GLOBAL MARKETS-Asia stocks rise, but gains for dollar, oil capped by jitters
* Oil higher as traders see buying opportunity but glut weighs
Nov 11 The New York harbor remained crippled from Hurricane Sandy, with minimal signs of progress in restoring normal flows through the biggest and most important oil trading hub in the country. Late on Friday, Phillips 66 provided an update on its 238,000 barrel-per-day Bayway plant in New Jersey, reiterating that it would take two to three weeks to resume production after electrical equipment was damaged by saltwater. Industry data provider Genscape said scrubbers on the gasoline-making Fluid Catalytic Cracker (FCC) at the refinery were active on Friday although units were still shut down. New York City began rationing gasoline on Friday for the first time since the 1970s, following New Jersey. As fuel shortages and long lines continued to plague the New York City and Long Island areas. Colonial Pipeline, the 800,000 bpd conduit that supplies 15 percent of East Coast fuel demand, on Friday said its system had "returned to maximum rates" but infrastructure issues including damaged facilities, closed roads and gas station power failures continued to hinder operations in New Jersey Buckeye Partners also said many of the facilities that supply its eastern system were still without power and dealing with damaged infrastructure, which depleted inventories. Hess Corp said on Thursday it had completed post-Sandy assessments at its 70,000 barrel-per-day (bpd) Port Reading, New Jersey, refinery, but was unable to set a time frame for restarting the plant due to local repairs needed by the local power authority. Some 28 percent of gas stations in the New York metropolitan area did not have gasoline available for sale on Friday, the same as the day before, according to the Department of Energy's data arm. KEY DEVELOPMENTS ON FRIDAY: * PHILLIPS 66 said it had resumed operating its Linden, New Jersey, terminal at "normal capacity" after reopening additional truck rack lanes, repairing the marine terminal, restoring the ability to discharge existing product inventories and making arrangements for additional supplies via pipeline and barges or tankers. But it reiterated that its 238,000 bpd Bayway refinery nearby would remain shut for two to three weeks, the same time frame it offered on Monday, and that its adjacent Tremley Point, New Jersey, terminal was expected to resume limited operations by the end of the month. The plant has been shut since Oct. 29. * COLONIAL PIPELINE said that although its system returned to "maximum rates," the situation in New Jersey had "not returned to normal" due to infrastructure problems that could lead to additional slowdown or shutdowns. It said problems included damage to customer facilities, road closures and power supply problems. * BUCKEYE PARTNERS said many of the supply conduits that feed into its eastern U.S. system were out on Friday although the system were fully capable of taking deliveries. KEY DEVELOPMENTS ON THURSDAY: * HESS CORP said it still does not have a time frame for restarting its 70,000 bpd refinery in Port Reading after completing an assessment of refinery equipment, which is now on standby. "The local power authority ... advised that repairs will be needed to a local substation before sufficient power is available to support the refinery's start-up process," it said. "A time frame for the refinery's restart will be determined once the full power requirement can be met." A brief power outage on Thursday forced it to stop marine and rack loading at Port Reading. * New York City Mayor MICHAEL BLOOMBERG on Thursday ordered the rationing of gasoline sold in the city. He also waived the requirement that buildings and homes in New York City utilize heating oil with sulfur content of less than 0.15 parts per million, effective through Dec. 7. * MOTIVA ENTERPRISES restarted rack operations from its terminal in Sewaren, New Jersey, terminal; it said work was continuing around the clock to complete repairs at its Newark facility. It said damage assessments at Brooklyn and Long Island facilities continued, with no time frame for resuming operations. * BUCKEYE PIPELINE said a terminal had a temporary power outage at Inwood, but continued operations on standby generators. Power has since been restored, the company said. KEY DEVELOPMENTS ON WEDNESDAY: * A NOR'EASTER blew into areas affected by Hurricane Sandy and dropped record snow in New York and New Jersey, complicating the energy network's recovery. * COMMERCIAL STOCKPILES of gasoline in the U.S. central Atlantic, which covers four states, including New York and New Jersey, slipped by only 310,000 barrels last week, government data showed. KEY DEVELOPMENTS ON TUESDAY: * MERCINI LADY, a 47,000-tonne clean oil tanker, was heading out of New York harbor after discharging off the southwestern shore of Manhattan, shipping data showed. BP had chartered the Liberian-flagged tanker to carry fuel from Texas to Montreal, but it was later diverted to the New York Harbor after the U.S. government authorized waivers to the Jones Act, allowing non-U.S. vessels to transit between U.S. ports. * KINDER MORGAN, which had resumed limited operations at its Carteret and Perth Amboy terminals in New Jersey on Monday, said about 238 barrels (some 10,000 gallons) of biodiesel leaked from its Carteret terminal into nearby Rum Creek and reached the Arthur Kill waterway. It said the spill was contained within a day of the storm. It has resumed limited marine operations at Carteret and hopes to do so soon for Perth Amboy and Staten Island. KEY DEVELOPMENTS ON MONDAY: * NUSTAR ENERGY LP said it had re-established "limited" pipeline and barge deliveries at its Linden, New Jersey, marine and storage terminal. It previously said the 4.1-million-barrel terminal was severely damaged by Sandy. * IMTT BAYONNE oil tank farm and terminal, which accounts for about one-fifth of the harbor's capacity, was only half back to normal by Monday, although damage assessments found that the majority of the facility's piers were ready for use and there had been no oil leaks, according to co-owner Macquarie Infrastructure Co. It gave no time frame for restoring full operations, but said IMTT would work through the week - including with relevant authorities - to return to full operations. * COAST GUARD removed restrictions along the Arthur Kill waterway, which separates Staten Island from New Jersey, as long as vessels move slowly along its waters, a Coast Guard agent said. EAST COAST REFINERIES: COMPANY PLANT CAPACITY STATUS (bpd) PBF Energy Delaware City, 190,000 Operations normal. Delaware PBF Energy Paulsboro, New 180,000 Operations normal. Jersey Hess Corp Port Reading, New 70,000 On standby. Unable to resume operations until local utility Jersey completes repairs to substation, Hess said on Nov. 8. No time frame for resuming full operations Philadelphia Philadelphia, 330,000 Company said on Nov. 2 it would be back to normal schedules Energy Solutions Pennsylvania that weekend after delays in crude deliveries. Monroe Energy Trainer, 185,000 All units running normally after turnaround, full rates seen Pennsylvania within several days. Phillips 66 Linden, New Jersey 238,000 Shut down. Phillips 66 reiterated on Nov. 9 it is likely to be two-three weeks to restart. Genscape reports some activity on FCC scrubbers. Terminal and rack operations back to normal. Imperial Oil Ltd Sarnia, Ontario 121,000 Returning to normal service as of Oct. 31 after power outage. NEW YORK HARBOR OIL TERMINALS STILL SHUT BY SANDY: COMPANY CITY STATE CAPACITY (bbls) Update Date Hess Bayonne NJ 11/6/2012 Hess Newark* NJ 11/6/2012 Motiva Newark NJ 1,113,000 11 / 8 /2012 Phillips 66 Tremley Point** NJ 11/ 9 /2012 Motiva Brooklyn*** NY 11 / 8 /2012 Motiva Sewaren**** NJ 5,000,000 11/8/2012 Motiva Long Island*** NY 222,000 11 / 8 /2012 Gulf Oil Linden NJ 568,374 10/31/2012 * Rack operations normal. Hess owns 20 terminals with an aggregate storage capacity of 21 million barrels in its East Coast marketing areas. ** Phillips 66 said it expected the Tremley Point terminal to resume limited operations by the end of November. *** Damage assessments continued as of No. 8; no time frame for restarting. **** Truck and rack loadings resumed; marine terminal still believed shut. TERMINALS WITH REDUCED OPERATIONS: Colonial Pipeline Linden NJ 11/9/2012 Open, but cites customer infrastructure problems Buckeye Partners Perth Amboy NJ 4,000,000 11/9/2012 Unclear; company says NJ oil flows "not back to normal" IMTT Bayonne NJ 16,000,000 11/5/2012 Half of the facilities are fully operational Motiva Bridgeport CT 1,290,000 11/4/2012 Open with reduced operations Hess Groton CT 812,185 11/3/2012 Process of restarting Hess Edgewater NJ 11/8/2012 Resumed as of Weds Hess Woodbridge NJ 11/8/2012 Resumed as of Weds Hess Pennsauken NJ 11/3/2012 Process of restarting Kinder Morgan Carteret NJ 7,833,080 11/5/2012 Generator power, limited operations/shipments; marine ops resumed Kinder Morgan Perth Amboy NJ 3,543,388 11/5/2012 Generator power, limited operations/shipments; marine ops seen soon Kinder Morgan Staten Island NY 2,959,700 11/5/2012 Generator power, limited operations; hopes to resume marine ops soon NuStar Energy Linden NJ 4,100,000 11/05/2012 Restored "limited" pipeline and barge deliveries TERMINALS REPORTED OPEN BY COMPANIES COMPANY LOCATION STATE CAPACITY UPDATE AS OF Kinder Morgan Philadelphia PA 11,878,462 11/4/2012 Magellan Midstream Wilmington DE 2,842,000 11/4/2012 Magellan Midstream New Haven CT 4,000,000 11/4/2012 Motiva New Haven CT 1,600,000 11/4/2012 Motiva Baltimore MD 1,100,000 11/4/2012 Motiva Fairfax VA 360,000 11/4/2012 Motiva Richmond VA 210,000 11/4/2012 Motiva Providence RI 1,458,000 11/4/2012 NuStar Energy Paulsboro NJ 90,800 11/4/2012 NuStar Energy Virginia Beach VA 40,000 11/4/2012 NuStar Energy Dumfries VA 11/4/2012 NuStar Energy Piney Point MD 5,403,000 11/4/2012 NuStar Energy Andrews AFB MD 11/4/2012 NuStar Energy Baltimore MD 832,000 11/4/2012 Phillips 66 Riverhead NY 11/4/2012 Hess Brooklyn NY 11/4/2012 BP Carteret NJ 1,445,000 11/4/2012 Hess Perth Amboy NJ 11/6/2012 Hess Roseton NY 11/6/2012 TERMINALS REPORTED OPEN BY DOE: Global Partners Inwood NY 11/4/12 Global Partners Newburgh NY 11/4/12 Global Partners Oyster Bay NY 11/4/12 Castle Port Morris Bronx NY 846,000 11/4/12 Gulf Oil New Haven CT 11/4/12 Northville Industries Port Jefferson NY 11/4/12 Schildwachter Oil Bronx NY 11/4/12 Buckeye Terminals, LLC Linden + NY 4,000,000 11/4/12 Inwood Carbo Industries, Inc. Inwood, Long NY 5,900,000 11/4/12 Island OTHER TERMINALS IN NEW YORK HARBOR AREA: COMPANY LOCATION CAPACITY STATUS Center Point Terminal Company New Jersey, NY Harbor 1,018,300 Unknown CITGO Petroleum Corp. Linden, NJ 3,669,250 Unknown Getty Terminals Corp. New Jersey, NY Harbor 1,018,300 Unknown Getty Terminals Corp. Bronx, NY 23,000 Unknown Lorco Petroleum Services New Jersey, NY Harbor 476,190 Unknown Metro Terminals Corp. Brooklyn, NY 207,000 Unknown Sprague Energy Corporation Long Island, NY 80,263 Unknown Sunoco Logistics Partners, LP New Jersey, NY Harbor 505,457 Unknown (Reporting by Selam Gebrekidan, Joshua Schneyer, Janet McGurty, Edward McAllister and Jonathan Spicer in New York; Editing Gary Hill and David Gregorio and Maureen Bavdek)
* Oil higher as traders see buying opportunity but glut weighs
* Gasoline imports tumble 94 pct to just 7,245 tonnes (Adds details on imports and exports)
BEIJING, March 23 China's gasoline exports in February hit the second highest on record, up 76.6 percent over a year earlier at 1.06 million tonnes, data from the Chinese customs showed on Thursday.