Related Articles
US refining faces mounting competition
Forward article link
Share PDF with colleagues

Asian refiners edging out US competition

Rising decarbonisation costs make coastal US refiners vulnerable to expanding Asian export capacity

The closure of ageing refining capacity in recent years amid mounting competition and environmental compliance costs has left US coasts increasingly dependent on imported refined oil products. And export-oriented refineries are having to contend with escalating competition for traditional markets. Ballooning overcapacity East of Suez, where Asia will add 0.39mn bl/d of capacity in 2022 and Middle Eastern capacity will grow by 0.89mn bl/d year-on-year, means gasoline and diesel will be cheap enough to export to Latin America, the US west coast and West Africa. Gulf Coast diesel will also face stiff competition for a slice of the European market in the coming years. Naphtha remains a bright



{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Letter from Singapore: Exploring Southeast Asia’s upstream mix
20 September 2021
The region’s upstream is not just a space for NOCs
Trinidad scrambles to prevent gas nosedive
17 September 2021
The country’s production has been freefalling for years, but expected startups will not be enough to avert further long-term losses
Nigerian reforms leave lingering doubts
16 September 2021
Questions remain over some specifics of the recently passed Petroleum Industry Bill and whether the reforms will be enough to jumpstart the country’s stalled upstream
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video