Welcome to the disappointing refinery throughput edition of Oil Markets Daily!
US refinery throughput in 2019 has been absolutely dismal compared to 2018.
Source: EIA, HFI Research
Our main point related to the dismal throughput has to do with US refinery throughput from September to December.
US refinery maintenance from September 2019 to December 2019 will average 1.326 mb/d or 436k b/d higher than 2018's 890k b/d. This combined with the unfortunate event at PES has reduced US refinery throughput from Sept to Dec y-o-y by 647k b/d.
Source: Company reports, EIA, HFI Research
Over