U.S. Refinery Turnarounds Keep Consumers, Traders, Regulators Happy
Attachment: North American Petroleum Refining Outlook, 2014
SUGAR LAND--April 24, 2014--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--The traditional summer driving season starts on Memorial Day, but U.S. motorists aren't waiting until May 26 to hit the road. As the long, cold winter of 2013-14 fades in the rear-view mirror, weekend drives and local "staycations" are boosting consumption of refined petroleum products like gasoline and diesel fuel. Transportation fuel should be plentiful this driving season for two reasons: Production of domestic crude oil is surging, and U.S. refineries have made billions of dollars in investments to meet consumer demand by maintaining, upgrading and expanding their facilities.
Other companies featured: Valero Energy Corporation (NYSE:VLO), BP plc (NYSE:BP)
