U.S. crude oil production increases; imports remain strong to support refinery operations

U.S. crude oil production increases; imports remain strong to support refinery operations
WESPECH PTE LTD
8 Eu Tong Sen Street #14-94, The Central, Singapore (059818)
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18.02.2020

United States refineries are some of the most complex in the world and can process a wide range of crude oil qualities. Although U.S crude oil production has grown significantly since 2009, having access to imports from oil producers around the world provides refiners with the range of crude oil quality that is optimum for each refinery's configuration, maximizes profitability, and enables the refinery to either supply petroleum products for domestic consumption or export at competitive prices.

Full article at eia.gov

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