Refineries

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US Refining Capacity Fell by 263,000 Barrels Per Day in 2025, Says EIA

Conventional Energy, Energy Topics & Technology, Latest, Oil, Refineries, US News / By

(Reuters) – U.S. refining capacity fell by 263,000 barrels per day (bpd), or 1.43%, in 2025, driven by the planned conversion of a major Houston refinery and a Los Angeles-area plant that shuttered citing market dynamics in California, a state known for strict environmental regulations. Marathon Petroleum, based in Findlay, Ohio, continues as the largest …

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US Diesel Refining Economics Remain Firm Despite Iran War Truce

Diesel Fuel, Energy Topics & Technology, Latest, Refineries, US News / By

(Reuters) – The U.S. diesel futures crack spread, a measure of profitability for refiners, hit a three-week high as analysts said supply tightness for the product is set to persist even after a preliminary deal was reached to end the Iran war. The crack spread, calculated as the difference between the price of U.S. ultra-low …

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Fire Extinguished at Monroe Energy’s Trainer Refinery in Pennsylvania

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By Nicole Jao and Ashitha Shivaprasad NEW YORK, June 25 (Reuters) – A fire was ​extinguished in a process unit pump room at ‌Monroe Energy’s 190,000-barrel-per-day refinery in Trainer, Pennsylvania, on Thursday, the company said in a statement. The exact cause of the fire is unclear ​at this time, the company said, adding the ​incident …

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Asia Has Plenty of Crude Oil, But Refined Fuels Remain Tight: Russell

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(Reuters) – Asia’s imports of crude oil are on track to return to pre-Iran conflict levels, but flows of refined products are still constrained and fuel prices reflect the supply stresses. The world’s top energy-consuming region is expected to import about 22.18 million barrels per day (bpd) of crude in June, up from 20.35 million …

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Ukraine Brings the War to Moscow as Huge Blasts Shakes Refinery

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The blast was so powerful that the huge disc-shaped lid of an oil storage tank was launched into the sky over Moscow like a frisbee. Evading Russian air defences, Ukrainian drones struck an oil refinery in southeast Moscow on Thursday for the second time in three days, igniting a fierce blaze that spewed out clouds …

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Middle East Oil Refineries Could Ramp Up Output in 40-60 Days From End of Crisis, Vitol Bahrain Says

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(Reuters) – Middle East oil refineries could recover to more normal production levels in 40-60 days from the end of the current oil supply crisis linked to the effective closure of the Strait of Hormuz, Vitol Bahrain’s regional head of research Bader Nooruddin said on Wednesday. That timeline would take production up to around 90-95% …

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Oil Refining Has Been Underinvested, Saudi Aramco Says

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(Reuters) – The current oil supply crisis shows there is underinvestment in oil refining as demand holds resilient, Saudi state-owned Aramco’s vice president of market analysis and sustainability, Musaab Al Mulla, said on Tuesday. Around 3 million barrels per day of refining capacity closed between 2020 and 2023, Al Mulla said at the S&P Global …

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US Crude Refiners Are Pushing Run Rates to Maximum Levels

Conventional Energy, Energy Topics & Technology, Latest, Oil, Refineries, US News / By

By Barbara J. Powell US oil refiners are running their plants harder than usual, with some even putting off maintenance, as strong profits and steady demand for fuels tempt the processors to run plants near maximum capacity. The industry has had one of its lightest maintenance seasons in years. From January through May, refiners shut …

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Ukraine Attacked Russian Oil Refinery in Yaroslavl, Zelenskiy Says

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May 22 (Reuters) – Ukrainian forces have attacked a Russian oil ​refinery in Yaroslavl, some 700 km (435 miles) from the ‌Ukrainian border, President Volodymyr Zelenskiy said on Friday, the latest in a series of strikes by Kyiv on oil facilities ​in Russia. “In particular, overnight, the Defense Forces ​of Ukraine operated against targets associated …

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Japan Oil Refiners Expect to Secure Enough Supply to Replace Middle East Crude for Summer

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(Reuters) – Japanese oil refiners will be able to secure sufficient substitute crude and petroleum products to replace Middle Eastern supplies through the summer, the head of an industry association said on Wednesday. Shunichi Kito, president of the Petroleum Association of Japan, said that U.S. crude is becoming the main substitute while efforts continue to …

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