October 2008

Trends and Resources

HP Impact: HPImpact: US refiners increase capacity despite high oil costs, low margins

The National Petrochemical & Refiners Association (NPRA) recently released its annual US Refining and Storage Capacity Report. As of January 1, 2008, there were 150 operable refineries in the US (excl..

Weirauch, Wendy, Hydrocarbon Processing Staff

The National Petrochemical & Refiners Association (NPRA) recently released its annual US Refining and Storage Capacity Report. As of January 1, 2008, there were 150 operable refineries in the US (excluding Puerto Rico and the Virgin Islands). Total crude distillation capacity was 17.6 million barrels per calendar day and 18.6 million barrels per stream day. Domestic refining capacity increased 0.86% from 2007 to 2008, grew 4.1% over the past five years and is up 8.2% over the past nine years. "In spite of significantly higher crude prices over the last year and declining margins in the domestic refining community, refiners have continued to increase capacity to help meet consumer demand

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