For the first time in a decade, the Energy Information Administration (EIA) is expecting refinery runs to decline and average 17.0 million barrels per day (b/d) in 2019.
The EIA’s Refinery Capacity Report maintains gross inputs to refineries, also known as refinery runs, have increased each year since 2009, having most recently reached a record high of 17.3 million barrels per day (b/d) in 2018.
However, officials said monthly data through May and forecast for the remainder of 2019 points to a decline.
The analysis determined refinery runs typically reach their highest points in the summer when demand for petroleum products tends to peak. At this point in 2019, weekly refinery runs have averaged 17.0 b/d through August 9, or 1.4 percent lower than during the same period in 2018.
Weekly refinery runs surpassed 18 million b/d in the week ending Aug. 2—a level achieved only seven times in the past decade.
Damage from an explosion at the Philadelphia Energy Solutions (PES) refinery in South Philadelphia in June led PES to discontinue operations, as officials acknowledged the refinery had the largest refining capacity among East Coast refineries, but experienced financial strains in recent years.
Since the explosion, refinery runs in the East Coast region have averaged 897,000 b/d, a decline of about 211,000 b/d from their averages in the six weeks before the explosion.
Central Maine Power Co. (CMP) has exceeded performance standards set by the Maine Public Utilities Commission (PUC), according to its…
PSEG Long Island received an award recently for innovation in digital engagement. The CS Week Expanding Excellence Award for Innovation…
For the second month running, Florida Power & Light Company (FPL) will reduce customer rates, thanks to approved cuts to…
A new study by National Grid and RMI seeks to better understand how integrated energy planning (IEP) and non-pipeline alternatives…
Valley Forge, Pa.-based PJM Interconnection said Thursday it anticipates having enough resources to meet electricity demand for what weather forecasters…
Mon Energy of West Virginia will begin award negotiations with the United States Department of Energy (DOE) in coming days…
This website uses cookies.