22 January 2025: 16:30 GMT
Bring out the Global Warming brigade, we need some blankets! Wrap up warm if you’re in the American south! The region is feeling the cold pinch now, with several refineries and pipelines cutting down or halting operations due to infrastructure struggling to cope with the subzero temperatures. Marathon’s near 600 kb/d Garyville refinery in Louisiana halted operations and Motiva has also reportedly halted operations at certain units. Neither provided more details when
we asked. It’s snowing in New Orleans for the first time in decades and Houston fell as low as -7 Celsius this morning!
In ‘The Officials’, Onyx Capital Advisory publishes outright values, spreads, cracks and boxes for the main energy commodities traded in the marketplace. The published values are determined independently and on a fair market basis by our team of dedicated professionals.
We invite you to read our reports, which will initially be published twice a day, reflecting closing values at 16:30 Singapore time (SGT) and at 16:30 London time (GMT/BST).
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