Title : Record High Run Rates In US Refining Industry -- August 2, 2018
link : Record High Run Rates In US Refining Industry -- August 2, 2018
Record High Run Rates In US Refining Industry -- August 2, 2018
Active rigs:| $67.09↓ | 8/2/2018 | 08/02/2017 | 08/02/2016 | 08/02/2015 | 08/02/2014 |
|---|---|---|---|---|---|
| Active Rigs | 63 | 59 | 34 | 74 | 194 |
RBN Energy: record high run rates in US refining industry.
While crude oil producers in the prolific Permian Basin are living out a Shale Revolution, the Midcontinent region of the U.S. is having a Refining Renaissance. Crude takeaway constraints, mainly due to insufficient pipeline capacity, are driving the prices of crude in Western Canada and West Texas to attractive lows against the WTI NYMEX benchmark for crude at the Cushing, OK, hub. Cheaper oil can contribute to bigger margins for refiners, who are supplying increasing volumes into a retail market that’s selling gasoline at the highest prices in four years. What will happen if the refiners don’t rein in their runs? Today, we’ll explore the implications of record-high run rates in the U.S. refining industry.
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