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End-User News

Refining Industry Back on Track Post-Harvey

“Outages as a result of Hurricane Harvey highlighted the vulnerabilities in the U.S. refining industry and, by extension, the country’s overall energy security. However, the sector’s recovery in the past six weeks and its flexibility during the difficult hurricane season reflect its resilience, sophistication, and continued competitive advantage in the global market,” writes Matt Piotrowski for The Fuse.

“Unlike most of the oil and gas industry, the refining industry was able to make money when oil prices crashed, and it is still performing well. U.S. refining should continue to see its market power grow, since domestic refiners are capturing market share throughout the globe.” 

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