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U.S. Refinery Crude Oil Distillation Capacity Reaches Record High
From January 1, 2018, to January 1, 2019, U.S. operable atmospheric crude oil distillation capacity increased 1.1%, reaching a record high of 18.8 million barrels per calendar day (b/cd), according to the U.S. Energy Information Administration’s (EIA) annual Refinery Capacity Report (Figure 1). The previous peak for the first day of the year
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Indonesian Oil Refiner Makes $48 Billion Bet to Double Capacity
The country’s crude oil output has declined to about 700,000 barrels per day from a high of 926,000 barrels in 2008, according to official data, underlining the need for long-term crude supply
Indonesian Oil Refiner Makes $48 Billion Bet to Double Capacity
(Bloomberg) -- Indonesia is accelerating plans to almost double its oil refining capacity, ignoring a temporary slump in demand triggered by the coronavirus pandemic, as the former OPEC member seeks to cut reliance on fuel products imports.
Indonesian Oil Refiner Makes $48 Billion Bet to Double Capacity
Indonesia’s goal of becoming self-sufficient in energy supply can’t be met by expanding refining capacity alone, Woodmac’s Gupta said. The country’s crude oil output has declined to about 700,000 barrels per day from a high of 926,000 barrels in 2008, according to official data, underlining the need for long-term crude supply partnership.
U.S. crude oil refining capacity nears 19 million bpd: U.S
Exxon’s capacity grew by 15,200 bpd, all at the company’s Baton Rouge, Louisiana, refinery. Phillips 66, also an independent refiner, is the nation’s fourth largest at 1.7 million bpd.
Oil Refinery Capacity Reaches Record High
Crude oil inputs to refineries averaged 17 million b/d in 2018, compared with 14.3 million b/d in 2009. Since 2009, distillation capacity increased 1.2 million b/cd, and utilization rose from 83% in 2009 to 93% in 2018, resulting in the 2.6 million b/d increase in crude oil inputs.
U.S. refinery capacity reaches record high at the start
Marathon’s refineries collectively have an operable capacity of slightly more than 3.0 million b/cd, 16% of total U.S. refining capacity and about 800,000 b/cd more capacity than the second-largest refiner, Valero Energy Corporation. Refinery runs and crude oil production both continued at record levels in the United States in 2018.
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EIA: U.S. Refinery Capacity Reaches Record High at The Start
As of January 1, 2019, U.S. operable atmospheric crude oil distillation capacity was a record-high 18.8 million barrels per calendar day (b/cd), an increase of 1.1% since the beginning of 2018, according to EIA’s annual Refinery Capacity Report. The previous high of 18.6 million b/cd was set at the beginning of 1981.
U.S. refinery capacity reaches record high at the start
Since 2009, operable refinery crude oil distillation capacity increased 1.2 million b/cd, and utilization rose from 83% in 2009 to 93% in 2018, resulting in the 2.6 million b/d increase in crude
The Best Oil Refiner: Analyzing The Big 4 U.S. Oil Refiner
A high oil price adversely affects the demand for oil products and thus it usually hurts refining margins. Thanks to the domestic crude supply glut, this effect has not been visible yet. Nevertheless, it is a risk factor to consider for the future, particularly if the crude supply glut eases via increased exports.
Oil refiners’ GRMs may remain under pressure on higher capacity
Mumbai: Higher than anticipated addition of capacity in 2019 may keep gross refining margins (GRM) of crude oil refiners suppressed for a few more months, said analysts. Against an incremental demand of 0.8mbpd (million barrel per day) an estimated 2.6mbpd of refining capacity came online in 2019.