US refining capacity set for first major drop in nearly 10 years
Pandemic-related travel curbs and a fire have shut several plants, reversing years of small gains.
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The US EIA has reported that the drop in petroleum demand led to a rise in crude oil inventories and low refinery utilisation.
The EIA has reported that low transportation fuel demand and reduced profitability is driving refinery run declines.
Air Products has announced the completion of its acquisition of five hydrogen plants from PBF Energy.
GlobalData has reported that the US will drive North America to reach a total refining capacity of 25.8 million bpd in 2024.
The EIA has reported that less petroleum and other liquids consumed in the US is coming from refineries.
Petroteq has announced that it has reached a new production milestone of 300 bpd at its Asphalt Ridge plant.
Aegion Corp. has been awarded a three-year industrial services contract at a Salt Lake City Refinery, Utah, USA.
Shell has finalised the sale of its Martinez Refinery in California, US, to PBF Holding Co. LLC.
ExxonMobil Fuels has been found to have the highest crude oil refinery maintenance globally in 2019, according to GlobalData.
