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In 1883, Ohio ranked fifth among oil-producing states, behind Pennsylvania, West Virginia, New York, and California; its total production of 47,000 barrels of oil that year was less than one percent of the nation's oil output. But Ohio production climbed rapidly, and in 1895 Ohio became America's leading oil-producing state.
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 ]
Ohio has the second largest oil refining capacity in the Midwest. [15] Toledo is home to facilities operated by PBF Energy and BP, totaling over 300,000 BPD capacity. The BP facility is undergoing a $400 million renovation and is expected to receive nearly exclusive supplies from a $2.5 billion oilsands project in Alberta by 2011. [16]
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. In the ...
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 ...
800-290-4726 more ways to reach us. ... That compares with the S&P 500 energy sector's 11.70% increase so far this year. "Refining margins were a little softer year-over-year but refiners are ...
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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]