Related Articles
Garyville refinery in Louisiana
Forward article link
Share PDF with colleagues

Resurgent demand drives US refining recovery

The domestic downstream sector is bouncing back on healthier margins, but the energy transition threat still looms large

Refining margins in the US got a head-start on their usual seasonal uptick this year thanks to particularly inclement winter weather. The ‘Big Freeze’ paralysed refining operations on the US Gulf Coast and sent weekly US crude throughput to its lowest levels this century in late February. To make matters worse—or better for those still able to run—many idled units struggled to return quickly, drawing product inventories to markedly more constructive levels, despite an end-user demand environment that was and is still ravaged by Covid-19. US crude intake has rebounded by 50pc from record lows, but clean product inventories continue to draw, a sign of particularly healthy end-user demand in re



{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
South Africa’s energy sector and the just transition
27 October 2021
Continuous engagement by stakeholders crucial in ensuring energy sector is sustainable while also managing social impacts of shift
Var looks at IPO
27 October 2021
The Norway-focused IOC/private equity company is mulling a flotation
OGA takes aim at Elgin-Franklin laggards
26 October 2021
The UK upstream regulator is unhappy at partners in the field dragging their feet on the sale of ExxonMobil’s stake
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video