US Gulf Coast refinery run rates nearing pre-hurricane levels - EIA

Source: ICIS News


HOUSTON (ICIS)--Gross input to refineries in the US Gulf Coast averaged 8.8m bbl/day for the week ending 20 October, reaching run rates approximately 324,000 bbl/day higher than the previous five-year range for mid-October, the US Energy Information Administration (EIA) said on Thursday.

The data was based on the EIA’s weekly Petroleum Status Report (WPSR).

The EIA noted that refinery run rates in the US Gulf Coast were higher than the five-year range for much of 2017, prior to the arrival of Hurricane Harvey. Aside from curtailing refinery operations, Harvey disrupted crude oil shipments, feedstock deliveries, electricity supply and workforce availability.

The WPSR's first data point after Harvey made landfall (for the week ending 1 September) showed that US Gulf Coast refinery run rates fell by 3.2m bbl/day, down by 34% from the previous week. Rates fell by 263,000 bbl/day in the next week, hitting 5.9m bbl/day, the EIA said, adding it was the lowest weekly value since Hurricanes Ike and Gustav in 2008.

Run rates steadily increased over the next few weeks but dropped again during Hurricane Nate, the EIA said.