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US Refiners Boosting Fuel Output Past 90% Capacity: Reuters

OIL PRODUCTS
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US crude oil refiners aim to operate 90% of their combined processing capacity for the remainder of Q2 after completing planned overhauls, Reuters said.

  • Strong spring production has retail gasoline prices stable on the year, according to AAA.
  • US refineries ran at an average of 86% of their combined capacity of 18.1m b/d, according to the EIA.
  • Rates are rising as refineries return from overhauls. However, the 90% target is below the 93% capacity in Q2 2023
  • US refiner Marathon Petroleum said in April that it plans to run its refineries at 94%. They have a combined 2.9m b/d capacity in Q2. This is also up from the 82% rate during their maintenance season.
  • Valero, the US’ second-largest refiner, plans to boost rates to 95%, the company said April 25.
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US crude oil refiners aim to operate 90% of their combined processing capacity for the remainder of Q2 after completing planned overhauls, Reuters said.

  • Strong spring production has retail gasoline prices stable on the year, according to AAA.
  • US refineries ran at an average of 86% of their combined capacity of 18.1m b/d, according to the EIA.
  • Rates are rising as refineries return from overhauls. However, the 90% target is below the 93% capacity in Q2 2023
  • US refiner Marathon Petroleum said in April that it plans to run its refineries at 94%. They have a combined 2.9m b/d capacity in Q2. This is also up from the 82% rate during their maintenance season.
  • Valero, the US’ second-largest refiner, plans to boost rates to 95%, the company said April 25.