Refining US Refiners are Facing Substantial Pressures

| Editor: azubi653

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(Picture: Ernst & Young)
(Picture: Ernst & Young)

According to the oil & gas alert “US refining 2010: from the golden age to the dark ages” from Ernst & Young, US refiners have to face substantial challenges in the next three to five years due to the changing relationship of oil demand and refining capacity. In 2009, the oil demand in the US declined for the fourth year in a row whereas since 1996, US crude distillation unit capacity (CDU) has increased by almost 16 percent.