7 hours ago
US Refining Capacity Declines Amid Uncertain Fuel Demand Outlook
US refiners' operating capacity edged lower in 2024 as an uncertain outlook for gasoline and diesel prompted fuelmakers to pull back after a period of expansion.
America's refining fleet — the world's largest — contracted by 43,000 barrels a day in 2024, shrinking to 18.3 million barrels a day of operating capacity, according to an Energy Information Administration report that gives a snapshot of the industry as of Jan. 1 each year.
