(Oil Price) – The United States is exporting gasoline more than any other nation in the world, supplying more than 16% of all exports of the fuel globally, the U.S. Energy Information Administration (EIA) said in an analysis on Tuesday. Last year, U.S. motor gasoline exports (finished gasoline plus gasoline blending components) averaged 900,000 barrels per day (bpd). This is equivalent to
Oil Price Fall refinery maintenance in the United States will see almost 2.5 million barrels per day of capacity taken offline, Bloomberg reports, with more capacity cuts possibly coming early next year. In what Bloomberg describes as the “heaviest” maintenance season since before the COVID-19 pandemic, between September and December this year, the U.S. will lose nearly 2.5 million bpd of refining
World Oil (Bloomberg) — The 30-minute fire at LyondellBasell Industries NV’s Houston refinery Tuesday underscored just how quickly U.S. gasoline production can fall at a time when the country is experiencing record-high prices at the pump. The blaze took out a big coker vital in fuel production and forced the 270,000 barrel-a-day oil processor to cut crude rates for what
U.S. refining capacity rose by 0.2% in 2014 Refining capacity in the United States – measured as operable atmospheric crude distillation unit (CDU) capacity – increased by 0.2% in 2014, reaching a total capacity of 18 MMBOPD, according to the Energy Information Administration’s (EIA) Refinery Capacity Report. The refinery capacity reported for the beginning of 2015 includes expansions that were
