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End-User News

Oil Boom Not Expected to Increase U.S. Refining Capacity

Even as crude production set records in 2017, refining capacity was similar to what it was the year before.

"Primary crude distillation capacity is not expected to increase more than a tiny fraction in 2018 either," Morningstar director of oil and products research Sandy Fielden tells the Houston Chronicle. "Although major oil companies like ExxonMobil have announced plans to expand existing Gulf Coast refineries to process additional shale crude in the coming years, there is little talk of building new large-scale plants." 

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