Phillips 66 partially shut down its 258,500 barrel-per-day Bayway refinery in Linden, New Jersey. The disruption was caused by a power outage in the region, which resulted from recent rainstorms.
The partial shutdown indicates an unexpected operational interruption at a significant refining facility. Such events can lead to reduced production volumes and potential impacts on the supply of refined products.
The company is expected to assess the full impact of the power outage and work towards restoring full operations. Operational stability at major refineries is crucial for consistent supply and financial performance.
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