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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 ]
The Oil & Gas Journal publishes a worldwide list of refineries annually in a country-by-country tabulation that includes for each refinery: location, crude oil daily processing capacity, and the size of each process unit in the refinery. For some countries, the refinery list is further categorized state-by-state.
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. In the ...
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]
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 ...
The refinery is also integrated with a large ExxonMobil petrochemical facility that is collocated on the same plot. Total ethylene cracking capacity for the site is currently 816,000 tons per year according to the Oil & Gas Journal Survey of Steam Crackers. [17]
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 ...