Outages & Turnarounds

9 Feb 2018: According to the latest IEA Oil Market Report, global refinery crude throughput reached 82.2 million barrels per day (mb/d) in December 2017, some 500,000 b/d more than in December 2016. For 2017 as a whole, throughput averaged 80.8 mb/d, a solid 1.5 mb/d higher than the year before. The strongest growth came from the U.S. and China, the countries with the world’s largest refining capacity. There is a certain seasonality in refining throughput and during the year this may have an impact on crude oil and refined product movements as well as stock levels. In this opinion we will try to determine if there are any clear patterns in the movements to the U.S. and China. Please fill in the form to read the article.