Impacts of East Coast Refinery Closures
The American Petroleum Institute releases the study “Impacts of East Coast Refinery Closures” prepared by EnSys Energy.
The recent recession, among other factors, reduced petroleum product demand across OECD regions and has precipitated widespread refinery sales and closures. Several of these closures have occurred or are threatened in the U.S. Northeast. Together, if all the discussed closures materialize, the EIA estimates a loss of over 900,000 bpd of regional capacity.