In the U.S. demand has been growing robustly, now consuming 19.2 million barrel per day.

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It also reported that it does not yet have an estimate as to when its 70, 000 barrel per day Port Reading , NJ refinery will come back on line, as full commercial power has not yet been restored.

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Considine examines a scenario in which the world experiences a 5 million barrel per day loss of non-Saudi crude and responds with an SPR release of 90 million barrels per month for the first three months, 60 million barrels per month for the next two months, and 30 million barrels during the sixth month.

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Ras Tanura, a tiny finger in the Persian Gulf, already has a 550, 000-barrel-per-day refinery, Aramco's biggest.

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He's even discussed reversing the flow of an 800, 000-barrel-per-day pipeline across Panama in order to make it easier to ship Venezuelan crude to Asia.

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According to Trade the News, Philadelphia Energy will be operating its 330, 000 barrel-per-day plant in Philadelphia (recently acquired from Sunoco) at reduced rates.

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One simple focused step: unleash natural gas and you can move the needle in million-barrel-per-day increments at a price and in a time-frame that nothing else on the table can.

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Motiva Enterprises' new 325, 000-barrel-per-day (bpd) crude distillation unit at its Port Arthur, Texas, refinery will likely not be repaired before Friday or Saturday, sources familiar with operations said on Tuesday.

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