U.S. oil refiners anticipate a decrease in their available refining capacity for the week concluding January 16. This reduction amounts to 450,000 barrels per day (bpd). Research company IIR Energy released these projections on Friday, detailing significant operational adjustments.
Immediate Capacity Outlook
For the week ending January 16, U.S. refiners plan to take an estimated 724,000 bpd of total capacity offline. This action directly contributes to the projected 450,000 bpd decrease in available capacity. Refiners are implementing various scheduled or unscheduled shutdowns, impacting overall output.
Consequently, the sector shows a notable adjustment in its operational status. Industry analysts will closely monitor these changes for potential market implications.
Projections for the Following Week
Looking further ahead, IIR Energy projects a substantial rise in offline capacity. For the week ending January 23, the firm expects total offline capacity to reach 1.1 million bpd. This represents a considerable increase from the previous week’s figures.
This anticipated surge in offline capacity suggests ongoing maintenance or other operational adjustments across U.S. refining facilities. Analysts will likely focus on these sustained high levels of offline capacity.
IIR Energy’s Findings
IIR Energy, a prominent research firm specializing in energy market intelligence, provided these critical figures. Their analysis offers a timely snapshot of the U.S. refining landscape. The report, published on Friday, serves as a vital data source for stakeholders.
Leave a Comment