Strong Diesel Margins Push U.S. Refiners Toward Capacity Limits
6 Articles
6 Articles
The U.S. Energy Information Administration (EIA) said today that US refineries have maintained higher utilization rates than usual this year, driven by the high margins resulting from the global shortage of refined petroleum products. The use of refineries has reached an average of over 95% of their capacity between May and September, the highest figure recorded in those months since 1998, according to EIA. "This year, refinery activity has been…
U.S. refinery capacity utilization averaged more than 95 percent from May to September this year, the highest level since 1998, the U.S. Energy Information Administration (EIA) said. Diesel prices have risen to record levels worldwide, helped by the Iran war and Russian refinery capacity lost due to the Ukraine crisis. The Trump administration is encouraging refiners to increase diesel production in an effort to lower prices.
The use of refineries has averaged over 95 per cent of their capacity between May and September, the highest figure recorded in those months since 1998, according to EIA.
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