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



{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Muscat faces up to oil twilight
15 June 2021
The Omani government’s focus is reluctantly shifting to managing output decline
Indebted KrisEnergy set for liquidation
15 June 2021
Disappointing Cambodian exploration results seal Singaporean independent’s fate
India needs tax and regulatory consistency – Cairn
15 June 2021
Rules for new prospects should be extended to mature fields, according to the domestic producer
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video