Key facts
- Exxon Mobil's Joliet, Illinois refinery remains offline.
Exxon Mobil's 275,000-barrel-per-day refinery in Joliet, Illinois, remains offline after floodwaters overwhelmed a pump, according to a company filing. The facility had previously shut down on Sunday due to a power outage. The disruption occurs amid a tight global fuel market.
The continued outage of a key U.S. Midwest fuel supplier like Exxon Mobil's Joliet refinery adds pressure to an already tight global fuel market, potentially impacting gasoline and diesel prices for consumers and businesses.
Exxon Mobil's 275,000-barrel-per-day refinery in Joliet, Illinois, remains offline after floodwaters overwhelmed a pump, according to a filing on Thursday. The facility had previously shut down on Sunday due to a power outage that triggered its safety flare. The source of the outage was identified as issues with ComEd's primary and secondary power lines feeding the refinery, though the company declined to link the pump issue to the power outage. Power has since been fully restored. The refinery flared again on Wednesday, according to Patrick De Haan, head of petroleum analysis at GasBuddy. Industry monitor IIR Energy had expected a return to normal service by the end of the current week, while Wood Mackenzie reported the refinery was still offline as of Thursday. The Joliet refinery is a key supplier of gasoline and diesel fuel to the U.S. Midwest, capable of producing about 11 million gallons per day. This disruption occurs amid a tight global fuel market, exacerbated by the conflict in the Middle East and Ukrainian attacks on Russian refineries.