A large fire at Chevron's El Segundo refinery was successfully contained after erupting Thursday night, with no injuries reported; investigation into the cause is ongoing, and the incident is not expected to impact gas prices.
The Afipsky refinery in southern Russia was set on fire after a drone strike, part of Ukraine's ongoing series of attacks on Russian energy infrastructure, which has led to fuel shortages and Russia's plans to restrict fuel exports. The attack marks at least the 12th drone strike this month targeting Russian refineries and export facilities, with recent strikes causing operational disruptions and fire damage.
A fire broke out at a major Russian oil refinery in the Volgograd region after a drone strike claimed by Ukraine, with Governor Andrei Bocharov confirming the attack and subsequent fire. No injuries were reported, and the blaze was quickly brought under control. Ukrainian sources have publicly taken responsibility for the attack, marking a change in tactic, while Russian energy giant Lukoil, which operates the refinery, stated that it is the largest producer of oil products in the federal South district. The Russian army reported intercepting several drones in the region, with the attack coming after months of Ukrainian drone strikes against Russia.
A fire at the Marathon Petroleum refinery in Garyville, Louisiana, triggered evacuations for a few hours after a naphtha leak from a storage tank. The evacuation order was lifted after the fire was contained, and no injuries were reported. The refinery is located in an area known as "Cancer Alley," where chemical plants and oil refineries have caused health problems for residents. The cause of the fire is unknown, and the company stated that no off-site impacts have been detected.
Residents within a one-mile radius of a fire at a Marathon Petroleum refinery storage tank in Garyville, Louisiana, have been ordered to temporarily evacuate as a precautionary measure. The fire is contained to the refinery's property, and there have been no reported injuries. Marathon Petroleum Corp. stated that their main priority is ensuring the safety of employees, contractors, and the surrounding community, and an investigation will be conducted to determine the cause of the fire.
Oil futures rose by about 1% to reach a one-week high due to soaring U.S. diesel prices, a decrease in the number of oil rigs, and a fire at a refinery in Louisiana. Brent crude futures settled at $84.48 a barrel, while U.S. West Texas Intermediate (WTI) crude settled at $79.83. Diesel futures also surged to a near seven-month high, leading to an increase in the diesel crack spread. Weak economic data and a stronger dollar limited the gains. Despite concerns about economic growth and inflation, analysts expect crude prices to remain supported around $80 per barrel.
A shelter-in-place has been issued for a 3-mile radius around Calcasieu Refining due to a crude oil tank fire caused by a lightning strike. A mandatory evacuation has been issued for a 1.5-mile radius of the refinery, including the Graywood subdivision. The fire is expected to be put out by 2 a.m. on Sunday, June 4. The Burton Coliseum is open as a shelter for those forced to evacuate or in the area of the shelter-in-place. The Centers for Disease Control and Prevention has guidelines for staying safe during a shelter-in-place order.