Search results
Results From The WOW.Com Content Network
Petroleum refining in the United States in 2024 had a capacity of 18.4 million barrels per day. [2] Although the US was the world's largest net importer of refined petroleum products as recently as 2008, the US became a net exporter in 2010, and in 2014 was the largest exporter and the largest net exporter of refined petroleum. [ 3 ]
Location of United States petroleum refineries, 2012. The United States petroleum refining industry, the world's largest, is most heavily concentrated along the Gulf Coast of Texas and Louisiana. In 2012, US refiners produced 18.5 million barrels per day of refined petroleum products. [18] Of this amount, 15 percent was exported. [19]
As a result of these closures total US refinery capacity fell between 1981 and 1995, though the operating capacity stayed fairly constant in that time period at around 15,000,000 barrels per day (2,400,000 m 3 /d). [25] Increases in facility size and improvements in efficiencies have offset much of the lost physical capacity of the industry.
U.S. oil refining capacity this year could decline by the largest amount in nearly a decade as pandemic-related travel curbs and a fire shut several plants, reversing years of small gains.
The single remaining refinery in Hawaii now also includes refining assets previously owned and operated as "Hawaii Refinery" by Chevron Corporation with up to 54,000 bbl/d (8,600 m 3 /d) in additional capacity. Chevron sold their Hawaii Refinery to newly formed Island Energy Services LLC in 2016, and IES sold the refining assets to Par Hawaii ...
Refining is easily the least glamorous aspect of the oil and gas business. And yet, this is where the next smart play is for energy investors. An increase in energy production in North America ...
While total refining capacity of Washington State comprises 3.4 percent of U.S. capacity, [2] Washington accounts for only 2 percent of national petroleum consumption. [3] This makes the state a net exporter of refined products as Washington's refineries yield more products than the population consumes.
Refining margins have scaled back from the peaks hit after Russia's invasion of Ukraine in 2022, amid a rise in global refining capacity that has led to a drop in fuel prices.