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HOUSTON, Nov.9 (Xinhua) – The operation of US refineries remains below the five-year range since this spring due to the impact of COVID-19, the US Energy Information Administration (EIA) said on Tuesday.
The agency found that since April 2020, when responses to COVID-19 reduced demand for refined products such as gasoline, distillate fuel, and jet fuel, gross inflows of crude oil and other raw materials to US refineries. They have been less than the five of 2015-2019. range of years.
Although runs have increased compared to their April lows, the continuing effects of the pandemic have resulted in refineries continuing to decline, according to the EIA’s Weekly Oil Status Report. As of October 30, US refinery operations were 14.0 million barrels per day (b / d), or about 13 percent less than the average for this time of year.
The report said that in April, substantial declines in US domestic demand for petroleum fuels resulted in a significant reduction in US refinery operations. Starting in June, some refineries began to increase their operations in response to gradual increases in demand. In the week ending August 21, gross inputs to refineries reached 15.3 million b / d, the highest level since April.
The Gulf Coast is the largest refining region in the United States and has been hit by a particularly active storm season this year. The Gulf Coast region is the source of most of the United States’ oil exports and is more likely to be affected by lower global demand for petroleum-based fuels. Final product
