GLOBAL MARKETS-Housing sector lifts U.S., European stocks; oil rises
* Oil prices reverse losses on Reuters' report of Iran signals
Nov 13 The New York Harbor energy network continued to recover on Tuesday from the aftermath of Hurricane Sandy, as a terminal came back online in New Jersey, while the state lifted fuel rationing put in effect after the storm. Motiva Enterprises LLC, a joint-venture between Royal Dutch Shell Plc and Saudi Aramco, resumed limited operations at its Newark, New Jersey, terminal following repairs. Motiva's other terminals in Brooklyn in Long Island, New York, however, are still offline, while the company inspects the damage that Sandy left behind. Only five of the 57 terminals that were in Sandy's path were shut as of Tuesday, according to the Department of Energy. Hess Corp, which shut its 70,000 barrel per day (bpd) refinery in Port Reading, New Jersey, after the storm, said it is working with the state's power provider to secure a full power supply before it restarts the plant. The 238,000 barrel-per-day plant owned by Phillips 66 in Bayway, New Jersey, will likely be shut for another two to three weeks as repairs are carried out, primarily on electrical equipment damaged by saltwater, the company said. KEY DEVELOPMENTS ON TUESDAY: * NEW JERSEY lifted the 1970s-style gasoline rationing imposed in 12 counties as the supply improved. * MOTIVA ENTERPRISES said it resumed limited operations from its Newark, New Jersey terminal as of Sunday. Motiva's Brooklyn and Long Island terminals are still shut. Operations have not resumed out of the Sewaren, New Jersey terminal. KEY DEVELOPMENTS ON MONDAY: * NEW JERSEY power company PSEG said it restored powered to an electrical substation that supplies electricity to Hess Corp's Port Reading, New Jersey plant. * PHILLIPS 66 said it had no new time frame for the restart of the Bayway refinery and said flaring at the plant on Sunday was related to preparation for resuming operations. * NEW JERSEY government says it will end gasoline rationing on Tuesday at 6 a.m. (1100 GMT). KEY DEVELOPMENTS ON SUNDAY: * KINDER MORGAN said all of its facilities were moving product inbound and outbound with limited marine operations restored at its Perth Amboy, New Jersey, and Staten Island, New York, terminals. KEY DEVELOPMENTS ON FRIDAY: * 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. 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. The company said marine and rack operations at its Bayonne, New Jersey, terminal were still suspended on Thursday. Marine operations at its Newark, New Jersey, terminal also remained suspended. All other Hess terminals continued to operate. * New York City Mayor MICHAEL BLOOMBERG ordered on Thursday the rationing of gasoline sold in the city. * BLOOMBERG 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. * 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 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 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. 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. PSEG says has restored power to substation. Philadelphia Philadelphia, 330,000 Back to normal operations Energy Solutions Pennsylvania Monroe Energy Trainer, 185,000 All units running normally after turnaround. Pennsylvania Phillips 66 Linden, New Jersey 238,000 Shut down. Phillips 66 said on Nov. 5 it is likely to be two-three weeks to restart. 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 10/31/2012 Phillips 66 Tremley Point** NJ 11/3/2012 Motiva Brooklyn NY 10/31/2012 Motiva Long Island NY 222,000 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. TERMINALS WITH REDUCED OPERATIONS: Colonial Pipeline Linden NJ Open, commercial power 11/8/2012 back, serving 14 terminals IMTT Bayonne NJ 16,000,000 Half of the facilities are 11/5/2012 fully operational Motiva Bridgeport CT 1,290,000 Open with reduced 11/4/2012 operations Hess Groton CT 812,185 Process of restarting 11/3/2012 Hess Edgewater, NJ Resumed as of Weds 11/8/2012 Hess Woodbridge, NJ Resumed as of Weds 11/8/2012 Hess Pennsauken NJ Process of restarting 11/3/2012 Kinder Morgan Carteret, NJ 7,833,080 Generator power, limited 11/5/2012 operations/shipments; marine ops resumed Kinder Morgan Perth Amboy, NJ 3,543,388 Limited marine ops restored 11/11/2012 Kinder Morgan Staten Island, NY 2,959,700 Limited marine ops restored 11/11/2012 NuStar Energy Linden, NJ 4.1 mln bbls Restored "limited" pipeline 11/05/2012 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 Motiva Sewaren NJ 5,000,000 11/8/2012 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 Gulf Oil, Limited Partnership Linden, NJ 568,374 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, Erwin Seba,Joshua Schneyer, Janet McGurty, Edward McAllister and Jonathan Spicer in New York; Editing by Phil Berlowitz, Gary Hill and Sofina Mirza-Reid)
* Oil prices reverse losses on Reuters' report of Iran signals
BATON ROUGE, La., Aug 23 U.S. President Barack Obama walked door to door in an East Baton Rouge Parish neighborhood on Tuesday hugging people and offering assurances that the country would help them recover from some of the worst floods ever recorded in Louisiana.
* Coming up: API inventory report at 2030 GMT (Recasts and updates to settlement)