Tanker Operator: Record US refinery product volumes

Abdullah Alazzaz

09 August 2018: “The four-week average of gross domestic refinery inputs surpassed 18 mill barrels per day for the first time since the EIA started publishing this data in 1990. The last time refinery inputs approached 18 mill barrels per day was in the week of 25th August, 2017 – the week before Hurricane Harvey made landfall, Poten & Partners said in a comment.”

“This change may create dislocations in the marine fuels markets and therefore additional employment opportunities for product carriers, starting in the second half of 2019. In the US, refinery output is expected to continue to grow faster than domestic demand and the outlook for refined product exports is therefore bullish, Poten & Partners said.”

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