crack spread

Global crack spreads remain low amid slow oil demand recovery and high stocks

October 8, 2020

EIA In its latest Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) estimates that third-quarter 2020 global liquid fuels consumption averaged 94.2 million barrels per day (b/d), an increase from the second quarter but significantly lower than the same time last year. The slow recovery has contributed to low gasoline and diesel crack spreads and high petroleum product stocks in three major

U.S. refineries respond to record-low demand by decreasing inputs to certain downstream units

August 21, 2020

EIA Starting in mid-March 2020, transportation fuel demand in the United States decreased to record lows as a result of reduced economic activity and stay-at-home orders aimed at slowing the spread of the 2019 novel coronavirus disease (COVID-19). In response to low demand and decreased profitability, as measured by crack spreads, U.S. refiners decreased inputs of crude oil to atmospheric distillation units (ADUs) and decreased

U.S. crude oil production increases; imports remain strong to support refinery operations

February 25, 2020

EIA In the Annual Energy Outlook 2020 Reference case, EIA projects that the United States will remain a net exporter of total petroleum liquids; however, the United States will remain a net importer of crude oil through 2050. United States refineries are some of the most complex in the world and can process a wide range of crude oil qualities. Although U.S crude oil

﻿ Global crack spreads remain low amid slow oil demand recovery and high stocks

U.S. refineries respond to record-low demand by decreasing inputs to certain downstream units

U.S. crude oil production increases; imports remain strong to support refinery operations

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Global crack spreads remain low amid slow oil demand recovery and high stocks