they found themselves in a trade war initiated by US president Donald Trump. The US has imposed a 25pc tariff on Canadian steel and aluminum since 13 March and Canadian automobiles since 9 April. Canada has retaliated to each wave with tariffs of their own. Canadian oil and gas has been exempt from US tariffs but Trump's trade action has led many politicians and Canadians at large to re-examine the need to diversify its energy exports. Trade corridors, pipelines and LNG facilities were promoted by both Carney and Poilievre. Carney and Trump agreed in late-March that broader, comprehensive economic negotiations would happen after the election. The Liberals have held power since 2015, but only in a minority capacity since the 2019 election. Inflation, housing, Trump top concerns The key issues for Canadians this election cycle were inflation, housing, cost of living and international relations — particularly the aggressive moves from the US, according to polls. Diversifying trade and growing energy production have been promoted by both Conservative and Liberal leaders — and prime minister hopefuls — looking to become less dependent on US customers and kickstart a lagging economy. Canada is the world's fourth-largest oil producer with over 5.7mn b/d of output, and the fifth-largest natural gas producer at 18 Bcf/d, according to the Canadian Association of Petroleum Producers (CAPP). The US is Canada's largest foreign customer of each, but verbal and economic attacks on Canada by Trump have prompted politicians and Canadians at large to reexamine their trade strategies. Poilievre says Liberal policies over the past decade have stifled the country's productivity and allowed it to become the weakest performer in the G7. Liberal policy needs to be undone so Canada can "unleash" its oil and gas sector to better protect its sovereignty , says Poilievre. Carney's campaign had centered heavily on Trump, emphasizing the threat comes from abroad, not within. Carney wants to make Canada an "energy superpower" but maintains current legislation is the way to do it, despite calls to the contrary by oil and gas executives . By Brett Holmes Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Power outage hits Spanish refineries: Update 2


25/04/28
25/04/28

Power outage hits Spanish refineries: Update 2

Adds details on flight cancellations London, 28 April (Argus) — A massive power cut across the Iberian peninsula has disrupted operations at several refineries, chemical plants and airports in Spain and Portugal today. All five of Repsol's Spanish refineries have been forced to shut, a union representative for the company's workers said. This includes the 220,000 b/d Bilbao refinery, which is operated by Repsol's Petronor subsidiary. Crews are in place, securing units at the refineries. "There is sufficient autonomy in all of them to guarantee the safety of the facilities," the union representative said. Repsol has yet to respond to a request for comment. Fellow Spanish refiner Moeve said it also has halted activity at its refining and chemical plants in the country and is using back-up power generators "to guarantee the safety and control of the system". Moeve operates the 244,000 b/d Algeciras and 220,000 b/d Huelva refineries. Its 250,000 t/yr San Roque base oils plant is also shutting down. Chemicals firm Dow said all plants at its Tarragona industrial complex in Spain have been closed. The longer the power outage lasts, the longer it will take to restart integrated sites. Refineries affected by power outages normally require a 2- to 3-day restart period. It is unclear yet whether any plants have sustained damage. Airports in both countries have also been affected, with 29pc of flights cancelled at Lisbon, according to data from analytics firm Cirium. A total of 96 flights from Portuguese airports have been cancelled today, according to Cirium, while 45 have been cancelled in Spain. Spanish transmission system operator Red Electrica and relevant government bodies are investigating the cause of the blackout. Red Electrica said power has been restored "at substations in several areas in the north, south and west of the peninsula, and consumers in these areas are beginning to be supplied". By George Maher-Bonnett, Isabella Reimi, Alex Sands and Monicca Egoy Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Canadians go to polls in general election


25/04/28
25/04/28

Canadians go to polls in general election

Calgary, 28 April (Argus) — Voting in Canada is underway today with the governing Liberal party looking to complete a comeback in polling against the Conservative party to clinch its fourth-straight term. There are 343 seats up for grabs in Canada's Parliament and polls throughout the five-week campaign indicate the Liberals have a reasonable chance to win a majority, which would allow them to implement policies without needing the support of other parties. Latest polling figures show the Liberals at 43pc, the Conservatives at 39pc, the New Democratic Party (NDP) at 8pc, the Bloq Quebecois at 6pc, and the Green Party at 2pc, according to poll aggregator Canada338 on Monday. The Liberals have held power since 2015, but only in a minority capacity since the 2019 election. The key issues for Canadians this election cycle are inflation, housing, cost of living and international relations, according to polls. Diversifying trade and growing energy production have been promoted by both Conservative and Liberal leaders — and prime minister hopefuls — looking to become less dependent on US customers and kickstart a lagging economy. Canada is the world's fourth-largest oil producer with over 5.7mn b/d of output, and the fifth-largest natural gas producer at 18 Bcf/d, according to the Canadian Association of Petroleum Producers (CAPP). The US is Canada's largest foreign customer of each, but verbal and economic attacks on Canada by US president Donald Trump have prompted politicians and Canadians at large to reexamine their trade strategies. Conservative leader Pierre Poilievre says Liberal policies over the past decade have stifled the country's productivity and allowed it to become the weakest performer in the G7. Liberal policy needs to be undone so Canada can "unleash" its oil and gas sector to better protect its sovereignty , says Poilievre. Liberal leader Mark Carney's campaign has centered heavily on Trump, emphasizing the threat comes from abroad, not within. Carney wants to make Canada an "energy superpower" but maintains current legislation is the way to do it, despite calls to the contrary by oil and gas executives . A fresh face for the Liberals and a foe to rally against in Trump has lifted the fortunes of the party, which some critics speculated only months ago could lose most of its seats. As recent as January, the Liberals were facing a 26-point deficit in polls, but the party mounted a comeback at the expense of both the Conservatives and the left-leaning NDP. The Conservatives would likely have to overtake the Liberals by several percentage points to win enough seats to form a government, based on the past two elections in 2019 and 2021. More Canadians voted for Conservatives than any other party in those races, but the Liberals came away with the most seats, owing to their success in winning tight races. The last polls close on Canada's west coast at 10pm ET with preliminary results expected shortly after. By Brett Holmes Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Power outage hits Spanish refineries: Update


25/04/28
25/04/28

Power outage hits Spanish refineries: Update

Adds new details throughout London, 28 April (Argus) — A massive power cut across the Iberian peninsula has disrupted operations at several refineries and chemical plants in Spain today. All five of Repsol's refineries have been forced to shut, a union representative for the company's workers said. This includes the 220,000 Bilbao refinery which is operated by Repsol's Petronor subsidiary. Crews are in place, securing units at the refineries. "There is sufficient autonomy in all of them to guarantee the safety of the facilities," the union representative said. Repsol has yet to respond to a request for comment. Fellow Spanish refiner Moeve said it has also halted activity at its refining and chemical plants in the country and is using back-up power generators "to guarantee the safety and control of the system". Moeve operates the 244,000 b/d Algeciras and 220,000 b/d Huelva refineries. Its 250,000 t/yr San Roque base oils plant is also shutting down. Chemicals firm Dow said all plants at its Tarragona industrial complex in Spain have been closed. The longer the power outage lasts, the longer it will take to restart integrated sites. Refineries affected by power outages normally require a 2-3 day restart period. It is unclear yet if any plants have sustained damage. Spanish transmission system operator (TSO) Red Electrica and relevant government bodies are investigating the cause of the blackout. Red Electrica said power has been restored "at substations in several areas in the north, south and west of the peninsula, and consumers in these areas are beginning to be supplied". By George Maher-Bonnett, Isabella Reimi, Alex Sands and Monicca Egoy Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Power outage hits Spanish refineries


25/04/28
25/04/28

Power outage hits Spanish refineries

London, 28 April (Argus) — A massive power cut across the Iberian peninsula has disrupted operations at several refineries in Spain today, sources told Argus. Spanish firm Repsol's Petronor subsidiary halted all units at its 220,000 Bilbao refinery earlier because of the power cut, with black smoke released as part of the security stoppage, market participants said. Shutdowns are also under way at Moeve's 250,000 t/yr San Roque base oils plant and at Repsol's 135,000 b/d La Coruna refinery, sources said. Flaring has been seen at Repsol's 180,000 b/d Tarragona refinery as a result of a response system being activated at the site, according to petrochemical sources. Moeve and Repsol have yet to respond to a request for comment. "The refineries need to be brought to a safe state," a trade union representative for Repsol workers said. "The crews are in place, securing the units. There is sufficient autonomy in all of them to guarantee the safety of the facilities." Chemical sites will also be affected by the power outage. The longer the power outage lasts, the longer it will take to restart integrated sites. Refineries affected by power outages normally require a 2-3 day restart period. It is unclear yet if any plants have sustained damage. By George Maher-Bonnett, Isabella Reimi and Alex Sands Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Generic Hero Banner

Business intelligence reports

Get concise, trustworthy and unbiased analysis of the latest trends and developments in oil and energy markets. These reports are specially created for decision makers who don’t have time to track markets day-by-day, minute-by-minute.

Learn more