The US Energy Information Administration’s annual report on American refineries showed capacity topped 20 million b/d in 2020, as refiners increased their ability to run more price-advantaged domestic crude to make greater volumes of cleaner distillate and higher octane gasoline. Receive daily email alerts, subscriber notes & personalize your experience. Register Now But it also signals a lot of the expansion will count for nought in 2020. Refiners expect falling demand from coronavirus pandemic-induced lockdowns to weaken product demand and utilization in 2020, cutting into their earnings, slicing capital spending budgets and forcing them to defer projects. According to the EIA’s yearly deep dive into refinery operations, based on reporting from the refiners themselves, the number of operable barrels per stream day (b/sd) reached 20.092 million b/sd in […]