The United States oil refining capacity increased by a unit per cent or 173,650 barrels per day in 2019 to stand at 19 million barrels per day to establish a new record- says EIA.
- However, the number of total refineries remained unchanged against the previous period, reflecting on the increase in the utility rate.
- Marathon Petroleum Corp remained the largest refiner during the period with a combined throughput of 3.07 million barrels per day, representing 16 per cent of the total refining capacity of the country.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
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