Free Trial

OIL: Offline US Refining Capacity to Fall in Week to Aug 2: IIR

OIL

Offline capacity at U.S. oil refiners is expected to fall to 559kbpd in the week ending Aug 2, according to IIR Energy cited by Reuters.

  • Available refining capacity is expected to increase by 186kbpd from 745kbpd of offline capacity the previous week.
  • Offline capacity is expected to fall to 476kbpd in the week ending Aug 9.
  • EIA data for the week to Jul 19 showed refinery utilisation fell to the lowest since May 17 at 91.6% but a Bloomberg survey expects a rebound by 0.60% this week.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.