Last updateThu, 19 Jul 2018 4pm


End-User News

Petrochemical Companies Slow to Restart Operations

U.S. crude markets continue to show signs of normalizing, with production and midstream bottlenecks easing. International and domestic crude prices have risen over the past two days, partially reflecting the resumption of crude oil consumption along the U.S. Gulf Coast as refineries return to service.

Including the impact of refineries that are partially operational, IHS Markit estimates that around 2.9 million b/d of distillation capacity (16% of U.S. total) is offline as of September 6. This is down from around 4.8 million b/d (27% of U.S. total) just one week ago. This total is expected to decline steadily over the next several days, falling to 1.6 million b/d (9% of U.S. total) over the weekend. 

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