Tag: U.S refineries
Refinery runs may boost products oversupply – Platts
Unplanned issues at Gulf Coast refinery could provide some support to spot product prices if supply is curtailed significantly With U.S. refinery runs eyeing the 17-million-barrel-per-day (b/d) threshold this week, any resulting drop in the country’s crude inventories will likely be converted into product stock builds, exacerbating the persistent oversupply that has weighed on oil markets, […]
Selling Strategic Petroleum Reserves bolsters energy security
Strategic Petroleum Reserve protects against supply disruptions that could cause price spike This week’s budget deal between the White House and top lawmakers sells off a chunk of oil in the Strategic Petroleum Reserve (SPR) to raise general revenue for the government’s coffers and offset part of the budget deal’s cost. Like many, I have argued […]
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