Since April, when responses to the 2019 novel coronavirus disease (COVID-19) reduced demand for refined products such as gasoline, distillate fuel, and jet fuel, gross inputs of crude oil and other raw materials to U.S. refineries (refinery runs) have been lower than the five-year range (2015—19). Although runs have increased compared with their April lows, the continued effects of the pandemic, in addition to seasonal factors, have resulted in continued lower refinery runs. As of October 30, U.S. refinery runs were 14.0 million barrels per day (b/d), or about 13% lower than the average for this time of year, according to the U.S. Energy Information Administration’s (EIA) Weekly Petroleum Status Report. Read more U.S. refinery runs remain lower than the five-year range
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Source: CTRM Center