U.S. Refinery Runs Hit Record Lows as $4 Billion in Projects Face COVID-19 Hurdles

SUGAR LAND--May 5, 2020--Researched by Industrial Info Resources (Sugar Land, Texas)--Collapsing demand for transportation fuel has forced U.S. refineries to reduce the amount of crude oil and other inputs they process, also known as "refinery runs," according to the U.S. Energy Information Administration (EIA). For the five-week period ending April 24, U.S. refinery runs of 13.2 million barrels per day (BBL/d) were nearly 21% lower than the five-year average at the same point in 2019. Industrial Info is tracking nearly $4 billion worth of projects at U.S. refineries that are facing scheduling complications--or worse--due to COVID-19.

Within this article: Details on refining projects from leading companies, such as Marathon Petroleum Corporation (NYSE:MPC), Phillips 66 (NYSE:PSX), HollyFrontier Corporation (NYSE:HFC), CITGO Petroleum Corporation and Sinclair Oil Corporation, that have been delayed or otherwise affected by COVID-19 precautions.