Refiners in US Seen Planning Lowest Fall Maintenance Since 2021

As the summer driving season comes to an end, refineries across the United States are gearing up for their fall maintenance, a crucial period for ensuring the smooth operation of refineries and maintaining the country's refining capacity. However, this year, refineries are planning to undertake the lowest level of fall maintenance since 2021, raising concerns about the impact on the global oil market and domestic fuel prices.

Moreover, the Biden administration's energy policy has been a subject of debate among refineries. The administration's focus on reducing greenhouse gas emissions and promoting renewable energy sources has led to concerns about the long-term viability of refineries. Some refineries have chosen to convert their operations to produce more renewable fuels, such as biofuels, to align with the administration's policies. This shift has contributed to the decline in refining capacity.