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The Refinery capacity of Oil & Gas industry in United States of America (2017 - 2025, mbd)

  • The Refinery capacity of Oil & Gas industry in United States of America attained a value of 18,965.10 mbd in 2020

  • The indicator recorded a historical decline (CAGR) of 0.81% between 2017 to 2020, and is expected to grow by ...

  • GlobalData projects the indicator to grow ...

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The Refinery capacity of Oil & Gas industry in United States of America (2017 - 2025, mbd)

Published: Nov 2021
Source: GlobalData

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Refinery capacity of Oil & Gas industry in the US recorded a YoY decline in 2020

Refinery capacity of Oil & Gas industry in the US recorded a low-single digit YoY decline in 2020.

Crude distillation unit capacity in the country increased in 2020 from 2015 at a low-single-digit AAGR. It is expected to increase from 2020 till 2025 at a low-single-digit AAGR.

Condensate Splitter unit capacity in the country increased in 2020 from 2015 at a mid-single-digit AAGR. It is expected to remain same from 2020 to 2025.

Coking unit capacity in the country increased in 2020 from 2015 at a low-single-digit AAGR. It is expected to increase from 2020 till 2025 at a low-single-digit AAGR.

Catalytic Cracker unit capacity in the country decreased from 2015 at a negative low-single-digit AAGR. It is expected to decrease from 2020 till 2025 at a negative low-single-digit AAGR.

Competition in downstream activities, particularly in refineries is fierce. Refineries aim to maximize their margins (crack spread), but since they have little or no influence over the price of their input or their output, they must rely on operational efficiency for their competitive edge.

Higher refinery yields, can therefore be a result of advanced technology. Specifically, refineries’ technological advantage is based on how much secondary conversion capacity (catalytic cracking, coking and other secondary processing units) they have in addition to primary distillation units. Refineries with advanced secondary conversion capacity are more efficient in removing sulphur and other substances to meet strict environmental requirements for fuels.

Refineries’ operation can be differentiated in terms of product mix, with some refineries focused on lighter oil products such as gasoline and others on heavier oil products such as marine fuel. The more complex the refinery, the wider the range of crude oil inputs it can choose from, thus having a competitive advantage. This becomes increasingly important as the increasing demand for lighter oil products, particularly gasoline, and the increasing supply of heavy crude oil as share of total crude oil extracted, creates a quality gap that fewer refineries can fill.

The refining capacity is the total design/nameplate capacity of the refinery and is the sum of the crude distillation unit (CDU) and condensate splitter (if any) in the refinery.



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