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U.S. Refiners Prep for More than $1.1 Billion in First-Quarter Maintenance as Output Slumps
Industry Segment: Petroleum Refining | Word Count: 665 Words
Attachment: Refining Maint 1Q20
SUGAR LAND--December 4, 2019--Researched by Industrial Info Resources (Sugar Land, Texas)--Weak global demand has pushed U.S. refiners to reduce their crude oil processing by nearly 100 million barrels so far this year, according to the U.S. Energy Information Administration (EIA). This marks the first year-to-date decline for U.S. crude processing since the recession of 2008-09, although the trend can be attributed partly to the closure of the 335,000-barrel-per-day (BBL/d) Philadelphia Energy Solutions refinery after an explosion in June. Industrial Info is tracking more than $1.1 billion in maintenance-related projects at refineries across the U.S. that are slated to begin in first-quarter 2020.
Within this article: Details on maintenance projects at some of the nation's key refineries that are set to begin from January through March, including those owned by Motiva Enterprises LLC, Exxon Mobil Corporation (NYSE:XOM), Delek Group, Marathon Petroleum Corporation (NYSE:MPC), Phillips 66 (NYSE:PSX), Valero Energy Corporation (NYSE:VLO), CVR Energy Incorporated (NYSE:CVI) and PBF Energy Incorporated (NYSE:PBF).
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