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Japanese oil demand is expected to rise about 4.4 million bbl in August (140,000 bopd) after an earthquake forced the shutdown of a nuclear power station, Nippon Oil Corp. announced July 18. The magnitude 6.8 quake struck central Japan on July 16, knocking over 400 barrels containing low-level radioactive waste at the Tokyo Electric plant, and knocking the lids off 40 of them. Nippon said it may increase processing by 3-4% this month.
Bombed Mexican pipeline flows again
Mexico’s national oil company Pemex said that a key gas pipeline attacked by rebels is now functioning. The 36-in. pipeline from Mexico City to Guadalajara, which feeds industry in four western Mexican states, is delivering gas at the same rates that it did before the attacks, Pemex said in a news release. Service was suspended after several blasts damaged different sections of the pipeline. The pipeline began moving gas again on July 13.
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Houston, TX - November 4-5
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