U.S. oil refiners are expected to have about 775,000 barrels per day (bpd) of capacity offline for the week ending March 22, increasing available refining capacity by 329,000 bpd, research company IIR Energy said on Monday.
Offline capacity is expected to edge down to 744,000 bpd in the week ending March 29, IIR added.
The following are IIR weekly figures for offline capacity (in thousands of bpd):
| Week Ended Friday | March 18 | March 15 | March 13 |
|---|---|---|---|
| 03/29/2024 | 744 | 744 | – |
| 03/22/2024 | 775 | 775 | 885 |
| 03/15/2024 | 1,104 | 1,104 | 1,214 |
| 03/08/2024 | 1,665 | 1,665 | 1,665 |
Note: The offline capacity figures are based on IIR Energy data gathered on all planned and unplanned outages at refiners across the United States. The current week’s figure will be revised as more information becomes available.
(Reporting by S. Arvind in Bengaluru)