Delek Reports Malfunction Involving Crude-Oil Unit at Big Spring, Texas, Refinery -- OPIS
Dow Jones2026/08/31 19:50Delek reported an equipment malfunction involving a crude-oil unit at its 74,000 b/d Big Spring, Texas, refinery.
In a filing Monday with the Texas Commission on Environmental Quality, the company said the event began at 6:42 a.m. CDT Sunday and continued for 12 hours. The malfunction led to flaring and rates were reduced to minimize emissions, the TCEQ filing said.
Company officials said earlier this month that turnaround work had been completed at the refinery during the second quarter. The company has no planned maintenance scheduled for the rest of the year, the officials said.
This content was created by Oil Price Information Service, which is operated by Dow Jones & Co. OPIS is run independently from Dow Jones Newswires and The Wall Street Journal.
-- Reporting by Steve Cronin, steven.cronin@dowjones.com; Editing by Michael Kelly, mkelly@opisnet.com
(END) Dow Jones Newswires
August 31, 2026 15:50 ET (19:50 GMT)
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EIA expects Brent crude spot prices to remain at $100 per barrel for the rest of the year and raises the average price forecasts for this year and next.
The U.S. Energy Information Administration (EIA) has raised its forecast for average Brent crude oil prices in 2026 and 2027 to $97 and $86, respectively, reflecting pressures from global inventory declines, Middle East supply disruptions, and rising transportation costs. As oil production in the Middle East gradually recovers and global inventories rebound from low levels, the EIA expects the average spot price of Brent crude to fall to $87 per barrel in the second quarter of 2027, and further decline to $77 per barrel by the fourth quarter.
