Inspectioneering
News

U.S. Refinery Production Rising Faster than Demand

Bloomberg, June 15, 2021

After weathering more than a year of plummeting demand due to a global pandemic, a massive Gulf Coast freeze, the temporary shutdown of the Colonial pipeline, and weeks of spring rains, U.S. refiners have begun ramping up production of gasoline for the summer driving season. In the week ended June 4, refinery runs jumped to the highest since February 2020. Capacity utilization climbed four weeks in a row, reaching 91.3%, the most since January 2020.

Yet, despite road traffic being largely back to levels seen before the pandemic, supply is currently outpacing demand. 

Furthermore, running harder after more than a year of cuts and postponing maintenance may be contributing to a rash of unit malfunctions from California to Texas. Just last week, Valero Energy Corp. experienced fires at two of its Texas plants, Three Rivers and Port Arthur.

Click here to read the full article from Bloomberg.


Comments and Discussion

There are no comments yet.

Add a Comment

Please log in or register to participate in comments and discussions.


Inspectioneering Journal

Explore over 20 years of articles written by our team of subject matter experts.

Company Directory

Find relevant products, services, and technologies.

Talent Solutions

Discover job opportunities that match your skillset.

Case Studies

Learn from the experience of others in the industry.

Integripedia

Inspectioneering's index of mechanical integrity topics – built by you.

Industry News

Stay up-to-date with the latest inspection and asset integrity management news.

Blog

Read short articles and insights authored by industry experts.

Expert Interviews

Inspectioneering's archive of interviews with industry subject matter experts.

Event Calendar

Find upcoming conferences, training sessions, online events, and more.

Downloads

Downloadable eBooks, Asset Intelligence Reports, checklists, white papers, and more.

Videos

Watch educational and informative videos directly related to your profession.

Acronyms

Commonly used asset integrity management and inspection acronyms.