Low transportation fuel demand and low profitability drive refinery run declines

Low transportation fuel demand and low profitability drive refinery run declines
WESPECH PTE LTD
8 Eu Tong Sen Street #14-94, The Central, Singapore (059818)
+65 315 904 24

04.05.2020

Transportation fuel demand has decreased since early March 2020 as a result of reduced economic activity and stay-at-home orders aimed at slowing the spread of the 2019 novel coronavirus disease (COVID-19). U.S. refineries have reduced the amount of crude oil and other inputs that they process (also known as refinery runs). U.S. refinery runs fell for four consecutive weeks, reaching 12.8 million barrels per day (b/d) in the week ending April 17, and increased slightly to 13.2 million b/d for the week ending April 24, or nearly 21% lower than the previous five-year average for this time of year.

Full article at eia.gov

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