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Shell to close Convent refinery

Oil

Shell has announced that it plans to close its 211K b/d Convent refinery in Louisiana, after failing to find a buyer since announcing initial plans to sell the facility in July, Reuters report. This will be the largest US refinery to close since the coronavirus pandemic hit earlier in the year, as well as the first located on the US Gulf Coast, with eight other facilities in North America also being shut down or idled in this time period. Almost 2M b/d of global refinery capacity has now been closed due to the coronavirus pandemic, with another 1.4M b/d temporarily decommissioned or being converted into other facilities.