U.S. oil refiners are expected to have about 117,000 barrels per day (bpd) of capacity offline in the week ending July 5, increasing available refining capacity by 59,000 bpd, research company IIR Energy said on Wednesday.
Offline capacity is expected to rise to 261,000 bpd in the week ending July 12, IIR added.
The following are IIR weekly figures for offline capacity (in thousands of bpd):
| Week Ended Friday | July 3 | July 1 | June 28 |
|---|---|---|---|
| 07/12/2024 | 261 | 256 | 256 |
| 07/05/2024 | 117 | 92 | 92 |
| 06/28/2024 | 176 | 176 | 164 |
| 06/21/2024 | 150 | 153 | 153 |
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; Editing by Louise Heavens)